big most output oil processing plant in namibia

   
big most output oil processing plant in namibia
                                               
                                               
                                               
                                               
  • big most output oil processing plant in namibia
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.

Which oil companies have drilled in Namibia?

UK-based Shell, which has drilled four exploration wells in the Atlantic Ocean off Namibia¡¯s southern coast since 2021, received approval in June to drill 10 more. This year France¡¯s TotalEnergies will spend $300mn ¡ª half of its global exploration budget ¡ª in the country.

Is Namibia a key oil exploration hub?

Namibia has emerged as a key oil exploration hub with major discoveries expected to yield 2.6 billion barrels. TotalEnergies and Shell lead discoveries in Orange Basin. Chevron, ENI-BP JV, and Galp advance exploration efforts. Namibia eyes first oil by 2030 from promising fields like Venus, set to revolutionize Southern Africa¡¯s energy landscape.

Could Venus make Namibia a major oil producer?

Although significantly smaller than Saudi Arabia¡¯s Ghawar field, the largest in the world, holding more than 60bn barrels, the development of Venus alone would make Namibia a major oil producer. Total has drilled an appraisal well on the Venus site and plans to run flow tests this month, with results expected in September.