Namibia’s national oil company (NOC) has issued a statement confirming the discovery of light crude oil in Graff-1, an exploration well drilled at the deepwater PEL 39 block offshore
In its statement,
Additionally, it stressed that the partners would need to explore the licence area further in order to gain more information about the size and potential of the block’s petroleum system. This additional activity will include the drilling of a second exploration well, it said.
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