Shell Looks To Drill Ultra-Deepwater Wells Off South Africa

Oil and gas supermajor Shell is applying for authorizations to drill ultra-deepwater wells offshore South Africa, looking to expand the recent discoveries off Namibia into South Africa’s west coast, Reuters reported on Tuesday, citing a draft environmental assessment from independent environmental consultancy SLR. Analysts believe that some offshore formations that South Africa shares with the offshore areas of Namibia – the latest deepwater exploration hotspot – could hold great resource potential. Shell’s local…