WINDHOEK, March 6 (Xinhua) -- Namibia's state-owned oil company NAMCOR announced Monday a third oil discovery with joint venture partners Shell and TotalEnergies after drilling the Jonker-1X deep-water exploration well in the red-hot Orange Basin.
The well is located in Block 2913A and 2914B (PEL 0039), 270 km offshore of southern Namibia.
Immanuel Mulunga, managing director of NAMCOR, said the company was delighted to announce its third oil discovery after the success of the Graff-1X and Venus-1X discoveries together with Shell and TotalEnergies in 2022.
According to the firm, the acquired data was being evaluated, and further appraisal drilling was planned to determine the size and potential of the discovery.
Shell Namibia B.V and QatarEnergy each hold 45 percent stake in the joint venture while the state-owned NAMCOR has 10 percent. ■