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Interest grows in Africa’s oil and gas hotspot...
18 Sep, 2024 10:42 163 min read
Namibia’s upstream oil and gas sector has gained global attention due to major discoveries in the Orange Basin by Shell, TotalEnergies, and Galp since 2022. These discoveries, including the potentially massive Venus find, have transformed the country into an exploration hotspot. Commercial production is expected to begin by 2028, with oil output potentially reaching 1 million barrels per day by 2030. Namibia’s national oil company, NAMCOR, is positioning itself as a key player, expanding into sustainable energy sectors and attracting investment with favorable terms.... More