Guyana and Namibia Surpass Traditional African Oil Producers in Energy Sector Growth
Monday, 22 July 2024, 16:26
Introduction
Recent developments in the petroleum industry of Africa highlight the rise of Namibia and Guyana as dominant players.
Namibia's Oil Discovery
Discoveries in Namibia's Orange basin suggest the country could hold up to 3 Bbpe of oil and 8.7 Tcfg of natural gas.
Total Reserves Comparison
- Namibia's total oil reserves are projected to be nearly equal to Guyana's.
- Both countries are seeing a surge in interest and investment in the energy sector.
Conclusion
The excitement surrounding these new discoveries marks a significant shift in Africa's energy investment landscape, positioning Namibia, alongside Guyana, as a leader in the African petroleum industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.