Walvis Bay in Namibia. (Jeremy Hetzel/Flickr)
The revival of Namibia’s upstream sector has been dealt a fresh blow by the failure of two highly tipped offshore wells.
Tullow Oil announced on 24 September that its Cormorant 1 exploration well in the PEL-37 licence had failed to encounter commercial hydrocarbons. The spud – which Wood Mackenzie had highlighted earlier this year as one of 15 wells to watch in 2018 – was the first wildcat well in Namibia in four years and the country’s fourth dry well...
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