05
Nov
Chamwe Kaira Namibia’s Venus offshore development project is expected to become one of the country’s biggest economic contributors, with potential GDP gains of between N$536 billion and N$800 billion over its 25-year lifespan, according to its environmental and social impact assessment (ESIA). TotalEnergies EP Namibia B.V. (TEEPNA) and its joint venture partners, QatarEnergy International and NAMCOR, hold a Petroleum Exploration Licence for PEL56/Block 2913B, located off the southern coast of Namibia. Based on exploration and appraisal activities, the companies are studying the feasibility of developing the Venus field to produce light crude oil. The Venus field lies 300 km from…
