industry-facts-oil vietnam in Namibia

Big Oil’s success in Namibia will push others to

  • industry-facts-oil vietnam in Namibia
  • industry-facts-oil vietnam in Namibia
  • industry-facts-oil vietnam in Namibia
  • industry-facts-oil vietnam in Namibia

Oil can place Namibia among top producers

Namibia: Interest grows in Africa’s oil-and-gas hot-spot

Interview: Namibia accelerates Orange basin

Namibia oil discoveries are estimated at billions

  • How much oil does Namibia have?
  • According to Namibia’s National Petroleum Company NAMCOR, fields in Namibia’s offshore Orange Basin (where Total and Shell drilled multiple exploratory wells) hold 11 billion barrels of light oil and 2.2 trillion cubic feet of natural gas reserves.
  • Is Namibia on the verge of a historic oil boom?
  • Recent discoveries in the offshore Orange Basin suggest that Namibia is on the verge of a historic oil boom. The Government of Namibia is encouraging continued exploration, which could lead to the development of oil and gas fields, transportation, and storage of petroleum products, and eventually refinery construction and associated infrastructure.
  • 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.
  • What can Namibia do about oil & gas?
  • The Government of Namibia is encouraging continued exploration, which could lead to the development of oil and gas fields, transportation, and storage of petroleum products, and eventually refinery construction and associated infrastructure. The government also seeks industry-specific trainings and capacity building for the oil and gas sector.

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