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Odfjell Drilling’s operated Deepsea Bollsta drilling rig, pictured in 2019 when known as West Bollsta, which carried out drilling at Shell’s Graff 1A appraisal well in 2022-23 (Cavernia/WikiMedia/CC 4.0 licence).

Shell takes exploration write-down but remains optimistic over Namibia’s offshore

Industry hype over Namibia as one of the world’s hottest offshore frontiers has been tempered by Shell’s announcement that it will take a write-down on nine wells drilled within its operated PEL 39 block. Shell called the move an ‘accounting process’ – and said it still sees additional commercial opportunities in Namibia’s offshore

Issue 519 - 10 January 2025

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