Namibia also benefits from advantageous fiscal terms
14 July 2022
Namibian frontier continues to generate excitement
A range of factors appear to be in alignment for the southern African nation
Namibia has become the exploration hot spot of Africa, if not the world, over the last 6-8 months, says Siva Prasad, senior analyst at consultancy Rystad Energy, following the back-to-back successes of TotalEnergies’ Venus and Shell’s Graff discoveries. “Namibia is still considered underexplored in most of its blocks,” Prasad continues, and there are “increased reports of operators with plans to sink exploration wells in the next few months”. These include AIM-listed Eco Atlantic, which Rystad expects to drill its Osprey prospect in the next 12-15 months, as and when funding is secured. Portugal’s Galp will drill another prospect near Graff, says Prasad, while Shell is evaluating a wildcat a
Also in this section
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
