Namibia oil has become the industry’s hottest frontier, as the Orange Basin draws the majors toward landmark 2026 investment decisions on Venus and Mopane.
NAMIBIA · ENERGY
Key Facts
—The prize: TotalEnergies’ Venus discovery alone is estimated to hold several billion barrels of oil in place, the country’s largest find.
—Decision year: Final investment decisions on the Venus and Mopane projects are expected in 2026, with first oil targeted around 2029.
—Drilling magnet: The African Energy Chamber says roughly 40% of the world’s high-impact wells in 2026 sit in Namibia’s Orange Basin.
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