Namibia oil boom. 8 hours ago · BP confirms a significant oil and gas discovery in Namibia's Orange Basin, marking a key success for Azule Energy partners and highlighting the region's growing potential. The energy industry’s attention was piqued in 2022 when Shell and TotalEnergies announced major light oil and natural gas discoveries in the Graff and Jonker fields. To support long-term prosperity, however, it is May 22, 2024 · Exploration boom Given this position, Alweendo has called on African countries to establish attractive environments for oil and gas investors. What's gone wrong for oil and gas offshore Namibia? Well, nothing yet! All exploration comes with ups and downs, discoveries and dry holes. Oct 4, 2025 · The Jonker-1X oil discovery, made by Shell, QatarEnergy, and NAMCOR, is not just another oil find—it is a geopolitical and economic turning point. Mar 25, 2024 · Huge oil discoveries in the deep coastal waters off Namibia over the last two years are generating a wave of energy investor interest in the country’s hydrocarbon reserves – the recent finds potentially turning it into one of Africa’s top petroleum producers in the coming years. In 2022, major oil companies made an announcement that sent ripples across the global energy markets: Namibia had struck oil, with an estimated value of $11 […] Jun 27, 2024 · Namibia's recent oil discoveries, particularly Galp's Mopane find, have sparked a surge in interest from major oil companies, with potential reserves rivaling Guyana's. 20 hours ago · Custos and the Orange Basin boom As Namibia’s offshore story reignited with the discovery of oil by Shell (Graff and Jonker) and TotalEnergies (Venus) in 2022, Custos Energy began to feature prominently in the new joint ventures taking shape in the Orange Basin. There have been discoveries Aug 29, 2025 · Rhino operates the block with Azule, NAMCOR, and Korres; success could fast-track development and shape Namibia's oil future. With an estimated 11 billion barrels of oil reserves confirmed so far, the southern African state could be on Apr 19, 2022 · Namibia has emerged as a continental energy hub owing to increased activities in oil and gas exploration as the government seeks to leverage its hydrocarbon reserves to address energy poverty whilst boosting the economy. 6 billion (approx. The outcome of Rhino Resources Ltd. This region conti Jan 24, 2025 · Namibia, a country known for its vast deserts, rich wildlife, and breathtaking landscapes, has recently become the focal point of global attention following the discovery of significant oil reserves. Jan 5, 2025 · Revisit the remarkable story of Namibia's offshore oil exploration, where a staggering 88% success rate has shattered industry norms. Nov 7, 2024 · International companies and the government of Namibia had high hopes only months ago they could quickly cash in on offshore discoveries and turn the country they saw as the world's last frontier Aug 23, 2023 · There are high hopes around Namibia’s oil and gas potential, with many expecting a boom in the southern African state within the coming decade. To dissect this burgeoning sector, the African Energy Chamber (AEC), in partnership with Namibia’s Ministry of Mines and Energy and Wood Mackenzie, will host a Sep 12, 2025 · Namibia is one of the world’s most significant oil frontiers, with estimated offshore reserves of 20 billion barrels and a remarkable success rate, similar to the scale of discoveries that have transformed Guyana’s oil resources in the last decade. Jun 30, 2023 · Article from Business Express On the back of major oil and gas discoveries in recent years, Namibia’s upstream oil and gas sector is on the precipice of rapid transformation. 6 billion barrels, with production in the southern African country expected from about 2030. Jun 21, 2024 · Source: Reuters Namibia has become an oil exploration hotspot after several discoveries in recent years along its coast. . 6 days ago · Namibia’s upstream oil and gas sector has garnered significant interest recently, particularly in the Orange Basin off the west coast. US$655 million) in the fourth quarter of 2024, according to the Bank of Namibia (BoN). With Shell, TotalEnergies, Mar 21, 2025 · On Verge of Oil Boom, Namibia Swears in First Female President Netumbo Nandi-Ndaitwah was sworn in as Namibia’s first female president as the southwest African nation prepares for an anticipated oil and gas boom. And, while Guyana’s reserves are spread across 30 discoveries, Namibia’s are — so far —concentrated in just four major finds. This discovery confirms that Namibia is not only an oil frontier but a serious emerging player in the global energy market. Indeed, this is what Namibia has been trying to achieve since the recent string