Namibia's Revival

27 April 2018

Namibia's revival
The majors are starting to take strategic offshore positions
A lack of commercial discoveries and 2014's oil price crash collapse meant that Namibia's elevation to an African frontier hotspot, following promising drilling results, was short-lived. But the country's upstream is finally gaining attention again from the majors and new drilling is planned for later this year.

The smaller players that were effectively marooned in Namibia during the sector's downturn without well-resourced partners certainly hope their time has come. "Independents like us and Impact Oil and Gas have been working really hard over the years," says AziNam's Usiku. "Right now, with the support of government and investors both old and new, we believe that this year will be the tipping point."

http://www.petroleum-economist.com/articles/upstream/exploration-production/2018/namibias-revival

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