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Shell to drill for oil offshore Namibia

Extract from article by BusinessDay published 26 Feb 2014

Screen Shot 2014-02-10 at 16.29.29Royal Dutch Shell is to drill offshore Namibia, a growing area of interest for oil and gas explorers. Shell has taken over exploration blocks 2913A and 2914B in the Orange Basin from Signet Petroleum, with the Anglo-Dutch group acquiring a 90 percent stake in the two blocks and Namibian national oil company Namcor keeping its 10 percent carried interest.

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