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Ministry of Mines & Energy - Namibia
Source: Ministry of Mines & Energy - Namibia |

Ministry of Mines and Energy Responds to Shell's Orange Basin Write-Down

The company encountered technical and geological difficulties in PEL 39, leading to the determination that discoveries made in some of the wells drilled were not viable for commercial development

The Ministry of Mines and Energy of the Republic of Namibia (www.MME.gov.na) announces that multinational oil and gas company Shell will write down $400 million on an oil discovery made in Petroleum Exploration License (PEL) 39 in accordance with the company accounting principles. The discoveries were considered commercially unfeasible, with…

Ministry of Mines & Energy - Namibia
Source: Ministry of Mines & Energy - Namibia |

Namibian Energy Ministry Fast-Tracks ‘Namibian Content’ Policy Amid Transformative Discoveries

The draft policy aims to ensure effective national stewardship in the oil and gas industry, prioritizing the role of local industry players and stakeholders in all operations associated with the sector

Poised to drive socioeconomic development, resource monetization and sustainable growth, Namibia’s Ministry of Mines and Energy (www.MME.gov.na) have prioritized local content development in the country’s draft National Upstream Petroleum Local Content Policy. The inter-governmental committee working on Namibian Content made a priority of local content development in the country’s oil…