QatarEnergy, Shell announce oil discovery offshore Namibia

A consortium of QatarEnergy and Shell National Petroleum Corporation of Namibia said on Friday they found oil in a deep-water exploration well drilled in the PEL-39 license in the Orange Basin, offshore Namibia.

The consortium said in a statement that they had successfully concluded drilling operations of the Graff-1 well, where they established the presence of a working petroleum system with light oil.

“We are encouraged by the Graff-1 well results, which enhance the potential of our exploration acreage in Namibia’s offshore,” said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy.

The companies will conduct analysis on the well data and further exploration activity to determine the full size and recoverable resource potential, they said.

“The Graff-1 well was drilled to a total depth of 5,376 meters in water depths of approximately 2,000 meters in the PEL-39 license area, which covers a total area of 12,299 km2,” the statement said.