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

10 Feb 25
Namibia: Custos Energy announces the completion of the previously announced farm-in by Chevron into PEL 82
Custos Energy has announced the completion of the previously announced farm-in by Chevron into PEL 82. The transaction provides for an 80% participating interest and operatorship for Chevron, with each of Custos and the National Petroleum Company of Namibia ('NAMCOR') retaining 10% interests.
06 Feb 25
Namibia: Impact Oil & Gas provides Namibia operational update
Impact Oil & Gas, a privately-owned, Africa-focused, exploration company, has provided an operational update, following the successful completion of drilling and DST operations at the Tamboti-1X exploration well and spudding of the Marula-1X exploration in Block 2913B (PEL 56), offshore Namibia.
30 Jan 25
Namibia: ReconAfrica announces the results of the first Damara Fold Belt exploration well at Naingopo
Reconnaissance Energy Africa has announced the results of the Naingopo exploration well within the Damara Fold Belt on Petroleum Exploration Licence 073 ('PEL 73'), onshore Namibia. The well encountered over 50 metres net reservoir in the Otavi Group, derived from log analysis and indications of oil, which will be further confirmed from side wall cores.
29 Jan 25
Namibia: ReconAfrica completes strategic farm down of PEL 73, onshore Namibia, with BW Energy
Reconnaissance Energy Africa has announced tha it has completed the farm down agreement with BW Energy. The sale of a 20% working interest in Petroleum Exploration Licence 73 ('PEL 73'), in northeast Namibia , has been approved by the Namibian Ministry of Mines and Energy ('MME') and Namcor Exploration and Production ('NAMCOR').
24 Jan 25
Namibia: Global Petroleum announces update on PEL 94 farm-out transaction
Global Petroleum has provided an update on the ongoing farm-out transaction for Petroleum Exploration Licence (PEL) 94, offshore Namibia. The Company has received renewed and new interest from well-known companies and has made a strategic decision to extend the previously stated deadline of 31st December 2024.

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