QatarEnergy Adds Another Oil Discovery to Namibia's Hot Streak

QatarEnergy has struck oil again offshore Namibia, adding another discovery to what is becoming one of the most impressive exploration runs in the industry.

The company announced that its Merlin-1X exploration well in Petroleum Exploration License 39 (PEL 39) encountered oil with what it described as the most promising subsurface results seen so far in the license.

The well found good reservoir quality, light oil, and limited associated gas—three words exploration teams generally like seeing in the same sentence.

Merlin-1X is the tenth well…