(3 minutes read)
Namibia anticipates oil production from its major offshore finds by 2030. The country considering a Floating Production Storage and Offloading (FPSO) platform, then exporting the crude to the international market, stated Namibian Petroleum Commissioner Maggy Shino at an oil conference in Cape Town, South Africa.
Namibia anticipates oil production from its major offshore finds by 2030. The country considering a Floating Production Storage and Offloading (FPSO) platform, then exporting the crude to the international market, stated Namibian Petroleum Commissioner Maggy Shino at an oil conference in Cape Town, South Africa. Namibia, which has yet to produce any oil and gas, has attracted strong interest from international energy companies after Shell and TotalEnergies made discoveries off the coast of the southern African country.
Shell, which is conducting appraisal work on PEL-39 to determine the commercial viability of the hydrocarbon, also cautioned that the first oil from its discovery in Namibia is unlikely before 2030.TotalEnergies last month announced positive results from its Venus-1A appraisal well, situated in Block 2913B, approximately 13 km north of the Venus-1X discovery well. The French energy giant is presently conducting a multi-well appraisal and exploration drilling program in Namibia, utilising two rigs.
Read Also:
https://trendsnafrica.com/largest-ever-deep-offshore-discovery-for-totalenergies-in-namibia/
https://trendsnafrica.com/galp-to-start-drilling-in-namibias-orange-basin-by-end-of-2023/
Namibia’s recent oil discoveries, according to government forecasts, have the potential to position the country among the top 15 oil-producing nations by 2035, with employment for 4,200 people expected to be created. Research shows that Namibia could register a GDP of USD 37 billion at peak production level from the country’s newly discovered oil reserves.
