QatarEnergy shared new oil discovery results from the Merlin-1X well offshore Namibia this week. The well sits inside Petroleum Exploration License 39, a block in the Orange Basin. Engineers found good reservoir quality, light oil, and limited associated gas at the site. These early signs point to the strongest subsurface results recorded under this license yet. For energy markets, this result reshapes how you read Namibia’s oil exploration prospects today.
What is the Merlin-1X well found in Namibia
Merlin-1X became the tenth well drilled under this license since the program began here. The well started drilling in April 2026 and reached the deeper Coniacian rock play. Light oil with limited gas signals a cleaner, more valuable target for future development. Shell operates the block and shares ownership with QatarEnergy and the state firm NAMCOR. QatarEnergy holds a 45 percent stake, while Shell holds 45 percent and NAMCOR takes 10. Eugene Okpere, a senior Shell executive, welcomed the results, adding fresh insight into the basin. He said the team follows a disciplined, data-led approach to test real commercial value. Okpere even called the outcome “encouraging” for the broader Orange Basin Namibia exploration effort.
QatarEnergy shared a new oil discovery as Orange Basin hopes grow
When QatarEnergy shared new oil discovery details, attention turned to the basin’s rising potential. This new find follows Graff-1, Venus-1X, and Jonker-1X, three earlier wins in the region. Analysts now compare the Orange Basin to the early oil success seen in Guyana waters. Reported resources across the basin now run into billions of barrels, analysts estimate today. Deep water defines this offshore Namibia oil zone, with depths reaching nearly 3,000 meters. Such depth raises drilling costs, yet strong reservoir quality can offset some of those risks. Supermajors keep moving into the region as fresh results lift overall confidence each year. As I see it, this run of finds turns Namibia into a serious oil contender.
What this result means for you
QatarEnergy shared new oil discovery news while building a wide position across Namibia’s offshore acreage. The company holds stakes in PEL 0039, PEL 0056, PEL 0091, and PEL 0090. Those four licenses together cover close to 34,000 square kilometers of seabed off Namibia. PEL 0039 carries its largest stake and has produced the strongest results so far. Shell plans more drilling in PEL 0039 later in 2026 under a broader appraisal campaign. For you as a reader, these steps signal real momentum behind Namibia’s oil exploration. Commercial output still depends on appraisal wells, drilling costs, and final investment decisions ahead. QatarEnergy has not yet released a public resource estimate for the Merlin-1X exploration well. Investors will watch the next wells before judging the full scale of this find.
The QatarEnergy oil discovery at Merlin-1X strengthens the case for more deep offshore work. Namibia stands to gain jobs, revenue, and a stronger role in global energy supply. Your view of African oil supply should now include this fast-growing Orange Basin story. When QatarEnergy shared new oil discovery results, it added weight to a growing trend. The coming months will test whether these barrels reach real and profitable production levels. For now, the well counts as a clear win for QatarEnergy and Shell together. Watching the next drilling phase will tell you how large this prize truly becomes.




