Nov. 27 (Bloomberg) -- Royal Dutch Shell Plc said it’s collecting seismic data in the Orange Basin off the north-west coast of South Africa.
“We hope to make a decision on drilling in the next year or so, but won’t if we don’t find any suitable structures,” Jan Willem Eggink, general manager for upstream operations at Shell in South Africa, said yesterday in an interview in Cape Town. Shell won exploration rights to the block in February.
“The deep-water portion of the Orange Basin has evidence of source rocks which have the potential for significant commercial oil and gas discoveries,” the company said in a Feb. 10 statement.
The area is close to the border of Namibia in water ranging from 500 meters (1,640 feet) to 3,000 meters in depth, according to Eggink.
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