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
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
