Namibia has ambitious plans to become a major oil producer in Africa by 2035, potentially surpassing Egypt in output.
Namibia has ambitions to become one of the largest oil producers in Africa by 2035, with an average output of half a million barrels daily, displacing Egypt in the top five list, a government official has said.
Chevron, Portugal's Galp, and Rhino Resources are also exploring for oil in the country's Orange Basin. Earlier reports pegged the country’s oil and gas production capacity at 700,000 bpd as of 2030—the year that commercial production should begin. Two discoveries in particular could transform the country into not only a new oil producer but a major one, as they are estimated to contain billions of barrels in oil and gas.
Oil Africa Production Shell Totalenergies Discoveries Reserves Graff Venus
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