Will Chevron & Exxon Mobil drill in Namibia in 2025?
U.S. oil major Chevron (CVX.N) is expected to begin exploration in Namibia later this year, with Exxon Mobil (XOM.N) aiming to follow in 2025, commissioner Shino said. Moving onshore, Shino said there are plans for a multi-drilling campaign by Reconnaissance Energy Africa in the ecologically sensitive Okavango region.
Why are oil companies flocking to Namibia?
Our Standards: The Thomson Reuters Trust Principles. Oil companies are flocking to Namibia, excited by the country’s plans to open up a major new frontier basin with recent offshore finds ranking among the largest this century.
Will Woodside drill in Pel 87 offshore Namibia?
Woodside is evaluating data before committing to drill in PEL 87 offshore Namibia and expects to make a decision by June or July, he said on the sidelines of an energy conference. Energy Minister Tom Alweendo said any clean energy shift should factor in Namibia’s goals and priorities as it also strives towards net zero carbon emissions.
Why is Namibia a hotspot for oil & gas exploration?
Namibia, which has yet to produce any oil or gas, has become an exploration hotspot after offshore discoveries by TotalEnergies and Shell (SHEL.L), and wants to accelerate the milestone of the country’s first output.