Namibia’s oil and gas development prospects remain on track despite Shell’s announcement that recent discoveries in some wells drilled in PEL39 are not commercially viable, Minister of Mines and Energy Tom Alweendo has announced.
“The recent announcement by Shell… is unfortunate but it will not significantly impact Namibia’s oil and gas development,” Alweendo said.
The minister expressed optimism about ongoing exploration activities, highlighting the country’s untapped offshore potential.
“We are positive that the remaining potential of PEL39 and other exploration campaigns currently underway will translate into commercial developments,” he said.
He pointed to the progress made by TotalEnergies in its multi-well appraisal and exploration drilling campaign in Block 2913B, located in PEL56, as a sign of continued momentum.
Additionally, Galp is seeking a new partner for its Mopane complex, following two discoveries in 2024 at Mopane-1X and its successful appraisal at Mopane-2A.
Meanwhile, Chevron, in partnership with Namcor and Trago, has commenced drilling the Kapana 1X well in PEL90. These activities underline the commitment of leading international oil companies to unlock Namibia’s offshore resources.
“We believe that we have barely begun to scratch the surface of the country’s offshore resources. We will continue working with dedicated companies to develop these resources,” Alweendo said.
He expressed confidence that ongoing exploration would lead to commercial opportunities, paving the way for Namibia to deliver its first oil production in the near future.
