Namibia news – oil press oil press market

Namibia’s oil industry set for major growth by 2025

  • Namibia news – oil press oil press market
  • Namibia news – oil press oil press market
  • Namibia news – oil press oil press market
  • Namibia news – oil press oil press market

Big Oil’s success in Namibia will push others to

Oil Majors Flock to Namibia as Exploration Reveals Massive

Namibia prepares to become global hotspot

Commodities 2024: Namibia's nascent oil sector prepares

  • What is the plan for the Namibian government & international oil companies?
  • The plan for the Namibian government, the International Oil Companies and our partners is to accelerate development of these discoveries and to see first oil in Namibia. We have commenced appraisal work on the Graff-1 and Venus-1 discoveries and the initial results have been very encouraging.
  • Will Namibia become a crude oil exporter in the early 2030s?
  • He noted that concerted efforts to conclude appraisal and shift the gear to development have brought to the fore the reality that Namibia could find itself as an exporter of crude oil in the early 2030s when several projects reach their production peaks.
  • Will Namibia's offshore oil play turn into another large source of oil?
  • It is too early to tell whether the Namibian offshore oil play will turn into another large source of oil. But early indications suggest large finds in the hundreds of millions of barrels of recoverable oil, at least. Inevitably, the successes of Total, Shell and Galp will encourage large oil companies to direct more investment into exploration.
  • When will Namibia get its first oil?
  • According to S&P Global forecasts, Namibia will see first oil in 2029 from Venus and 2030 from Graff, while BW Energy's Kudu gas field will come online in 2028. The trio will take Namibia's production to 381,360 b/d by 2035, higher than OPEC members Republic of Congo and Gabon. Other projects, including Jonker, would boost that number further.

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