Five-well drilling campaign lined up for 2023 in Namibia’s Walvis basin

11 January, 2023 – Maurel & Prom Group through its wholly owned subsidiary Maurel & Prom (“M &P”) Namibia (Pty) Ltd, (the proponent) holds 85% operatorship interest in the Petroleum Exploration License (PEL) No. 44. PEL No. 44 covers Block 2212B with a total area of 5,122 km2 and situated in the central Walvis Basin offshore Namibia. M & P Namibia (Pty) Ltd is the operator of PEL No. 44 and the other partners in the license are: National Petroleum Corporation of Namibia 8%, Livingstone Mining Resource Development 4%, and Frontier Mineral Resources 3%. M & P Namibia (Pty) Ltd and partners intends to drill multiple wells within PEL No. 44 starting with an initial five (5) wells drilling programme. Read More

Chevron spends big to enter Namibia’s oil race

5 October, 2022 – The multi-national United-States-based energy corporation, Chevron, has reportedly paid US$100 million (around N$1.7 billion) for a stake to explore oil in the Orange basin offshore Namibia. Online global energy publication Energy Voice this week reported Chevron invested after the US super-major acquired an 80% working interest in Petroleum Exploration License 90 (PEL90), which covers Block 2813B – about 200 to 250km offshore – close to the Venus and Graff discoveries by TotalEnergies and Shell, respectively. Read More

Recon Africa reaches test well target depth

4 October 2022 – Reconnaissance Energy Africa (Recon Africa), along with its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), last week confirmed the target depth was reached at its third stratigraphic test well in the Kavango basin.Towards the end of September, Recon Africa said it had entered into a definitive purchase and sale agreement to acquire half of Namcor’s interest in the approximate petroleum exploration licence in Namibia. According to a local oil industry executive, the deal significantly strengthens Namcor’s cash position in the short-term and gives them access to potential discoveries in the billions of barrels at 5%. “ This is a win for Namcor as a carried interest partner. They have no exploration risk exposure with an upside of strong cash position benefits in the short-term, during exploration and in the long-term during production,” said Olayinka Arowolo, CEO of local oil explorer Nabirm. Read More

Nabirm focuses on offshore Namibia

31 August, 2022 – Nabirm identified six petroleum leads within the 2D seismic survey area of Block 2113A. The preliminary opinion is that the six leads identified in Block 2113A hold total prospective un-risked recovered resources of 522 million barrels of oil (MMBO). Read More

Market dynamics warrant bigger stake in discoveries…Namibia can avoid resource curse by learning from others

15 July, 2022 – Current oil market dynamics, where demand and supply are out of sync and an oil price super-cycle lasts for the short- to medium-term, place the Namibian government in a better bargaining position to increase its take of 10% in resource projects to a higher level. This is a recommendation from a report released this week by local stock brokerage Simonis Storm Securities (SSS). Read More

Global Petroleum updates on operations in Namibia, Italy

23 June, 2022 – Global Petroleum updated the market on its operations in Namibia and Italy on Wednesday, after the granting of a one-year extension to the initial exploration period of PEL 94 In Namibia until September 2023.“The company believes that the Walvis Basin, where PEL 94 is situated, also has the potential to be extremely successful, but has the advantage of much shallower water depths generally than the discoveries in the south.” Read More

Fresh exploration well on the cards for Namibia’s deep waters


Oil discoveries could transform economy…meaningful jobs, significant revenue envisaged

Windhoek, March 18 2022 – Once the commercial viability of Namibia’s first-ever noteworthy oil discoveries off the coast by Shell and TotalEnergies have been verified, these hydrocarbon detections have the potential to benefit the country’s economy by billions of dollars in revenue. Read More

Namibia: TotalEnergies makes a significant discovery in offshore Block 2913B

Paris, February 24, 2022TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. Read More 

Shell hits oil in Orange Basin Namibia

2022-01-13: Hydrocarbon exploration in Namibia was given a massive boost, with word spreading fast within the industry that Shell’s high impact Graff-1 exploration well offshore Namibia has discovered light oil. Read More

Wildcat sets Out Angola, Namibia focus

2021-06-30: London-listed Wildcat Petroleum has set out plans to focus on Angola initially, with a secondary exploration drive in Namibia. Read More 

Wildcat Petroleum signs up Namibia explorer for blockchain project 

2021-04-22: Wildcat Petroleum PLC (LON:WCAT) has signed an agreement with Nabirm, a licence holder in Namibia, for a future blockchain project. Wildcat is working on blockchain technology for oil industry transactions, eyeing a possible launch by the end of this year. Read More

Nabirm ups the ante on offshore exploration with CSEM survey 

2019-08-09: Nabirm contracts Electromagnetic Geoservices (EMGS) to conduct a 3D controlled source electromagnetic (CSEM) survey offshore Namibia. Read More 

EMGS secures Namibia Survey

2020-03-02: Offshore survey service provider Electromagnetic Geoservices has received a letter of intent, with a minimum value of $3.6m, from an undisclosed customer on behalf of a JV block consortium, offshore Namibia. Read More

EMGS: Proprietary acquisition for Nabirm Global LLC

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) announces award of contract from Nabirm Global LLC. Read More 

ION Geophysical finishes data interpretation of Namibia block

2015-11-20: ION Geophysical has completed the interpretation of a 2D seismic survey on block 2113A in the Walvis basin offshore Namibia. Read More

Nabirm plans 2D seismic survey offshore Namibia

2015-01-13: Nabirm  executes a 2D seismic survey for block 2113A in the Walvis basin offshore Namibia. Read More