Namibia is reigniting hope around oil exploration
Fresh oil find stokes Namibian interest
The southern African nation continues to deliver exploration success
Namibia is starting to deliver on its immense promise and reigniting hope around oil exploration. The latest find has been made by joint venture partners Shell, state-owned QatarEnergy and Namibian NOC Namcor, which have discovered light oil at their Jonker-1X exploration well. Jonker is located in deep water, around 270km off the coast in blocks 2913A and 2914B of the Orange basin’s PEL39 licence area. Drilling started in December and ended in early March. PEL39 is the same block in which the Shell-led JV also made the Graff discovery, which helped spark the current wave of interest in Namibian prospects. “The encouraging results from the well are a geological testimony of the significant
Also in this section
4 April 2025
With extreme weather, refinery closures and geopolitical uncertainty reshaping supply and demand, traders must look beyond headline price movements to understand the actual state of the market
4 April 2025
The April 2025 issue of Petroleum Economist is out now!
4 April 2025
Renewed China tensions threaten island’s inflows of oil and gas from overseas
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
