Middle East / Africa

Namibia flag
Summary | Profile

Country profile: Namibia

Location: Southern Africa, bordering the South Atlantic Ocean, between Angola and South Africa
Climate: desert; hot, dry; rainfall sparse and erratic
Terrain: mostly high plateau; Namib Desert along coast; Kalahari Desert in east
Size: 825418 sq. km total (Land area: 825418 sq. km )
Population: 2,088,669
Languages: English 7% (official), Afrikaans common language of most of the population and about 60% of the white population, German 32%, indigenous languages 1% (includes Oshivambo, Herero, Nama)
Government: republic
Capital city: Windhoek
Legal system: based on Roman-Dutch law and 1990 constitution; has not accepted compulsory ICJ jurisdiction
Currency: Namibian dollar (NAD); South African rand (ZAR)
Licensing:

Country profile

The Southern African Development Coordination Conference (SADCC), which evolved into the Southern African Development Community (SADC) , has been in existence since 1980. The original nine member-countries were Angola , Botswana, Lesotho, Malawi, Mozambique, Swaziland, Tanzania, Zambia, and Zimbabwe. South Africa joined SADC in 1994 followed by Mauritius (1995), and the Democratic Republic of Congo (DRC, 1997). In 2005, SADC granted Madagascar membership. In addition to belonging to SADC, Angola, DRC, Madagascar, Malawi, Mauritius, Swaziland, Zambia and Zimbabwe are members of the Common Market for Eastern and Southern Africa (COMESA).

South Africa occupied the German colony of South-West Africa during World War I and administered it as a mandate until after World War II, when it annexed the territory. In 1966 the Marxist South-West Africa People's Organization (SWAPO) guerrilla group launched a war of independence for the area that was soon named Namibia, but it was not until 1988 that South Africa agreed to end its administration in accordance with a UN peace plan for the entire region. Namibia has been governed by SWAPO since the country won independence in 1990. Hifikepunye POHAMBA was elected president in November 2004 in a landslide victory replacing Sam NUJOMA who led the country during its first 14 years of self rule.

Energy production and consumption


Oil Gas
Production:    
Consumption: 18,400 bbl/day (2005 est.)  
Exports:    
Imports: 17,580 bbl/day (2005 est.)  
Reserves:   59 billion cu m (1 January 2006 est.)
Major fields:



Namibia - recent news

06 Jun 25
Namibia: ReconAfrica announces C$10 million overnight marketed offering to drill Prospect I in Namibia
ReconAfrica has entered into an agreement with Research Capital Corp for an overnight marketed public offering of units of the Company to raise gross proceeds to the Company of C$10,000,000 (which has subsequently been increased to C$16.5 million). Proceeds will be used to fund the drilling of Prospect I in PEL 73 in Namibia, which has been named the Kavango West 1X well.
20 May 25
Namibia: GEO Exploration reports significant resource upgrade to 4.31 billion barrels (Mean) in PEL 94 Licence, offshore Namibia
AIM-listed GEO Exploration has announced the results of an independent geoscience evaluation of Licence PEL 94 (Block 2011A), offshore Namibia. The Company reports a 23 % uplift in unrisked licence-wide prospective resources to c. 4.31 billion barrels (mean).
19 May 25
Namibia: Rhino Resources and Halliburton deliver the first two exploration wells on Block 2914 offshore Namibia
Rhino Resources and Halliburton announced the delivery of two exploration wells on Block 2914 within Petroleum Exploration License (PEL) 85 offshore Namibia. Halliburton's collaborative approach and integrated services were instrumental in Rhino's success as the block's operator.
30 Apr 25
Namibia: Pancontinental initiates farmout process to secure a JV partner to fund exploration drilling within PEL 87, offshore Namibia
Pancontinental has initiated a farmout process to secure a joint venture partner to fund exploration drilling within PEL 87, offshore Namibia, at the earliest opportunity. The licence contains The Saturn Complex, comprising two main prospects and six additional leads.
28 Apr 25
Namibia: Africa Oil announces Namibia operational update
Africa Oil representatives on the Impact Oil & Gas Board have received an update on the Marula-1X drilling operation on Block 2913B (PEL 56), offshore Namibia.

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