Will Namibia’s offshore oil play turn into another large source of oil?
It is too early to tell whether the Namibian offshore oil play will turn into another large source of oil. But early indications suggest large finds in the hundreds of millions of barrels of recoverable oil, at least. Inevitably, the successes of Total, Shell and Galp will encourage large oil companies to direct more investment into exploration.
Where is Soya Bean produced in South Africa?
Initially, soya bean production was limited to Bapsfontein and the northerly Lowveld areas, but gradually it became important in rotation with wheat in irrigation areas. Soya bean production in South Africa currently ranges from 450 000 to 500 000 tons per annum at an average yield of 2, 5 to 3 t/ha under dry-land conditions.
Why are oil companies flocking to Namibia?
Our Standards: The Thomson Reuters Trust Principles. Oil companies are flocking to Namibia, excited by the country’s plans to open up a major new frontier basin with recent offshore finds ranking among the largest this century.
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.