Representing one of Africa’s final exploration frontiers, Namibia offered a comprehensive overview of its upstream exploration and green hydrogen production opportunities at the Invest in African Energy reception, hosted by the African Energy Chamber in London.
The emerging producer is uniquely implementing an integrated hydrocarbon strategy that seeks to achieve first oil, while prioritising the global energy transition and a diversified energy matrix, with two sister discoveries in 2022 positioning the country at the forefront of Africa’s upstream revival.
“The beauty of Namibia [is that it] will give you the opportunity of a lifetime,” opened Maggy Shino, petroleum commissioner of Namibia’s Ministry of Mines and Energy, during her presentation, delivered under the theme, Namibia: Beyond Venus and Graff.
Last February, both Shell and TotalEnergies and their joint venture partners led commercial discoveries of light oil in the Graff-1 well and Venus-1X wildcat well, respectively, with combined volumes of 835 mn barrels – with even more scope of increasing volumes to 1 bn barrels due to Venus’ prospectivity. Now, the Namibian Government is inviting new entrants to accelerate exploration of its Orange Basin – home to a proven working petroleum system with five wells committed to date – offering an open licensing regime and availability of high-quality data.
Read more here