26
Jan
Erasmus Shalihaxwe Despite Shell’s recent announcement to write down US$400 million in PEL 39 from its operation in Namibia, other companies involved in the offshore oil discovery are moving forward with the project alongside the National Petroleum Corporation of Namibia (NAMCOR). The oil, located in the Orange Basin, has been described as one of the world’s most promising oil and gas regions. Utaara Hoveka, a spokesperson for NAMCOR, confirmed over the weekend that post-well studies are being done by several joint venture (JV) partners, such as QatarEnergy (30%), Impact Oil and Gas Namibia (9.5%), and NAMCOR (10%). These studies involve…
