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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
