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Maroc Maroc - AFRICANMININGMARKET.COM - A La Une - 09/Jan 20:48

Namibia responds to Shell’s Orange Basin write-down

The Ministry of Mines and Energy of the Republic of Namibia announces that multinational oil and gas company Shell will write down $400 million on an oil discovery made in Petroleum Exploration License (PEL) 39 in accordance with the company accounting principles. The discoveries were considered commercially unfeasible, with Shell citing technical and geological challenges. …

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