When the results were negative, it was very difficult to make the case to the world that Namibia does have oil and gas accumulation. These discoveries are a testament to both patience and hard work, as well as the potential of the market.
Is Namibia ready for the offshore hydrocarbon market?
We have only scratched the surface of the hydrocarbon basin in Namibia. The offshore market is ready ? and not just the Orange Basin. In terms of deep-water potential, the Lüderitz, Walvis and Namib Basins are highly prospective and share many characteristics of the Orange basin yet remain highly underexplored.
Is there oil in Owambo & Nama?
Onshore, the Owambo and Nama basins are also underexplored, while exploratory drilling in the Kavango sub-basin has indicated the presence of an active petroleum system that could hold up to 30 billion barrels of oil.
Why is Namibia a good place for energy diversification?
In terms of energy diversification, Namibia is strategically positioned in that we have a wide range of energy resources, of which many countries can only dream.