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- How do oil companies work in Namibia?
- The Namibian government through the Ministry of Mines and Energy facilitates a privately run downstream oil business. At the moment there are five oil companies involved in the marketing of petroleum products in Namibia:
- How long does it take to start oil production in Namibia?
- Oil discoveries by TotalEnergies and Shell off the coast of Namibia could start production in four years, Namibia Energy Minister Tom Alweendo said at a conference in Dakar on Thursday. Alweendo added that Namibia had agreed with the companies that they should start production as fast as possible.
- 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 — half of its global exploration budget — in the country.
- How much oil is there in Namibia?
- The Namibian government says there could be more than 160 billion barrels of original oil in place in total, with mean prospective resources of over 42.6 billion barrels of oil, and more than 125 trillion cubic feet of prospective gas resources.
