TotalEnergies

27 Apr

Namibia, SA driving emerging oil activities

ObserverUncategorisedNamibia, Namibia and South Africa, SA driving emerging oil activities, TotalEnergies

Staff Writer Namibia and South Africa have become focal points for new discoveries and exploration and are driving significant Merger and Acquisition (M&A) activities, according to petroleum experts. The is especially the case within the Orange Basin, where both Shell and TotalEnergies have announced world-class deliveries this year, writes Paul Sinclair, the Vice President of Energy and Director of Government Services of Green Energy Africa, in an opinion piece. He says that risk appetite in West and Central Africa is relatively down, but is considerably higher in frontier basins in Southern Africa. ‘’This is particularly the case in Angola (Namibe…

04 Apr

Oil exploration too much of a gamble for government

ObserverUncategorisedObeth Mbuipaha Kandjoze, Oil exploration too much of a gamble for government, p to N$ 300 million for exploratory work and N$ 1.5 billion for a single well., TotalEnergies

Tujoromajo Kasuto Obeth Mbuipaha Kandjoze, Director General of the National Planning Commission,says that undertaking exploration to extract oil is not cheap, and the equipment required is expensive, and mostly only people with great wealth are able to invest in it as there is initially no guaranteed discovery and revenue. He explains that large sums of money are required to have a chance of making a discovery. "Up to N$ 300 million for exploratory work and N$ 1.5 billion for a single well. Once the discovery has been confirmed, three to four additional wells are required to determine whether or not…