Shell announces the discovery of more oil

Niël Terblanché Shell has confirmed the discovery of more oil after completing the drilling of another exploration well offshore Namibia. Following the successful drilling of its fourth exploratory well, Lesedi-1X, the United Kingdom-based oil major, said that the data verified the presence of hydrocarbons. Shell added that further evaluation is required to determine the development potential of the discovery. “We are encouraged by a further deep-water discovery, our third in Namibia, and pleased to confirm the safe conclusion of the well. Jonker again demonstrated the joint venture’s strong commitment to advancing oil and gas exploration in Namibia and to progressing…