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QatarEnergy makes third oil discovery in Namibia

Field, pump, fire Reuters/George Esiri
New discoveries could make Namibia another oil producer along the African Atlantic coast

State-owned QatarEnergy has made a third oil discovery with its partners, Namibia’s oil major Namcor and Shell, in the Jonker-1X deepwater exploration well, in the Orange Basin offshore southern Namibia.

New discoveries could make Namibia, the southern neighbour of Opec member Angola, another oil producer along the African Atlantic coast.

“We are delighted to announce this third oil discovery after the success of the Graff-1X and Venus-1X discoveries by Shell and TotalEnergies in 2022,” Immanuel Mulunga, managing director of Namcor, said in a statement.

The acquired data is being evaluated, and further appraisal drilling is planned to determine the size and potential of the discovery, the statement said.

Shell Namibia BV and QatarEnergy each hold a 45 percent stake in the joint venture, while state-owned Namcor has 10 percent.  

In September 2022, state-owned QatarEnergy has selected TotalEnergies as the first international partner in the North Field South expansion project.

TotalEnergies will hold a 9.375 percent stake in the project out of a total 25 percent interest available for international partners, while QatarEnergy will have the remaining 75 percent interest.