QatarEnergy on 4 February announced an oil discovery in the deepwater PEL-29 license in the Orange Basin offshore Namibia. The block is held by Shell (45%op), QatarEnergy (45%) and National Petroleum Corporation of Namibia (10%). QatarEnergy says the partners have “successfully concluded drilling operations of the Graff-1 well establishing the presence of a working petroleum system with light oil. The partners will conduct analysis on the well data and further exploration activity to determine the full size and recoverable resource potential.” Whether the discovery will ultimately prove commercial is far from clear.