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  • large crude sesame oil refined system in namibia
How much oil will Namibia produce by 2035?

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. The crude discovered offshore Namibia is light oil. The new oil frontier is already drawing investment away from mature West African basins.

Why are oil companies flocking to Namibia?

Our Standards: The Thomson Reuters Trust Principles. Oil companies are flocking to Namibia, excited by the country's plans to open up a major new frontier basin with recent offshore finds ranking among the largest this century.

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.

Who owns the oil in Namibia?

Total owns a 40% working interest, while QatarEnergy, Impact Oil and Gas and Namcor have stakes of 30%, 20% and 10%, respectively. Block 2913B, located in the Orange Basin, contains the Venus 1-X well, where by the end of 2025, TotalEnergies aims to approve its first oil development in Namibia.