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EXCLUSIVE Shell hits oil and gas in Namibian offshore well

REUTERS

EXCLUSIVE Shell hits oil and gas in Namibian offshore well

  • Shell made “significant” discovery in Graff-1 well
  • Namibian government to hold press conference on discovery
  • It remains unclear if Shell will develop a field

LONDON, Jan 25 (Reuters) – Shell (RDSa.L) has made a significant oil and gas discovery at an closely-watched offshore well in Namibia which could spark a wave of investment in the southern African country, three industry sources told Reuters.

Reporting by Ron Bousso and Wendell Roelf; editing by David Evans

SOURCE

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