‘Jackpot’ Oil Discoveries May Help Namibia Double GDP by 2040
- Total, Shell have opened oil fields off Namibia’s coast
- Namibia sees ‘massive’ opportunity in green hydrogen: Comalie
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Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. of Namibia, said in a Bloomberg TV interview.
TotalEnergies SE in February said it had made a “significant” oil discovery off the coast of Namibia, three weeks after Shell Plc announced a find off the southwest African nation. Explorers have drilled more than a dozen exploration wells in search of oil and gas. Consultants Wood Mackenzie estimated the combined recoverable finds at almost 4 billion barrels.