- Namibia is a country with a population of about 2 million, located in South West Africa. Namibia does not have a significant history of oil or gas production, but is believed to hold a great deal of potential. Located immediately to the North, is Angola, a major oil producer and member of OPEC.
- The state owned oil company Namcor's main business is to ensure the optimum exploitation of Namibia 's petroleum resources and meaningful Namibian participation in resulting business developments in petroleum related exploration activities.
- The company also acts as advisor to the Ministry of Mines and Energy and assists it in monitoring the exploration activities of licensees.
- Investing companies are not obliged to offer Namcor participation in their prospects
- The area of activity is located offshore in the Atlantic Ocean
- Offshore Namibia can be considered under-explored. Only 14 exploration wells have been drilled so far in an area that covers more than 500,000km2.
- Five of the wells are located in the Kudu Gas Field which has 1.4 TCF of proven reserves and an upside of 20 TCF. Kudu is the only commercial hydrocarbon discovery in Namibia up to now.
- The results of the other wells were encouraging in that excellent reservoir sequences, source rocks and seal were encountered.
- Tullow Oil has development activities in Production Licence 001 which includes the Kudu gas field located 170 km offshore the south-west coast of Namibia. Tullow, which acquired the licence as part of the Energy Africa acquisition, is the operator of the 4,567 sq km licence and the current focus is on evaluating the development options for the Kudu field.
- Chariot Oil and Gas Limited is an independent oil and gas exploration company with interests in Namibia.
- Four licences covering eight offshore blocks in Namibia
- Large block allocation - one of largest holding in Namibia - 38,725 km2
- 8.5 billion barrels of gross unrisked mean prospective resources
- 3 geologically distinctive basins - well positioned across Namibian South Atlantic margin
- Universal Power Corp is a small Canadian company that owns the following oil and gas concessions located offshore Namibia, Africa.
- 2.7% carried interest in Block 1711
- 90% working interest in Blocks 2713A, 2713B, 2815, 2816 and 2915
- 40% working interest in Blocks 2813A, 2814B and 2914A
- Energulf meanwhile owns 10% of Block 1711, situated in the Namibe basin off the northern coast of Namibia along the international boundary with Angola. 70% belongs to Nakor Investments Ltd. (an affiliate of Sintez Group)
- BHP Billiton were awarded two licences in 2005
- Tower Resources is an AIM listed company with interests in Blocks 1910A, 1911 and 2011A covering an area of approximately 22,000 sq km offshore Namibia, in water depths ranging from 200 to 3,000 metres.
- HRT is the operator of five exploration blocks in the Namibian offshore, covering an area of 26,815 km2 (6.6 million acres). The Company holds a 100% participating interest in two blocks in the Walvis Sub-basin, or the Walvis Blocks, and a 40% participating interest in three blocks in the Orange Sub-basin, or the Orange Blocks, in association with UNX Energy Corp, and Acarus Investments (Pty) Ltd, a private Namibian company.
- Eco Oil & Gas holds five Government of the Republic of Namibia issued petroleum licenses.
- Namibia does not have any refineries or LNG terminals
- World Factbook
- Ministry of Mines and Energy, Upstream
- The National Petroleum Corporation of Namibia , NAMCOR
- Tullow Oil, Namibia
- Universal Power Corp, Namibia
- Energulf, Namibia
- Tower resources, Namibia
- Chariot Oil & Gas, Namibia