Govt: Namibia aims for first-ever oil output by 2026

Namibia aims to fast track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters today.
Shell on Friday said the exploration well off the coast of Namibia had shown "encouraging" results with the presence of a working petroleum system with light oil.
"If we do this within the next four years that will be excellent for us, so as the Namibian government we have pledged our commitment to the joint venture team to walk hand-in-hand with them ... to ensure we expedite the field development so that we can produce as quickly as possible," Maggy Shino, petroleum commissioner at the ministry of mines and energy, said.
Shell's Graff-1 well was drilled deep offshore in water of more than 5 000 metres.
Shino said it was too early to provide exact volumes of oil encountered at the Graff-1 well or whether the new discovery was sufficient to be a standalone project or will require further exploration in the area.
"Give us enough time and by May, June, we be able to have enough data accessed to be able to confidently let you know about the quantity we are talking about here," she said. - Reuters