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 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
