Namibia has ambitions to become one of the largest oil producers in Africa by 2035, with an average output of half a million barrels daily, displacing Egypt in the top five list, a government official has said. “With four floating production storage and offloading units deployed by 2035, we could …
Read More »OPEC would Open Arms to Namibia, Encourages Investors to Consider
OPEC Secretary General Haitham Al Ghais said in a statement on Wednesday that the group is looking forward to the prospect of a partnership with Namibia, the hottest new oil frontier after Guyana, with new discoveries lining up and first production of 2.6 billion barrels planned for 2030. “We are …
Read More »Will Namibia become OPEC’s Newest Member?
Namibia wants to join OPEC as it prepares to reap the benefits of its crude oil resources, with daily production capacity seen at an impressive 700,000 bpd in 2030—the first year of production per current plans. OPEC, it seems, will be only too happy to welcome it in the fold. …
Read More »Namibia’s Oil and Gas Sector Sparks Global Investment Rush
Namibia could see an oil boom thanks to several major discoveries that suggest there could be more oil yet to come. An influx of foreign investment has helped Namibia to begin exploring its oil and gas potential, and it looks like it may be quickly paying off with several new …
Read More »Namibia Oil Discoveries are Estimated at Billions of Barrels
Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation’s mines and energy minister said on Friday. Both companies announced earlier this year that they had made “significant” discoveries offshore Namibia, and are currently making assessments. …
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