Namibia’s frontier upstream sector gathers pace
Namibia’s upstream poised for growth
Discovery in the Orange basin confirms Namibia’s hydrocarbon potential, says the country’s NOC
Namibia’s frontier upstream sector continues to gather pace, following the discovery of oil in the offshore Orange basin. A joint venture comprising operator Shell (45pc), state firm QatarEnergy (45pc) and Namibia’s state-owned Namcor (10pc) discovered oil at the Graff-1 well in their PEL-39 licence area, “establishing the presence of a working petroleum system with light oil”, says QatarEnergy, adding they were “encouraged by the results”. Further exploration activity will follow to determine the size and recoverability of the reserves. “We hope that this discovery puts to rest doubts about the hydrocarbon potential of Namibia,” says Namcor managing director Immanuel Mulunga. Consultancy Fi
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
