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Shell exploring other opportunities in Namibia despite $400m write-off

Shell is still looking for further opportunities in Namibia despite writing off $400 million from exploration activities offshore of the southern African country. The company told Business Report ...
Upstream

Orange basin bubble bursts as Shell says its Namibia discoveries are uneconomic

Shell’s high-profile oil and gas discoveries in Namibia’s Orange basin are not commercial, spurring the supermajor to write-off the cost of exploration wells in its deepwater licence. This news has ...
CNBC Africa

Shell writes down Namibia oil discovery in blow to country

Shell writes down $400 million on Namibia oil discovery Technical challenges hinder Shell’s Namibia oil development Namibia remains optimistic about future oil exploration The logo of British ...
Daily Maverick

Shell writes down Namibia oil discovery in blow to country

Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia "cannot currently be confirmed for commercial development." Shell and its partners QatarEnergy and Namibia's ...