From http://www.geotrack.com.au/studies/studies_base.htmOffshore...

From http://www.geotrack.com.au/studies/studies_base.htm

Offshore Namibia
The Offshore Namibia region is largely unexplored, with only six wells drilled outside the Kudu licence. However, many aspects of the geology of the region are favourable for hydrocarbon prospectivity, and the results from the Walvis Basin reveal a Late Tertiary heating pulse that has significantly enhanced maturity levels across the region. An explanation of heating in terms of deeper burial seems most likely, although other explanations may be possible. Results from the Orange Basin, around the Kudu field, show a simpler thermal history in this region, and suggest that in this region all units are presently at their maximum burial depths. Overall, the results of this study suggest considerable potential for oil generation across much of the offshore Namibia region, in contrast to the previously prevailing opinion of this region as largely gas-prone.