General Thoughts, page-204

Namibia a major priority for Shell & Total

"TotalEnergies Chief Executive Officer (CEO), Patrick Pouyanné says Namibia is a priority for the company as appraisal drilling on the Venus Find are showing positive results and expectations are that the oil column is very big.

Namibia is considered the world’s top exploration hotspot, as discoveries by Shell — Graff and Jonker, and TotalEnergies’ Venus Find, pave the way for a surge of industry interest in the Orange basin and set the scene for what could be at least three major projects.

Southern Africa’s exploration circles are abuzz with talk of Shell achieving super-charged oil flow rates from production tests it has been running on its ground-breaking Graff-1x discovery well offshore Namibia. Encouraging geological results from the Orange Basin are testimony of the huge hydrocarbon potential in the deep-water play of the Orange Basin."