Fossil Energy – Namibia Discovery
Shell has made a fourth hydrocarbon discovery offshore Namibia, one of the hot spots in offshore exploration right now.
The UK-based supermajor said on Wednesday that it had confirmed the presence of hydrocarbons in the fourth exploration well, Lesedi-1X, it completed drilling offshore the African country.
“Further evaluation is required to determine development potential,” Shell said in a statement carried by Reuters.
