“At the same time [it is] hoping that shareholders with a long-term perspective will continue to support the company through joint ownership in the future”.
Shell spudded the Jonker well in December. “I’m not saying anything apart from to say it is going well, it is going very well,” Shino said to applause.
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
Aquadrill has sold a semi-submersible rig to BW Energy, which plans to convert it into a floating production unit (FPU) for a gas field off Namibia.
BW Energy has signed a deal to increase its stake in the Kudu licence, offshore Namibia, potentially reviving the long-dormant project.