reminder21 Oct 2022 10:55
''Shell has also stated that, following the Graff-1 discovery and the subsequent La Rona-1 well earlier in 2022, it will drill more appraisal and exploration wells in order to prove commerciality and to design the optimal development plan - this programme is widely reported as scheduled to commence in Q3/Q4 2022. Global's view is that there is commonality of both source and reservoir between the Shell and TotalEnergies discoveries in the Orange Basin, and the Company's licence PEL 94. The Company believes that the Walvis Basin, where PEL 94 is situated, also has the potential to be extremely successful, but has the advantage of much shallower water depths generally than the discoveries in the south.
As previously indicated, interest in Namibian offshore exploration has risen significantly - a development which has become evident to Global in the course of its farmout of PEL 94''
Any potential partners will want to be on board very soon