of oil discoveries began in 2022, having overhauled its licensing framework in a bid to address a backlog of applications. Significant discoveries made in the southern African country’s Orange Basin in 2022 and 2023 – which include the Graff-1, Venus-1, and Jonker-1X exploration projects –, compounded Mar 22, 2024 · Mitigating risk amid Namibia’s oil boom Namibia has acquired some extractive industry expertise but the scale of investor interest in hydrocarbons means it needs to move quickly to develop bureaucratic capacity and institutional knowledge. Jun 29, 2023 · Recent discoveries of oil and gas in Namibia’s on- and offshore acreages suggest that the country will become a major hydrocarbons player in Africa. Chevron, ENI-BP JV, and Galp advance exploration efforts. ’s Volans-1X exploration well, now at target depth in offshore block PEL 85, is expected within the next four to six weeks. Mar 7, 2025 · The global energy industry’s spotlight is firmly fixed on Namibia, a nation rapidly emerging as Africa’s premier exploration hotspot. Jun 24, 2025 · Namibia is now at the centre of a reawakening of continental energy. Jun 3, 2025 · In recent years, Namibia has become one of Africa’s most sought-after destinations for oil and gas exploration. With major oil and gas discoveries in the Orange Basin, and a 40-well drilling campaign set to begin in 2027, the country has an opportunity to redefine its economic landscape. The turning point came in 2022, when two significant offshore oil discoveries by Shell and TotalEnergies in the Orange Basin revealed multi-billion-barrel reserves, sparking global interest. May 14, 2025 · Source: Julien Karambua, Country Manager at Workforce Staffing Namibia Namibia is well positioned for significant growth and transformation. The 72-year-old took the Jul 18, 2024 · The French oil giant, along with London-based Shell Plc and Portugal’s Galp Energia SGPS SA, has made big discoveries beneath the Atlantic Ocean about 180 miles offshore Namibia. Jun 21, 2024 · Namibia has become an oil exploration hotspot after several discoveries in recent years along its coast. Favourable geology, supportive government policies and an investor-friendly environment have attracted a growing number of heavyweight international oil companies (IOCs) eager to tap into the country’s rich offshore reserves. It has not yet produced any oil or gas, but oil majors such as TotalEnergies and Shell have made discoveries estimated at 2. Apr 4, 2025 · Orange Basin oil boom pushes Namibia’s FDI to $655 million in Q4 2024 Namibia’s growing profile as a frontier oil destination continues to attract robust investor interest, with foreign direct investment (FDI) surging to N$12. bp has made eleven exploration discoveries this year across several basins, including the Far South discovery in the Gulf of America and well Sep 9, 2025 · Namibia is one of the world’s most significant oil frontiers, with estimated offshore reserves of 20 billion barrels and a remarkable success rate, similar to the scale of discoveries that have transformed Guyana’s oil resources in the last decade. 6 billion barrels. Orange basin boomNambia’s energy boom is Dec 10, 2024 · Deepwater oil exploration is experiencing a resurgence driven by major discoveries in Guyana and Namibia, attracting Big Oil investment despite concerns about peak oil demand. May 13, 2025 · Namibia expects final investment decisions from TotalEnergies and BW Energy on offshore oil projects in late 2026, potentially marking the country’s first ever offshore field developments. 20 hours ago · The Volans-1X well marks the third significant hydrocarbon discovery in 2025 for Azule Energy partners, following the Capricornus-1X light oil find in Namibia and the Gajajeira-01 gas discovery in Angola. Jun 24, 2024 · Namibia has emerged as a key oil exploration hub with major discoveries expected to yield 2. Mar 21, 2025 · WINDHOEK – Ms Netumbo Nandi-Ndaitwah was sworn in as Namibia’s first female president as the south-west African nation prepares for an anticipated oil and gas boom. The Big Four May 20, 2025 · Namibia has attracted all sorts of players to its oil and gas industry – the scandalous, the unknown, and even those reported to have pushed bribes in other countries. Namibia eyes first oil by 2030 from promising fields like Venus, set to Oct 28, 2024 · Namibia’s Oil Boom: A New Wave of Drilling Andrew Maramwidze October 28, 2024 News, Oil Comments Off 1,661 Views A flurry of exploration activity is set to kick off in Namibia’s offshore waters, with the arrival of the drilling rig Santorini signalling the start of a new wave of oil exploration. TotalEnergies and Shell lead discoveries in Orange Basin. bvvjn zq noryqdu jj g30 z07boe 4qwv8v ombxt5m ie rnc