Namibia expects explorers to drill up to five wells in 2016

WINDHOEK, Namibia (Bloomberg) -- Namibia sees as many as five oil exploration wells being drilled in 2016 as companies searching for deposits off the southwest African coast are undeterred by 19 dry wells. Tullow Oil Plc and Royal Dutch Shell Plc, which has two exploration blocks in the Orange River basin, will probably sink wells in 2016, Namibia’s Petroleum Commissioner Immanuel Mulunga said. Murphy Oil Corp. may drill toward the end of 2015 or early 2016, he said. The basin is off the country’s southern coast.

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