Orange basin bubble bursts as Shell says its Namibia discoveries are uneconomic

Supermajor says write-off is ‘accounting process’; licence still has oil and gas potential; and looks for other Namibia opportunities

Shell chief executive Wael Sawan.
Shell chief executive Wael Sawan.Photo: AP/SCANPIX
Published 9 January 2025, 15:48Updated 10 January 2025, 10:38
ShellNamibiaOrange basin