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Friday, May 12, 2023 7:42:00 AM
Sources said news bodes well for commerciality, but challenges remain
12 May 2023 10:26 GMT UPDATED 12 May 2023 11:18 GMT
By Iain Esau in London
Southern Africa’s exploration circles are abuzz with talk of Shell achieving super-charged oil flow rates from production tests it has been running on its ground-breaking Graff-1x discovery well offshore Namibia.
Namibia is probably the world’s top exploration hot spot, as two discoveries by Shell — Graff and Jonker — and TotalEnergies’ Venus find pave the way for a surge of industry interest in the long-neglected Orange basin and set the scene for what could be at least three major projects.
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