Sebastião Gaspar Martins, chairman of Sonangol, talks to The Energy Year about how the company is navigating the Covid-19 and oil price dual crisis and its efforts to…
READ MORENamibia
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
Angola is working hard to increase its power generation capacity by boosting hydro and solar energy.
READ MOREChevron has signed a deal with Namibia's NAMCOR to develop an offshore block in the Walvis Basin.
READ MOREDomingos Augusto of Sonamet talks about how the company will successfully deliver on the Agogo project.
READ MORECanadian exploration player Sintana Energy has expanded in Namibia’s Orange Basin with a new deal.
READ MOREHalliburton has won a deepwater integrated multi-well construction contract in Namibia from Rhino Resources.
READ MOREGalp Energia has confirmed more than 10 billion barrels of oil equivalent at the Mopane discovery offshore Namibia.
READ MOREThe Angolan and Namibian governments have agreed to conduct studies on interconnecting the countries’ electricity systems, local media reported Monday.
Angolan…
READ MOREExxonMobil has agreed to acquire a 30% stake in the PEL 44 licence offshore Namibia, seller Azinam announced on Tuesday.
“I’m thrilled that ExxonMobil is joining…
READ MORENamibia and Angola are working to connect their power systems to support industrial development, Namibian President President Hage Geingob said Thursday.
“This is…
READ MOREWärtsilä has signed a deal to supply the generation equipment for three new power plants being constructed in Angola, the company announced Monday.
China’s…
READ MOREIndia’s ONGC cancelled two production enhancement contracts with Schlumberger and Halliburton after the Ministry of Petroleum and Natural Gas objected that they were…
READ MORETOGY speaks to David Borde, managing director of PetroCom Technologies, about the “perceived” gas shortage in the country. PetroCom Technologies is a technological…
READ MOREFloating production services provider BW Offshore on Friday secured a co-operation agreement with an Industrial and Commercial Bank of China (ICBC) unit for the…
READ MORETOGY talks to Ruben Monteiro da Costa, the CEO of Sonagás, about gas discoveries in the country, the future of consumption, potential for gas sales to neighbouring…
READ MORENorway’s BW Offshore announced its fourth quarter and full-year results on Tuesday, saying totals had been driven down by impairment losses of some USD 222.6 million…
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