Organisation of Petroleum Exporting Countries secretary general Haitham Al Ghais of Kuwait is expected to deliver an address at the Namibian International Energy Conference in Windhoek from 23-25 April, to share insight into global oil trends.
Namibia is on track to produce its first oil from offshore discoveries by 2030 and the country is getting ready to embrace a more prominent role in global supply chains. "With the development of offshore oil and gas discoveries, Namibia is poised to become a major player globally. Since 2022, Shell made discoveries at the Jonker-1, La Rona and Graff-1 wells - expected to hold as much as 1,7 billion barrels in total - while drilling at the Lesedi-1 well in 2023 showed the presence of hydrocarbons.
Exploration and production companies are also making strides onshore. Independent oil and gas company ReconAfrica plans to start drilling in the Okavango Basin this year.