Shell has made a significant oil and gas discovery offshore Namibia, one of the expected hotspots for exploration this year, Reuters reported on Tuesday, quoting three sources in the industry. Shell, which started drilling the Graff-1 well in Namibia’s waters in December, has found resources estimated at 250-300 million barrels of oil and gas equivalent, one of the sources told Reuters. The government of Namibia is expected to make an announcement next week, two sources said. Namibia does not produce oil and gas, but the offshore area around…
