Shell Secures Major Stake in South Africas Orange Basin: A Strategic Move in Offshore ExplorationShell has been given the green light to acquire a sixty percent operating stake in Block Two C, a significant area in South Africas Orange Basin, known for its growing importance in oil and gas exploration. This deal, if approved, would be Shells largest expansion in South African offshore territory.The Orange Basin, shared between South Africa and Namibia, has seen recent successful discoveries by companies like TotalEnergies and Shell in Namibia. Under the proposed agreement, Shell would pay a twenty-five million dollar signing bonus and fund an exploration program worth between one hundred thirty-five and one hundred fifty million dollars, covering the costs for three wells.PetroSA, currently owning one hundred percent of Block Two C, needs approval from the Petroleum Agency of South Africa for the transfer of interest. Shell, citing commercial sensitivities, has not commented on the deals specifics, but has expressed interest in growing its business. PetroSA has not yet responded to requests for comment.This deal comes as Shell aims to increase its exploration efforts along South Africas western coast, despite legal challenges and delays from environmental groups.

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