The National Petroleum Corporation of Namibia (Namcor), as the custodian of the country’s hydrocarbon exploration data, is conducting in-house geological, geophysical, and engineering studies.
This is to enhance the understanding of Namibia’s subsurface hydrocarbon potential.
These studies aim to provide valuable information to potential investors, enabling them to make informed decisions regarding exploration and investment opportunities.
“Following the recent light oil discoveries offshore Namibia’s Orange basin, Namcor has seen increasing interest from potential upstream oil and gas investors. To service its clients, Namcor continues to host data rooms for clients to assess and evaluate non-proprietary exploration datasets for potential farm-ins opportunities with existing acreage holders and licence application through the Ministry of Mines and Energy,” the parastatal said in a statement on Friday.
It further said Namibia’s oil and gas sector is advancing significantly, with multiple high-impact wells, appraisal studies, and seismic campaigns in the prolific Orange Basin.
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