Could Shell be looking at buying the 40% of Mopane/PEL 83 that GALP is offering for sale or maybe checking out an opportunity in PEL 87 or PEL 90?
Shell according to their press release above are looking for further exploration opportunity offshore Namibia.
I would speculate given Shell's drilling experience to date in PEL 39 at a cost of US$400 million, that based on this Total Energies map copied from OldGeo post with OldGeo's very creditable geologic play observations, that Shell would be looking for shallower water depth, less complex and much larger Cretaceous Mopane style Cenomanian oil plays. On this assumption, PEL 83 is a most likely high interest candidate for Shell to cast their eyes over, imho.
If Shell were to increase their risk profile, then entry into PEL 87/Saturn might be of interest to Shell and certainly to PCL shareholder!
We await Shell's next move, along with other majors like ExxonMobil, Equinor, and Petrobras sniffing around the offshore Orange Basin for exploration/development participation opportunities. And lets not forget Qatar, a partner with Shell in PEL 39, with Qatar's recent move into PEL90 with Chevron.
Risk in everything especially wild cat exploration drilling. DYOR
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