SHEL - Shell Requests Approval for Exploration Wells Off South Africa's Coast: Report | Benzinga
Shell plc (NYSE:SHEL) is reportedly requesting government authorization to drill up to five offshore wells along South Africa’s west coast.
The oil major plans to drill exploration and appraisal wells in the area, shifting focus south of Namibia where recent discoveries in the prolific Orange Basin suggest further potential, reported Reuters.
Notably, Shell Offshore Upstream South Africa B.V. and its joint venture partners require government environmental authorization to operate in the Northern Cape Ultra Deep Block (NCUD) within the Orange Basin.
As per the draft scoping report, water depths are anticipated to be between 2,500 ...