• Mining
Monday, June 23, 2025
Mining and Energy Namibia | Namibia’s Leading Mining & Energy News
NEWSLETTER
No Result
View All Result
  • Diamonds
  • Oil & Gas
  • Uranium
  • Green Hydrogen
  • Gold
  • Lithium
  • Energy
  • Copper
  • Zinc
  • Diamonds
  • Oil & Gas
  • Uranium
  • Green Hydrogen
  • Gold
  • Lithium
  • Energy
  • Copper
  • Zinc
No Result
View All Result
Mining and Energy Namibia | Namibia’s Leading Mining & Energy News
No Result
View All Result
Home Oil & Gas

Shell to spend quarter of exploration budget on Namibia exploration

editor by editor
November 5, 2023
in Oil & Gas
7 1
A A
0

Shell plans to spend a quarter of its deep-water exploration budget for 2023 and 2024 to its oil and gas discoveries in Namibia’s Orange Basin.

“To give you a sense of our belief in Namibia, roughly a quarter of our deepwater exploration spending in 2023 and 2024 will be directed to Namibia. It is a theater that we fundamentally believe in, and we are looking to understand the optimal pathway for us to move forward,” Shell CEO Wael Sawan said.

The oil major’s CEO said during the company’s third-quarter webcast that in the next six to nine months, Shell expects to drill an exploration well, an appraisal well, and carry out at least one more flow test, the results of which will help Shell understand the overall development pathway for its Orange Basin assets.

Shell has made four significant discoveries in Namibia to date: Graff, La Rona, Lesedi, and Jonker.

“We continue to like what we see. What’s particularly pleasing is that all of those wells drilled have been top quartile across every benchmark that we find in the wells space. So, as important as making a discovery is, making sure that we can actually outcompete when we drill those wells is a key area that we’re focused on… leveraging significant learnings we have across our global deepwater portfolio,” Sawan said.

Northern Offshore’s semi-submersible rig, Deepsea Bollsta, is drilling an appraisal well on Jonker, which could be the first field to be tapped by Shell, with the Jonker-1A appraisal well having spudded in late August.

Jonker-1A is being drilled more than 22 kilometers northwest of Jonker-1 probe, indicating the potential size of the discovery.-M&E/Upstream

author avatar
editor
See Full Bio
Share7Tweet5

Related Posts

Dangote eyes oil, gas and phosphate investment in Namibia
Oil & Gas

Dangote eyes oil, gas and phosphate investment in Namibia

  Africa’s richest man, Aliko Dangote, has set his sights on potential investments in Namibia’s oil, gas, and phosphate industries,...

June 19, 2025
IMF calls for clear strategy on Namibia’s oil and gas potential
Oil & Gas

IMF calls for clear strategy on Namibia’s oil and gas potential

  The International Monetary Fund (IMF) has urged Namibia to adopt a clear policy framework to manage its emerging oil...

June 18, 2025

Recommended

Trigon Metals to restart Kombat Mine operations

Trigon Metals to restart Kombat Mine operations

2 years ago
Namibia keen to participate on the Carbon Market

Namibia keen to participate on the Carbon Market

3 years ago
Load More

Newsletter

Black transparent logo for dark mode

About Us

The Namibia Mining and Energy website is a comprehensive online platform dedicated to showcasing Namibia's mining and energy sectors

Categories

  • Copper
  • Diamonds
  • Energy
  • Gold
  • Green Hydrogen
  • Lithium
  • Mining
  • Namibia
  • News
  • Oil & Gas
  • Opinions
  • Tin
  • Uranium
  • Zinc

Get in touch

Email:newsdesk@miningandenergy.com.na

© 2024 Mining and Energy | All Rights Reserved. The Namibia Mining and Energy website is a comprehensive online platform dedicated to showcasing Namibia's mining and energy sectors.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Diamonds
  • Oil & Gas
  • Uranium
  • Green Hydrogen
  • Gold
  • Lithium
  • Energy
  • Copper
  • Zinc

© 2024 Mining and Energy | All Rights Reserved. The Namibia Mining and Energy website is a comprehensive online platform dedicated to showcasing Namibia's mining and energy sectors.