BW Energy finds encouraging signs at Kharas well offshore Namibia

BW Energy said on Friday that preliminary results for its Kharas-1 appraisal well drilled in the Kudu licence offshore Namibia were encouraging, indicating the presence of hydrocarbons.

The results follow a string of discoveries by oil companies, including TotalEnergies, Shell and Galp, that have turned the small Southern African country into an exploration hotspot.