Namibia expects to produce oil by 2030

Niël Terblanché With its burgeoning oil reserves, Namibia is embarking on a transformative journey, promising not only to reshape its economic landscape but also to solidify its position on the global energy stage. Namibia has set its sights high on significant offshore oil finds and expects to tap into these vast reserves by 2030. Petroleum Commissioner, Maggy Shino, at a recent oil conference in Cape Town, South Africa, introduced plans for a Floating Production Storage and Offloading (FPSO) platform to facilitate crude oil export. Since the discoveries, Namibia has garnered considerable attention from global energy magnates. This surge in interest…