first oil refinery supplies jet fuel in Namibia

Namibia accelerates development towards first

  • first oil refinery supplies jet fuel in Namibia
  • first oil refinery supplies jet fuel in Namibia
  • first oil refinery supplies jet fuel in Namibia
  • first oil refinery supplies jet fuel in Namibia

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

National Oil Storage Facility NAMCOR

Commodities 2024: Namibia's nascent oil sector prepares

Unlocking Namibia’s Oil and Gas Potential

  • 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.
  • 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.
  • 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.
  • 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.

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