Qatar Energy finds new oil offshore Namibia
QatarEnergy announced a new oil discovery off the coast of Namibia, where the exploration well yielded remarkable geological results, with reservoirs of good quality, light crude oil, and limited amounts of associated gas. This discovery follows three previous findings in the area and reinforces the company's confidence in the Orange Basin as a promising hydrocarbon region. QatarEnergy holds stakes in four offshore licenses in the area, covering approximately 34,000 square kilometers, as part of its efforts to expand its global investments in exploration and production.
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