Shell (SHEL.L) is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026, working with partners QatarEnergy and Namibia’s national oil company, Namcor, Reuters reported.
Shell’s Namibia country chair, Eduardo Rodriguez, said in a LinkedIn post on Thursday that the company had awarded the contract for the Deepsea Mira drilling unit, operated by Odfjell Drilling and owned by Northern Ocean.
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Shell is returning to the PEL 39 block after writing down around $400 million in January over an oil discovery it had deemed commercially unviable.
The block is located in the Orange Basin, which stretches into South African waters and has attracted global attention following discoveries by Shell, TotalEnergies (TTEF.PA), and Galp (GALP.LS). Namibia has not yet produced oil but aims to reach first output by 2030.
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Image Credit: Offshore Energy
