11
Nov
Niël Terblanché The National Petroleum Corporation of Namibia (Namcor) has announced an escalation in its offshore exploration activities, aiming to capitalise on recent substantial oil discoveries in the Orange Basin. In collaboration with joint venture partners, Namcor plans to drill four exploration and appraisal wells in Petroleum Exploration Licence areas (PELs) 56, 83, 85, and 90 between the fourth quarter of 2024 and the first quarter of 2025. According to the spokesperson of Namcor, Paulo Coelho, the initiative follows a series of successful discoveries since 2022, which have positioned Namibia as a growing player in the global oil industry. In…
