The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s underexplored development potential across on- and offshore basins, along with the success of exploratory drilling to date.
The National Petroleum Corporation of Namibia (NAMCOR) led a strategic workshop on Tuesday at the Namibia International Energy Conference (NIEC) 2023 in Windhoek, under the theme, “Understanding Namibia’s Onshore and Offshore Hydrocarbon Potential.” Moderated by ReconAfrica’s Head of Communication and Stakeholder Relations, Mwanyengwa Ndapewoshali Shapwanale, the session spoke to the size and scope of Namibia’s on- and offshore prospects, as the country emerges as the region’s leading exploration hotspot.
“We have deepwater plates that have been realized in Namibia, and we see them expanding throughout the entire Orange Basin,” began Victoria Sibeya, NAMCOR’s Exploration Upstream Executive, while providing a geological analysis of Namibia’s offshore reservoirs. “We have confidence in the data that we have, and are continuously improving our geological models.”
NAMCOR’s Principal Geologist, Alina Narubes, presented an overview of Namibia’s onshore prospects, identifying over 35,000㎢ of underexplored development potential in the Namibian wilderness.
“Currently, in the NAMA Basin, we have one active license and several being negotiated with the Ministry,” said Narubes, who provided a full summary of Namibia’s onshore 2D and 3D seismic imaging efforts across several potential development basins.
Deputy Vice-Chair for the Namibia Petroleum Operators Association, Martin Negonga, elaborated further on the initial successes of exploratory drilling in the country, which has yielded three commercial offshore oil discoveries in the past year by operators Shell and TotalEnergies.
“In terms of drilling, it will still pick up. However, it is good to see discoveries happening early as opposed to drilling 300 dry wells before success,” said Negonga.
NAMCOR’s Chief Geologist, Anthony Chatu, concluded with a summary of existing and available licenses and invited new stakeholders to partner with Namibia in its exploration efforts.
“A number of companies are operating on different licenses… NAMCOR operates its own licenses while participating in 95% of all licenses, with five exploratory licenses presently open. We are looking for new partners,” said Chatu.