Shell writes down Namibia oil discovery in blow to country
Jan 8, 2025 · Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude...
Shell’s US$400-million Namibian oil write-off won’t derail …
Jan 12, 2025 · The decision by Shell to write off US$400 million (N$6.8 billion) invested in the exploration of one well in Namibia will not affect the country’s prospects to become a top oil producer in the ...
Deepwater Namibia: Despite Shell’s Write Down There’s Still Lots …
3 days ago · At that time, Shell was operator of Kudu and Texaco had a 15% working interest in the field. Since that time, he has had an abiding interest in Namibia’s oil industry. He closely follows the latest news coming out of Namibia. He has travelled several times in Namibia for business and also as a tourist.
Shell writes down $400m on unviable oil discovery in Namibia
Jan 9, 2025 · Shell has determined that an oil discovery off the coast of Namibia is not commercially viable, leading to a projected write-down of around $400m (£325.52m), reported Reuters. This decision is a setback for Namibia’s ambition to establish itself as an oil producer.
Shell Hits Snag Offshore Namibia, Records $400M Financial Write …
Jan 9, 2025 · Shell plc SHEL, the British oil and gas major, has stated that it will record a financial write-down of nearly $400 million over an offshore oil discovery in Namibia. The company has found the...
Namibia's oil prospects hurt as Shell writes down offshore oil ...
Jan 9, 2025 · Shell has announced a $400 million write-down related to an offshore oil discovery in Namibia, deeming the project commercially unviable. The decision marks a setback for Namibia's ambitions...
Blow to Namibia: Shell to write down $400 million on oil …
Jan 9, 2025 · Shell will write down around $400 million over an oil discovery offshore Namibia it deemed commercially unviable. This is a blow to the country’s efforts to become a crude producer.
Shell finds hydrocarbons in Namibia exploration well | Reuters
Jul 12, 2023 · Shell said on Wednesday it had successfully completed drilling a fourth exploration well, Lesedi-1X, in Namibia that confirmed the presence of hydrocarbons.
Shell pulls out of Namibia oil discovery - bizcommunity.com
Apr 22, 2024 · Shell will write down around $400m over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the country's efforts to become a crude producer.
Shell To Abandon Namibia Oil Discovery - African Energy Council
Jan 9, 2025 · Shell, along with its partners QatarEnergy and Namibia’s national oil company, first found hydrocarbons in block PEL39 in 2022, a discovery that, along with another by TotalEnergies in a nearby block, attracted significant global interest in Namibia, a …
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