favourable oil extraction equipment in namibia

   
                                               
                                               
                                               
                                               
  • favourable oil extraction equipment in namibia

FAQ

  • QWhich oil companies are based in Namibia?
    ANamibia’s attractive oil prospects and favourable fiscal incentives have attracted a wealth of oil majors including TotalEnergies, Galp, Shell, QatarEnergy, Chevron, and ExxonMobil. In the Walvis Basin the Wingat-1 discovery, drilled by HRT in 2013, which encountered rich oil-bearing source rocks, recovering light and sweet crude oil.
  • QIs offshore Namibia oil exploration a good investment?
    AWith a coastline of almost 1,600 km, offshore Namibia oil exploration has become highly attractive in recent years for Major companies. Namibia’s attractive oil prospects and favourable fiscal incentives have attracted a wealth of oil majors including TotalEnergies, Galp, Shell, QatarEnergy, Chevron, and ExxonMobil.
  • Qwhat is the warranty time?
    AAccording to Machinery standard, it is 151 months
  • QWill Namibia's offshore oil play turn into another large source of oil?
    AIt is too early to tell whether the Namibian offshore oil play will turn into another large source of oil. But early indications suggest large finds in the hundreds of millions of barrels of recoverable oil, at least. Inevitably, the successes of Total, Shell and Galp will encourage large oil companies to direct more investment into exploration.
  • QIs Namibia a 'graveyard' for oil exploration?
    AWhen privately held UK-based exploration group Impact entered Namibia in 2014, the number of failed wells meant the country was seen as a “graveyard” for oil exploration, said chief executive Siraj Ahmed. “A place where there’s no real potential for hydrocarbons.”
  • QWhat is Namibia doing to support oil & gas drilling?
    ANamibia is starting to invest in the infrastructure to support drilling. State-owned Namport is drawing up plans to service both the oil industry as well as planned green hydrogen projects, with over $2.1 billion in upgrades at its ports.
  • QHow much oil does Namibia have?
    ANamibia has over 11 billion barrels of oil and 2.2 trillion cubic feet of natural gas, and yet, much of the country’s hydrocarbon potential has remained largely untapped.