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There is no need to be too overly concered about corruption,...

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    There is no need to be too overly concered about corruption, crime and violence in Namibia for deep water offshore exploration, production

    Firstly, compared to most of the other states in Africa, Namibia is still in good shape.

    Yes it is true, there is corruption in Namibia. As I was told by friends who are from Namibia or lived in Namibia, one problem is that crime and violence is spilling over from South Africa to Namibia. After Nelson Mandela the South African politicians dropped the ball and allowed or even fueled crime and violence in South Africa and corruption became worse. This development in South Africa is infecting Namibia unfortunately as well to a certain degree. Gangs invade the houses of wealthier people, often with an European family background, and rob respectively kill them, often justifyed with a historical revange mentality.

    However this risk of corruption, crime and violence risk is negligible, when you are hundreds of miles offshore, in very deep water with very rough sea conditions. Only a very small fraternity of major oil companies like Shell, Total, Chevron can drill, operate and produce oil and gas in such a place. If an African dictator thinks he can challange and corner these majors, then these oil companies shut down their sub sea well heads in 3.000 m water depth and sail away with their Floating Production Storage Offloading (FPSO) vessels. Nobody else has the kow how, the technology, the resources to operate such deep water assets as in Namibia.

    This can be attested with many examples. Even Gazprom cannot operate and produce Sakhalin after Exxon and Shell as operators left the country. Another example: One of the worst, most corrupt, most dangerous and very risky places is Nigeria. This is true for the onshore fileds in the Niger delta where even pipelines are build to steal the oil and gas and people are killed within a second. But offshore in the deep water, far away from the coast, the majors like Shell, Chevron, Total still produce a lot of oil without problems.

    Last edited by huaneng: 18/01/24
 
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