Thursday, October 1, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Latest

Shell starts oil discovery appraisal in Namibia

by editor
December 14, 2022
in Latest
5
A A

Northern Ocean, whose semi-submersible rig (the Deepsea Bollsta) has been contracted to carry out an oil discovery appraisal, says it has began its contract with Shell Upstream Namibia, a subsidiary of Shell.

The three-well exploration and appraisal drilling campaign offshore Namibia will be centred on the oil major’s Graff oil and gas discovery.

The local unit of the British multinational oil and gas company, operates PEL 0039 with a 45% working interest, together with QatarEnergy (45%) and National Petroleum Corporation of Namibia (10%). PEL 0039 covers approximately 12,000km² in deep water offshore Namibia.

Ocean’s semi-submersible Deepsea Bollsta, which was chartered by Shell on a 12-month contract valued at N$2.1 billion and has an option to extend the deal for a further six months, has arrived in the Namibian waters.

“We look forward to delivering more significant milestones for Shell as we embark on this drilling campaign, and expect to continue strengthening the relationship with the manager and the client,” Northern Ocean CEO Scott McReaken said.

The 2020-built Deepsea Bollsta sixth-generation semi-submersible rig is of Moss CS60E design and can accommodate 140 people. The rig can carry out operations in both benign and harsh environments at water depths of up to 3,000 metres.

After being awarded the contract in late August, Northern Ocean raised N$678 million (US$40 million) to fund the harsh environment semi-sub’s reactivation cost.

The Shell exploration activity comes after the company immediately drilled a follow-up well called La Rona, which — unlike with Graff — did not reveal the results according to Upstream.

According to Northern Ocean, its rig will also have to drill in waters up to 2,400 metres deep, which implies one or more wells will be spudded to the west of Graff.

The discovery well lies in 2,000 metres of water, some 270 kilometres from Oranjemund and was drilled to a total depth of 5,376 metres.

 

author avatar
editor
See Full Bio
Previous Post

Telecom, OMDis partnership to create country’s first smart city

Next Post

Daures Green Hydrogen Village secures N$220m German funding

Must Read

Professional head-and-shoulders portrait of a man wearing a navy suit, light blue shirt, and tie, smiling at the camera with glasses.
Latest

FirstRand Namibia appoints Moses Iinane as Chief People Officer

September 30, 2026
A large crowd of people arranged to form the shape of a computer mouse cursor
Latest

Namibia’s population projected to reach 3.47 million by 2030

September 30, 2026
Defaults by municipalities and SOEs leave NamPower owed N$912m
Latest

NamPower reveals N$1.4bn profit as asset base grows to N$58bn

September 29, 2026
Man in a navy suit and polka-dot tie speaking at a podium in front of a Namibia Statistics Agency backdrop with a laptop in the foreground.
Latest

NSA renews Shimuafeni’s term as Statistician-General to 2031

September 29, 2026
Passenger traffic at Namibian airports falls in May
Latest

Hosea Kutako drives July passenger rebound with 19.6% jump in arrivals

September 29, 2026
Standard Bank posts N$556.9m six-month profit, up 10%
Finance

Standard Bank raises Namibia’s 2026 growth forecast to 2.2%-2.9%

September 28, 2026
Load More

Related News

21,000km of Namibia now visible on Google Street View

21,000km of Namibia now visible on Google Street View

June 6, 2025
CoW reports N$5bn turnover for the 2022/2023 fiscal year 

CoW reports N$5bn turnover for the 2022/2023 fiscal year 

July 11, 2024
Leadership without authority

Being needed vs being valued

July 17, 2026

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • e-edition
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • e-edition
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.