#THEYLIVE AND THEYLIE WHILE WE DIE
THE OIL NEVER DID RUN OUT
HUGE #Oil #Discovery JUST SHOCKED The Entire Energy Industry
Tech Revolution
Mar 15, 2023
"UK-based supermajor announces that Shell, QatarEnergy, and Namibia's state oil firm NAMCOR discovered light oil in a deepwater exploration well off the coast of West Africa.
The drilling operations at the Jonker-1X exploration well confirmed the presence of a reservoir with light oil. Shell states that further appraisal activities with dynamic data gathering are required to assess the size and recoverable potential of the oil discovery.
Dennis Zekveld, Shell's Country Chair in #Namibia, says they feel encouraged by their third deepwater discovery in Namibia and confirm the well's safe conclusion.
Jonker showcases the Joint Venture's dedication to advancing oil & gas exploration in Namibia and pursuing further opportunities after last year's discoveries.
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Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, says they found a new oil reserve in Namibia.
This is their third discovery there. And he congratulates Shell and NAMCOR, and thanks the Namibian government for their support.
Shell and its partners discovered two new sites in the Orange Basin off the coast of Namibia last year. They hold the PEL 0039 license for the area, with Shell as the operator and a 45% working interest.
QatarEnergy and Namibia's NAMCOR also have stakes in the permit.
TotalEnergies discovered light oil with associated gas on the Venus prospect in the Orange Basin last year. And they said it could be a huge oil and gas find in Namibia.
TotalEnergies also plans to appraise and test the discovery in 2023.
The Namibian petroleum commissioner, Maggy Shino, suggests that if the recent offshore oil discoveries are commercially viable, Namibia might join OPEC.
Namibia shares borders with OPEC member Angola. And Namibia aims to increase its economy by twofold within the next 20 years with the help of the newfound oil.
In addition, Namibia's economy is currently valued at approximately 11 billion dollars. Shell has also found gas at Pensacola.
Shell also discovered natural gas in the Southern North Sea at the Pensacola well on License P2252. Deltic Energy reports that Pensacola's discovery might be one of the biggest in over a decade.
Shell UK operates well 41/05A-2, which has reached a depth of 1965m below sea level.
Wireline logs confirmed the presence of mobile gas and oil in the primary Zechstein Hauptdolomite carbonate target interval.
The well confirmed a reservoir thickness of 18.8 meters with better-than-expected porosity averaging 16% upon encountering the top Hauptdolomite reservoir at 1745 meters.
Graham Swindells, Chief Executive of Deltic Energy, reports a highly positive outcome from the company's first exploration well at Pensacola.
The discovery amounts to approximately 300 billion cubic feet. And it would be one of the biggest natural gas finds in the Southern North Sea in the last ten years.
Swindells believes that the Pensacola discovery will uncover a new Zechstein play in this mature basin and demonstrates the remaining potential of the North Sea as a source for further domestic natural gas discoveries.
And once the well test program is complete, the well will be plugged and abandoned following standard procedure. The jackup rig Noble Resilient will then be demobilized from the site.
Furthermore, Shell has achieved its highest profits in 115 years. Shell has achieved record-breaking profits by reporting 39.9 billion dollars in adjusted earnings for 2022.
The integrated gas division is the main reason for this success, as it took advantage of the fluctuating gas prices worldwide. This year's profit is twice as much as the previous year.
Shell CEO Wael Sawan says the world needs a reliable source of energy that is affordable and low in carbon.
Shell's strategy is the right one for this balanced energy transition. They are also progressing on their climate targets, with over 50% reduction in Scope 1 and 2 emissions achieved by the end of 2022.
Additionally, they continue to improve their portfolio. Meanwhile, Greenpeace UK's Senior Climate Justice Campaigner, Elena Polisano, accuses Shell of making profits from causing climate destruction and immense human suffering.
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This GAME CHANGING Terrifying HUGE Oil Discovery JUST SHOCKED The Entire Energy Industry
