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Maroc Maroc - ENERGY PEDIA.COM - 09/Jan 23:18

Namibia: Shell writes down Namibia oil discovery

Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude producer. Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia 'cannot currently be confirmed for commercial development.'

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