![namibia africa tijme namibia africa tijme](https://i.ytimg.com/vi/XVBoNf0xXrY/maxresdefault.jpg)
Eco Atlantic plans to start drilling between the third quarter of this year and the first quarter of 2020.Namcor, the state-owned oil and gas explorer, said in 2018 that 48 offshore and onshore prospecting licences have been issued to Namibian and international oil and gas explorers.Still, Tullow’s exploration director, Angus McCoss, said that gas readings “support the concept that there is a working oil system in the area”.In September 2018, Tullow abandoned a well off the coast of Namibia, saying that the hydrocarbons found were non-commercial. Viability has so far remained out of reach. The only existing commercially sized hydrocarbons discovery, the Kudu gas field, is still undeveloped after being discovered in the 1970s by Chevron.Namibia has no proven oil reserves, leading explorers in the region to favour Angola.
![namibia africa tijme namibia africa tijme](https://content.r9cdn.net/rimg/dimg/8c/4a/7db3d377-ctry-170-16c0566b944.jpg)
Marcio Rocha Mello have argued that analysis of oil and condensates from Kudu and other wells proves that the Orange Basin off Namibia has similar source rocks to its northern neighbours, as well as Brazil, making the prospect of Namibian oil production a realistic one. Successive discoveries have continued since.
![namibia africa tijme namibia africa tijme](https://render.fineartamerica.com/images/rendered/default/canvas-print/10/6.5/mirror/break/images/artworkimages/medium/2/long-time-exposure-of-waterhole-with-umbrella-acacia-typical-african-tree-etosha-national-reserve-namibia-africa-gnther-bayerl-canvas-print.jpg)
Namibia, meanwhile, has remained historically under-explored. Standard Bank says the investment needed to bring new African discoveries over the past decade in countries such as Ghana, Niger and Mozambique on stream will add further impetus to Africa’s oil consumption, which already exceeds the continent’s refinery output. Namibia is showing geological promise and is attracting increasing attention from majors and juniors, Sekandi says.Sekandi expects “slightly less interest in mature and legacy oilfields and more interest in frontier markets”.He anticipates that attention will shift downstream to improved storage, transportation and refining capacity in coming years.