Namibia

Namibia is accelerating petroleum reforms to improve regulatory efficiency, strengthen investor confidence, and ensure broad national benefits from its emerging offshore oil sector. The country is intensifying efforts to convert Orange Basin discoveries into production, aiming to become a significant hydrocarbon hub.

Namibia is poised to become an important energy-producing nation due to the development of its deepwater oil and gas potential by TotalEnergies and Galp. This partnership is expected to bring employment, skills development, and local industry growth to the country.

Namibia benefits from increased investment in its offshore exploration potential, with TotalEnergies expanding its presence and committing to developing prolific resources, which could unlock further value for the country and its stakeholders.

Namibia is a key operational area for Reconnaissance Energy Africa, with ongoing production testing at the Kavango West 1X discovery well and preparations for a follow-up appraisal well. The success of these operations could lead to booking reserves and a final investment decision, significantly impacting the country's resource development.

Namibia is experiencing renewed sector growth due to the resumption of uranium production and diversification into rare earths, copper, and lithium. The country is finalizing a new minerals bill and implementing finance and training programs to attract capital and expand its workforce.