As reported in late May 2019, OK Energy Ltd (OK Energy) has entered into an agreement with Shell South Africa Upstream B.V. (Shell) for an unspecified interest in OK Energyâs OK Energy 3 block (unofficial name). Local sources have indicated that Kosmos Energy will also take a stake in the licence. Very little information is currently available, but sources suggested that the deal is near to completion and is awaiting ministerial approval.   The move by Shell and Kosmos seems to be positioning ahead of Totalâs Namibian Venus 1 well (expected to be spudded in Q4 2019). Shell and partner Kosmos may also drill within its adjacent Namibian acreage (PEL 39) in 2020.  The licence is located to the west of the Orange Deepwater Area (previously held by Shell currently held by Sezigyn) and covers roughly 7000 sq km within the Orange Sub-basin. Water depth range between 2,200 m and 3,300 m.  OK Energy is currently the sole participant in the licence. The post completion interests are not known however, local sources mentioned that OK Energy will hold an interest.
As reported in late May 2019, OK Energy Ltd (OK Energy) has entered into an agreement with Shell South Africa Upstream B.V. (Shell) for an unspecified interest in OK Energyâs OK Energy 3 block (unofficial name). Local sources have indicated that Kosmos Energy will also take a stake in the licence. Very little information is currently available, but sources suggested that the deal is near to completion and is awaiting ministerial approval. 