Namibia’s state oil firm welcomes new offshore oil discovery

WINDHOEK, June 10– Namibia’s state-owned oil company, the National Petroleum Corporation of Namibia (NAMCOR), on Wednesday welcomed the announcement of a new offshore oil discovery in the country’s deep-water Orange Basin.

The discovery, announced Tuesday by QatarEnergy, was made at the Merlin-1X exploration well in Petroleum Exploration License 39 (PEL 0039), marking another encouraging development in Namibia’s growing upstream oil and gas sector.