Opec chief heading to Namibia
Haitham Al Ghais, secretary general of the Organisation of Petroleum Exporting Countries (Opec), will deliver an address at the Namibian International Energy Conference (NIEC) in Windhoek next month.Al Ghais will be joined by a delegation from Opec, who will lead technical discussions around the outlook for oil and the potential role Namibia plays in the global market.
The NIEC takes place from 23-25 April.
Multinational energy corporation, Galp, has made two discoveries at the Mopane-1X well this year, while TotalEnergies announced its second Orange Basin find, with hydrocarbon intervals revealed at the Mangetti-1X well this year.
Since 2022, Shell made discoveries at the Jonker-1; La Rona; and Graff-1 wells – expected to hold as much as 1.7 billion barrels in total – while drilling at the Lesedi-1 well in 2023 showed the presence of hydrocarbons.
Exploration
Going forward, exploration in both offshore and onshore basins is set to yield positive results, further underscoring the country’s position as a frontier contender.
Offshore, Galp has proceeded to spud the Mopane-2x well while energy major Chevron expects to spud its first well in PEL 90 in 2024.
Exploration and production companies are also making strides onshore. Independent oil and gas company ReconAfrica plans to start drilling in the Kavango Basin this year.
Correspondingly, exploration company 88 Energy plans to kickstart exploration in Namibia’s PEL 83 having recently acquired a 45% non-operated interest in the asset. – African Energy Chamber