Shell has completed its latest offshore drilling campaign in Namibia, drawing the curtain on another phase of exploration in what has become one of the world’s most sought-after oil frontiers.
The energy major’s Deepsea Mira semi-submersible rig completed its contract on July 2 after beginning operations in April, with owner Northern Ocean confirming that Shell did not exercise its option for a second exploration well.
The rig is now being demobilised to Walvis Bay for planned upgrades before returning to the international market.
The campaign generated approximately $31 million in revenue for Northern Ocean, which says it expects to secure a new contract for the rig before the end of the year as demand for high-specification offshore drilling units remains strong.
Shell isn’t leaving Namibia
