Business / Economics

Namibia set for multiple offshore drilling projects this year

today24 October, 2024

Background

Namibia’s offshore oil drilling will resume with the arrival of Saipem SpA’s Santorini drillship at the Mopane site, following a discovery by Galp Energia SGPS SA. Bloomberg reports that this marks the beginning of several drilling campaigns, including projects by TotalEnergies SE and Chevron Corp. Galp’s CEO indicated that the company is preparing to drill its first of four new wells in Namibia later this year.

Speaking at a conference in Cape Town on 9 October, petroleum commissioner, Maggy Shino said Rhino Resources also plans to start drilling two wells in November, while Chevron is scheduled to begin its drilling campaign in December.

Written by: Tonata Kadhila