Related Articles
Venus 1 is seen as paving the way for further projects
Forward article link
Share PDF with colleagues

Namibia's upstream defies downturn

Large-scale, deepwater prospects continue to draw deep-pocketed investors

Namibia continues to attract fresh E&P activity, particularly from oil majors, in contrast to much of the rest of sub-Saharan Africa. But the recent withdrawal of UK-based producer Serica Energy shows the country has not been entirely shielded from the recent decline in investor appetite. Total continues to advance its sizeable Venus 1 (Block 2913B) prospect off the Namibian coast, where exploratory drilling is due to start in the third quarter of this year, according to minority stakeholder Africa-focused Impact Oil & Gas. Q3 2021 – Venus 1 due to spud Venus 1 is seen as a field which—if successful—could clear the path to development for other Namibian blocks. Canadi



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beijing strives to balance security and decarbonisation
15 October 2021
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
Occidental exits Ghana
15 October 2021
The US super-indie is divesting its assets in the country
Gran Tierra cranks up the gears
14 October 2021
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video