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

24 Jul 24
Namibia: 88 Energy completes 2D seismic acquisition program for PEL 93, Owambo Basin, Namibia
88 Energy has announced that the 2D seismic data acquisition program for PEL 93 over the Owambo Basin, Namibia, has been completed on time and within budget.
17 Jul 24
Namibia: BW Energy to acquire shares in ReconAfrica and 20% interest in onshore exploration license PEL 73 in Namibia
BW Energy has signed a Letter Agreement with ReconAfrica to acquire shares and warrants in ReconAfrica’s announced equity raise for a total consideration of USD 16 million in return for a 20% non-operating interest in the onshore Petroleum Exploration License 73.
08 Jul 24
Namibia: ReconAfrica announces the spud of the Naingopo exploration well onshore Namibia
Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner NAMCOR (the state oil company of Namibia), have announced the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73, onshore northeast Namibia. The Company continues to progress the farm out joint venture process which it expects to conclude soon.
08 Jul 24
Namibia: 88 Energy announces commencement of 2D seismic acquisition for PEL 93, Owambo Basin, Namibia
88 Energy has announced the commencement of the 2D seismic data acquisition program for PEL 93. The program has been designed to acquire approx. 200-line km of 2D seismic data. PEL 93 covers 18,500 sq km of underexplored sub-surface within the Owambo Basin in Namibia. 88 Energy has earned an initial 20% working interest in PEL 93 by funding the seismic program.
27 Jun 24
Namibia: ReconAfrica announces an operations and joint venture update
Reconnaissance Energy Africa has announced an operations update with respect to activity relating to Petroleum Exploration Licence 73, onshore northeast Namibia, and a joint venture update. The high impact Naingopo exploration well is expected to spud July 7 2024 and will be followed by the drilling of Prospect P.

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