Country Report
Namibia upstream summary
Report summary
Namibia was beset by decades of unsuccessful drilling, but in 2022, emerged as a global exploration hot spot. A major new hydrocarbon province was proven in the Orange sub-basin, with two potentially multi-billion barrel ultra-deepwater oil and gas discoveries by Shell at Graff and TotalEnergies at Venus. Appraisal (and further exploration) followed almost immediately, with Shell announcing its second discovery at Jonker. Both Majors are continuing to drill offshore Namibia in 2023.The ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Majors and international NOCs
- Mid caps
- Smaller E&Ps and independents
-
Geology
- Introduction
-
Southwest African Coastal Basin
- Orange, Luderitz and Walvis sub-basins
- Orange sub-basin discoveries
- Kwanza Basin
- Kwanza Basin
- Namibe Basin
-
Angola Interior and Okavango Basins
- Etosha Basin and Nama Basin Complex
- Kalahari Basin
- Petroleum Play
-
Exploration
- Licensing
- Recent licensing activities
- Historical licensing activities
-
Drilling
- Drilling activity
- Success rates
- Reserves and resources
-
Production
- Oil/liquids
- Gas
-
Infrastructure
- Introduction
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
-
Key legislation
- The Model Petroleum Agreement, 2007
- Regulatory body
- State oil company
- State participation
- Licensing
-
Key legislation
-
Fiscal terms
- Current fiscal terms
-
Concessions
- State equity participation
- Bonuses, Rentals and Fees
- Indirect Taxes
- Contractor revenue entitlement
- Product pricing
- Royalty
- Corporate (or Petroleum) Income Tax
- Additional Profits Tax (APT)
- Decommissioning fund
- Dividend Withholding Tax
- Other Taxes
- Fiscal/Contractual Ring-Fences
Tables and charts
This report includes 17 images and tables including:
- Key facts: Table 1
- Location maps: Image 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Net Acreage 2024
- Reserves and contingent resources at 01/01/2024
- Offshore and Onshore Basins Map
- Namibia licence map
- Blocks Awarded
- Production: Table 1
- Liquid Production
- East Graben Province Stratigraphic Column
- Drilling Activity by Well Type
- Drilling Activity and Commercial Success Rates
- Costs: Table 1
- Costs: Table 2
- Fiscal terms: Table 1
What's included
This report contains:
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