Namibia also benefits from advantageous fiscal terms
14 July 2022
Namibian frontier continues to generate excitement
A range of factors appear to be in alignment for the southern African nation
Namibia has become the exploration hot spot of Africa, if not the world, over the last 6-8 months, says Siva Prasad, senior analyst at consultancy Rystad Energy, following the back-to-back successes of TotalEnergies’ Venus and Shell’s Graff discoveries. “Namibia is still considered underexplored in most of its blocks,” Prasad continues, and there are “increased reports of operators with plans to sink exploration wells in the next few months”. These include AIM-listed Eco Atlantic, which Rystad expects to drill its Osprey prospect in the next 12-15 months, as and when funding is secured. Portugal’s Galp will drill another prospect near Graff, says Prasad, while Shell is evaluating a wildcat a
Also in this section
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
16 July 2025
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
15 July 2025
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
15 July 2025
A brutally honest picture about the potential role of oil and gas in 2050 should prompt policymakers to not only reflect but also change course to meet vital energy needs
