The firm,the statement said,offers tailored advisory services covering policy and regulatory compliance, alignment with national development priorities, and stakeholder engagement at both community and government levels.
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Namibia’s offshore oil and gas sector is experiencing unprecedented growth, marked by a series of world-class discoveries and heightened exploration activity. The most recent milestone came in April this year, when the Capricornus 1-X exploration well in offshore Block 2914A delivered a successful light oil discovery.
Capricornus 1-X mirrors the characteristics of the nearby Venus and Graff discoveries, reinforcing the Orange Basin’s position as a globally significant petroleum province.
Drilling momentum is set to remain strong throughout 2025, with seven wells planned this year alone. These include Marula-1X by TotalEnergies and a second PEL85 well planned by Rhino Resources, as well as the Kharas prospect within BW Energy’s Kudu license. Additional prospects at Olympe and Saturn have also been identified, signaling continued confidence from major international operators.
Namibia’s Ministry of Mines and Energy has confirmed new licensing opportunities in 2025 under an open licensing regime, spanning deepwater, ultra-deepwater and shallow-water environments. The country’s Petroleum Commission has emphasized the government’s commitment to attracting fresh investment while ensuring discoveries are fast-tracked to first oil and deliver tangible benefits to the national economy.
Beyond exploration, development planning is advancing on two of Namibia’s largest finds. TotalEnergies’ Venus project in Block 2913B is targeting a 2026 final investment decision and ap planned 150,000-bpd FPSO facility. Galp is progressing appraisal of its Mopane discovery, supported by 3,500km2 of newly acquired high-density seismic data.
“Tom Alweendo’s leadership and deep understanding of Namibia’s energy landscape come at a pivotal moment for the country’s resource development. His insights will be invaluable in guiding discussions on how to translate world-class discoveries into sustainable economic growth and long-term benefits for all Namibians,” states NJ Ayuk, Executive Chairman, African Energy Chamber.
Namibia’s emergence as one of the world’s most promising oil frontiers – underpinned by a stable regulatory environment, competitive licensing terms and a strong governance framework – positions the country as a leading destination for global upstream investment.
SOURCE
African Energy Chamber
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