Namibia has emerged as one of the world’s most promising frontier oil and gas markets, with multi-billion-barrel discoveries positioning the country for first production by 2030. Yet moving from discovery to commercial production requires more than resource potential. It requires an investment framework that provides fiscal certainty, reduces execution risk and enables long-term capital deployment […]
Namibia has approved Eco Atlantic’s sale of an 85% stake in offshore exploration license PEL 98 to locally owned Lambda Energy. The transaction is part of Eco Atlantic’s strategy to focus on deeper-water assets with greater exploration potential. The approval reflects faster regulatory processing as Namibia seeks to support investment in its fast-growing offshore oil […]
Rhino Resources has confirmed a connected oil-bearing reservoir at the Capricornus discovery offshore Namibia, advancing the appraisal of the field and providing further evidence of reservoir continuity across the accumulation, the company said on Tuesday. The Capricornus-1A appraisal well was drilled on Block 2914 in the Orange Basin and intersected a gross reservoir interval of […]
Eco Atlantic Oil & Gas has received ministerial approval from Namibia’s Ministry of Industries, Mines and Energy for the farm-out of its 85% participating interest in offshore Petroleum Exploration Licence (PEL) 98 to Namibian-owned Lamda Energy, clearing the final government approval required for the transaction. The approval satisfies Section 11 requirements under Namibia’s Petroleum (Exploration and Production) Act. […]
London-based Tower Resources has received final approval from the Namibia Ministry of Industries, Mines and Energy to complete the farm-out of the PEL96 offshore licence to Prime Global Energies, Tower Resources announced on Thursday.
ReconAfrica and its partners, NAMCOR and BW Energy, have begun production testing operations at the Kavango West 1X (KW1X) discovery in Namibia, marking a key step toward evaluating the commercial potential of the Damara Fold Belt play.
Impact Oil and Gas announced on Monday it will separate its Namibian exploration and development business from its South African exploration portfolio in a corporate reorganisation backed by principal shareholders Deepkloof and Meren Energy.
Namibia is accelerating petroleum sector reforms as it moves closer to first oil, with policymakers seeking to strengthen the regulatory framework and sustain investor confidence amid rising offshore activity.
Eco (Atlantic) Oil & Gas has signed an agreement to farm down a 60% participating interest in its offshore Namibia portfolio to bp, transferring operatorship across three exploration licenses in the Walvis basin.
Oregen Energy has signed a letter of intent to evaluate an equity investment in Petrovena Energy and grow its footprint in Namibia’s Orange Basin, Oregen announced on Tuesday.