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)

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

Namibia - recent news

30 May 23
Namibia: ReconAfrica completes two phases of eFTG & 2D seismic program in Namibia
Reconnaissance Energy Africa has provided an update on the acquisition of Enhanced Full Tensor Gravity ('eFTG') surveys and 2D seismic acquisition recently conducted in Namibia.
26 May 23
Namibia: 3D seismic program on PEL 87 complete
Sintana Energy has announced that Custos Investments, one of its Namibian affiliates, has confirmed the completion of a 6,593 sq km 3D seismic acquisition program over and around Petroleum Exploration License 87 ('PEL 87') in Namibia’s Orange Basin.
09 May 23
Namibia: SFL announces new contract for semi-submersible rig Hercules
SFL Corporation has signed a contract with a subsidiary of Galp Energia for the harsh environment semi-submersible rig Hercules with an estimated contract value of approx. $50 million. The contract is for two wells plus optional well testing and is expected to commence in the fourth quarter of 2023. Without any options, the duration is approx. 115 days including mobilization to Namibia.
02 May 23
Namibia: Impact Oil & Gas raises US$95 million through an Open Offer
Impact Oil & Gas has successfully raised US$95 million through an Open Offer to existing shareholders. The capital raised shall be used, through its wholly owned subsidiary, Impact Oil and Gas Namibia, to fund Impact’s participating interest share of the multi-well drilling programme in Namibia to further evaluate and appraise the Venus discovery; a world class, light-oil and associated gas field announced in February 2022.
02 May 23
Africa Oil announces further investment in Impact Oil & Gas
Africa Oil Corp has participated in a USD 95.0 million Open Offer by Impact Oil & Gas, the privately-owned, Africa-focused exploration company. The capital raised shall be used towards funding Impact's participating share of the multi-well drilling and testing programme in Namibia to further evaluate and appraise the Venus discovery; a world class, light-oil and associated gas field announced in February 2022.

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