Shell’s recent $400 million write-down on its Namibian offshore oil discovery serves as a stark reminder of the risks in frontier exploration. The company announced this decision in a trading update preceding its fourth-quarter results due on January 30, 2025. Shell, along with partners QatarEnergy and NAMCOR, made the initial discovery in block PEL39 in […]
Shells $400 Million Namibian Oil Setback: A Cautionary Tale for Frontier Exploration
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