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Friday, 05/26/2023 8:52:44 AM

Friday, May 26, 2023 8:52:44 AM

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Shell has spudded its third exploration well called Lesedi
Shell drills new well in red-hot Namibia play, where first oil could flow in 2028 from three FPSOs
Supermajor extends charter contract for rig drilling latest exploration well, with chief executive expected to highlight Namibia oil drive in next month’s investor event

26 May 2023 9:52 GMT UPDATED 26 May 2023 10:15 GMT
By Iain Esau in London
Shell has spudded its third exploration well offshore Namibia, targeting a significant prospect called Lesedi north of its Graff-1 and Jonker-1 discoveries in Block 2913A.

The supermajor has also extended the charter period of the semi-submersible rig it has on duty in these waters, underlining its bullish view of the multibillion-barrel potential of its two blocks in Namibia’s prolific Orange basin.

‘Like a train’: Oil flows at supercharged rate from Shell’s ground-breaking Namibia probe
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Jefferies analyst Giacomo Romeo expects Namibia to be a key talking point on 14 June when Shell chief executive Wael Sawan leads a capital markets day even