Shell Upstream Boss Says Namibia Oil Exploration Flow Test Results Are Encouraging
Portfolio Pulse from Benzinga Newsdesk
Shell's upstream boss Wael Sawan said that the company's oil exploration flow test results in Namibia are encouraging. This could potentially lead to new oil discoveries for the company.
June 14, 2023 | 1:57 pm
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POSITIVE IMPACT
Shell's oil exploration flow test results in Namibia are encouraging, potentially leading to new oil discoveries and increased production.
The encouraging flow test results in Namibia indicate a potential for new oil discoveries for Shell. This could lead to increased production and revenues for the company, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100