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flag Shell starts 2026 offshore drilling in Namibia’s PEL 39, after writing off prior non-commercial find.

flag Shell plans a new offshore drilling campaign in Namibia’s PEL 39 block starting April 2026, using the Deepsea Mira rig, after writing down $400 million on a prior discovery deemed non-commercial. flag The project, involving partners QatarEnergy and Namcor, aims to assess the economic potential of resources found in the Orange Basin, where past discoveries by Shell, TotalEnergies, and others have faced challenges. flag Meanwhile, TotalEnergies is acquiring a 40% operated stake in PEL83, including the Mopane discovery, from Galp, with a two-year exploration campaign planned. flag TotalEnergies also plans a final investment decision on the Venus discovery in 2026, while other firms continue evaluating prospects in the region despite ongoing technical and economic hurdles.

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