Shell plans to piggyback Namibia oil finds

Shell plans to explore an offshore SA oil block located across the maritime border with Namibia, where a number of discoveries have been made. Fin24 reports that the company expects to drill as many as five wells within the Northern Cape Ultra Deep licence block, according to an online notice by SLR Consulting. The block is about 300km off the west coast of SA in depths up to 3 200m. Shell and TotalEnergies SE made discoveries in Namibian waters north of the block starting in 2022. Additional finds have companies jostling for more acreage in and around the area.