Norway's BW Energy plans a drilling campaign at its Kudu gas discovery off Namibia and will seek new partners in the project.
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Namibia's Energy Industry In Figures
Estimated oil reserves in the Orange Basin:11 billion barrels
Estimated gas reserves in the Orange Basin:62.3 bcm
Installed solar PV capacity as of end-2022: 176 MW
Share of power generation that comes from hydropower:61.3%
Namibia’s electricity generation mix is dominated by hydropower, which made up 61.3% as of 2021. Its chief asset is the 347-MW Ruacana hydropower plant, and a second plant, the Baynes Hydropower Project on the Kunene River, is under evaluation.
Around 60% of the country’s electricity demand is imported from neighbouring South Africa. In order to improve self-sufficiency, the government in recent years has taken steps to make the power generation sector more attractive for independent producers, including the horizontal integration of over 70 players into five regional distribution companies.
As of end-2022, Namibia’s installed solar PV capacity stood at 176 MW.
Namibia’s oil and gas sector is attracting worldwide attention following discoveries in the offshore Orange Basin in 2022 and 2023. The basin is estimated to hold 11 billion barrels of light oil and 62.3 bcm (2.2 tcf) of natural gas. Supermajors TotalEnergies, Chevron, Shell and ExxonMobil are present in the country.
The country’s national integrated oil and gas company is NAMCOR, whose mission is to attract investment by providing world-class data and value for stakeholders. The US International Trade Administration projects that Namibia’s hydrocarbons developments could double its GDP by 2040.
Policymakers in Namibia have expressed an interest in developing nuclear power generation. The country’s uranium reserves are among the world’s top 10.
Namibia's Energy Industry News and Articles
PGS has won a "large" 3D seismic campaign in the South Atlantic Margin for a multi-client company.
READ MOREJacinto Rocha of the National Mineral Resources Agency talks about investment in Angola’s mining sector.
READ MOREAfrica Oil has made a bid to boost its shares in Impact Oil & Gas, a partner of TotalEnergies in the giant Venus discovery off Namibia.
READ MOREGalp Energia has announced the successful drilling of its second well offshore Namibia, boosting share prices by around 7%.
READ MOREAlfredo Fortunato of Certex Angola talks about how Angola’s upstream activity has impacted operations.
READ MORETotalEnergies has agreed to create a new joint venture that will own the Tungsten Explorer drillship.
READ MOREGalp Energia has hit a second significant oil find at on the offshore PEL 83 block in Namibia.
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