en.Wedoany.com Reported - QatarEnergy has made an oil discovery at the Merlin-1X exploration well in Petroleum Exploration License 39 (PEL 39) offshore Namibia, stating that the well demonstrates good reservoir quality, light oil, and limited associated gas, marking the most promising subsurface result in PEL 39 to date.

Merlin-1X is the tenth well drilled in PEL 39, following three previous discoveries in the block. Namibia's Orange Basin has transformed in recent years from a frontier exploration area into a globally recognized oil-producing region, with consecutive discoveries by international operators fueling expectations that the country could become a major crude producer within the next decade.

QatarEnergy's Chief Executive Officer and Minister of Energy, Saad Sherida Al-Kaabi, expressed satisfaction with the discovery, noting that it follows three previous discovery announcements in Namibia. The company stated that this result further reinforces confidence in the Orange Basin as a world-class hydrocarbon province and supports its strategy of expanding its international upstream portfolio through high-impact exploration.

QatarEnergy did not disclose resource estimates for Merlin-1X but emphasized the reservoir quality and light crude oil. The discovery was made in partnership with Shell and the National Petroleum Corporation of Namibia. QatarEnergy holds interests in four offshore exploration licenses in Namibia, including a 45% stake in PEL 39, as well as interests in PEL 56, PEL 91, and PEL 90, collectively granting it exploration rights over approximately 34,000 square kilometers of offshore area.

The latest results add new evidence to the exploration potential of the Orange Basin, suggesting that the story of this region may still be in its early stages.

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