Why is Namibia launching a new oil & gas industry?
Namibia made its second important discovery in recent weeks, setting up its oil and gas industry to create an influx of new investment, and local content opportunities for the country.
What is the plan for the Namibian government & international oil companies?
The plan for the Namibian government, the International Oil Companies and our partners is to accelerate development of these discoveries and to see first oil in Namibia. We have commenced appraisal work on the Graff-1 and Venus-1 discoveries and the initial results have been very encouraging.
Will Chevron & Exxon Mobil drill in Namibia in 2025?
U.S. oil major Chevron (CVX.N) is expected to begin exploration in Namibia later this year, with Exxon Mobil (XOM.N) aiming to follow in 2025, commissioner Shino said. Moving onshore, Shino said there are plans for a multi-drilling campaign by Reconnaissance Energy Africa in the ecologically sensitive Okavango region.
Is Namibia ready for the offshore hydrocarbon market?
We have only scratched the surface of the hydrocarbon basin in Namibia. The offshore market is ready – and not just the Orange Basin. In terms of deep-water potential, the Lüderitz, Walvis and Namib Basins are highly prospective and share many characteristics of the Orange basin yet remain highly underexplored.