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Shell discovers light oil offshore Namibia, in first for southern African country

S&P Global

PLATTS

Shell discovers light oil offshore Namibia, in first for southern African country

Energy major Shell has confirmed a light oil discovery at the Graff-1 well offshore Namibia, marking the first oil find for the southern African country, a company spokesperson said Feb. 4.

“Results from our exploration well are encouraging, establishing the presence of a working petroleum system with light oil,” the Shell spokesperson told S&P Global Platts. “We’ll continue evaluating the data and conduct further exploration activity to determine the extent of the system and how much of the hydrocarbons can be recovered.”
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