insert_link Business / Economics Immanuel Mulunga Highlights Low Odds of Finding Viable Oil in Namibia Former petroleum commissioner, Immanuel Mulunga, estimates a 25–35% chance of companies discovering commercially viable oil in Namibia. Speaking with local media, the ex-Namcor managing director commented on Chevron’s recent announcement about failing to find hydrocarbons in the Orange Basin. Mulunga emphasized that oil exploration remains a high-risk endeavor. today17 January, 2025
insert_link Local NAMCOR UPDATE ON UPSTREAM OPERATIONS Windhoek, Namibia — The National Petroleum Corporation of Namibia (NAMCOR) provides an update on the country's ongoing upstream activities. NAMCOR Exploration and Production (E&P), in collaboration with joint venture partners in PELs 56, 83, 85, and 90, will commence drilling four exploration and appraisal wells in the Orange Basin, offshore Namibia, between Q4 2024 and Q1 2025. This expansion in upstream oil and gas activities follows successful discoveries since 2022, […] today12 November, 2024
