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In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. Ultimately, 161 companies were shortlisted, most of which represented indigenous operators.
“The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions.
That loading prompted the Ministry of Oil-MoO to invoking arbitration clause of ITOPA amendment before the Paris-based International Chamber of Commerce-ICC on 23 May 2014, and ICC award was delivered on 23 March 2023. 5- Recovered and Wasted CrudeOil. 6- Ownership of CrudeOil Filling Pipelines and Tank Flors.
(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.
The Company will be drilling its next well, Prospect I which is located onshore Namibia in Petroleum Exploration Licence 073 (PEL 73). The prospective resources shown in the NSAI Report have been estimated using probabilistic methods and are dependent on a petroleum discovery being made.
Presentation of Oil and Gas Information In respect of 2024 year-end reserves information contained in this press release, Strathconas reserves have been evaluated in accordance with Canadian reserve evaluation standards under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101).
an independent petroleum engineering firm, and comply with definitions promulgated by the SEC. Such terms do not constitute reserves within the meaning of the Society of Petroleum Engineers Petroleum Resource Management System or SEC rules and do not include any proved reserves.
Crudeoil therefore refers to light oil, medium oil, tight oil and condensate. Crudeoil therefore refers to light oil, medium oil, tight oil and condensate. Liquids refers to crudeoil and NGLs combined. NGLs refers to ethane, propane, butane and pentane combined.
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