Qatar Energy Finds Oil Near Namibia
Qatar Energy announced a new oil discovery at Merlon-1X well in Exploration License Area PEL 0039 off the coast of Namibia. This is considered one of the largest discoveries thus far in the region. The well revealed high-quality reservoirs of light crude oil and limited quantities of associated gas, boosting confidence in the Orange Basin as a significant energy source. This discovery follows three previous ones in Namibia. The results of this find have contributed to expanding Qatar Energy's international exploration activities.
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