Graff and Venus: game-changers for Namibia’s upstream industry?
Shell and TotalEnergies’ giant deepwater discoveries could be transformational
There's a new kid on the block in Sub-Saharan Africa’s upstream industry. After two successive giant offshore discoveries, Namibia is the hottest play in the region right now.
Shell struck first with its Graff discovery – its largest discovery in Sub-Saharan Africa since Bonga in 1996. TotalEnergies followed with its multi-billion barrel Venus find. It could prove to be Sub-Saharan Africa's biggest ever oil discovery.
So, what do these game-changing deepwater discoveries really mean for Namibia?
In a new video, Liam Yates, Juma Mlawa, Andrew Latham and Tom Ellacott use Wood Mackenzie Lens to explore:
- The evolving trend of African deepwater exploration
- The transformational potential of Graff and Venus
- The scale of the opportunity for Shell and TotalEnergies
- Current and projected production for the region
- And more.
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