Project Profile
Value: Undisclosed
Location: Orange Basin, offshore Namibia
Exploration start-up: 2014
Shell has taken over exploration blocks 2913A and 2914B in the Orange Basin from Signet Petroleum, with the Anglo-Dutch group acquiring a 90% stake in the two blocks and Namibian national oil company Namcor keeping its 10% carried interest. Royal Dutch Shell commenced drilling offshore Namibia, in these blocks during 2014. Shell was involved in exploration work around the Kudu gas field in the Orange Basin, the only economically feasible fossil fuel find made so far in Namibian waters, but dropped out in 2002.
Operators:
Shell (Namibia): Operator with 90% interest
Namcor: 10% interest