Oil discovered in Namibia

Рет қаралды 17,148

Күн бұрын

Massive oil deposits estimated at around 10 billion barrels have been discovered off the coast of Namibia, potentially increasing the country's total recoverable oil reserves to around 21 billion barrels, making it one of the largest reserves in Africa. The Orange Basin, within Namibia's Exclusive Economic Zone, has been a hub of exploration activity, with significant discoveries such as Graff-1, Jonker-1X, La Rona-1, Lesedi-1X, and Venus-1. Other basins like Lüderitz, Walvis, and Namibe also show promising potential due to their geological similarities. Companies like Galp, which holds an 80% stake in Petroleum Exploration Licence 83 in the Orange Basin, alongside Namcor and Custos, are at the forefront of these exploration efforts.
While these discoveries bring hope for economic benefits, including reduced unemployment and increased daily production predicted at 380,000 barrels by 2029, challenges remain. The infrastructure development necessary for extraction, transportation, and refining is still in the early exploration and appraisal phases, with no commercial production yet. Namibia's unique geography, characterized by its vast Namib Desert and low population density, presents both logistical challenges and opportunities to minimize environmental disruption. Balancing oil production with conservation of its desert and marine ecosystems will be crucial. Despite predictions of global oil demand peaking by 2033, analysts remain confident in the long-term value of Namibia's resources for both local and international markets.
Source: t.ly/hDiVq
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Пікірлер: 92

@anuragmazumdar05 5 ай бұрын

Let us hope America doesn't decide that Namibia is in immediate need of Democracy !!!

@afeni1477 5 ай бұрын

It already a democracy.

@Araplimosnr 5 ай бұрын

@@anuragmazumdar05 my prayers 🙏🏼 too

@Januarieswealth. 5 ай бұрын

@@afeni1477you don’t get it do you ?

@EzraMerr 5 ай бұрын

USA produces more oil than any other country in the world, that oil joke is so outdated

@selvinlouw 5 ай бұрын

Lol...😂 its not the American people we understand...its the politicians....its like the competent one's just don't want to get involve.

@EzraMerr 5 ай бұрын

Amazing work on the video, great presentation and graphics, perfect narration 👍

@aykay9328 5 ай бұрын

There is lots and lots of oil discoveries in SADC regions like Namibia,Zimbabwe for which the latter has begun drilling and South Africa, so SADC is gettjng richer and richer

@meetboy352 5 ай бұрын

Great video! Been waiting for a video on this topic for months now lol. I would however recommend that you slow down the animations a bit, as there a lot of important visual data you're showing but not enough time to digest it.

@mthokozisimyende787 5 ай бұрын

Very Informative, dankie!

@theYoutubeHandle 5 ай бұрын

Namibia, prepare your body for democracy! You can now finally be free. So happy for Namibia.

@realitytvzm 5 ай бұрын

Democracy is coming to namibia 😂😂😂😂😂 Oh my oh my

@Araplimosnr 5 ай бұрын

And through the oil pipeline

@nadineadatjieshaamena8242 5 ай бұрын

We are a Democratic Country

@Araplimosnr 5 ай бұрын

@nadineadatjieshaamena8242 Indeed, you are 💯, It's just an irony about America 🇺🇸 love ❤️ for oil 🛢 😆

@nadineadatjieshaamena8242 5 ай бұрын

@@Araplimosnr Yah no I understand....

@OBCBTTB 5 ай бұрын

@nadineadatjieshaamena8242 The op means a different version of democracy. You'll find out soon enough when it's too late.

@remofilwemooki2965 5 ай бұрын

will the oil refineries be developed in Nambia or South Africa , I'm also aware that most times countries gain revenue through taxes on oil but is that really possible when shell is known for evading taxes ??

@mjngp 5 ай бұрын

I'm praying US mustn't come to give our lovely neighbours democracy, they'll start by saying Namibia is harbouring terrorist or Namibia is ruled by a tyrant

@paulalopes70 5 ай бұрын

Dont come there make democracy in usa africa dont need this country now there is chine and russia

@Desert_Person 5 ай бұрын

whats the background music called

@pablocharlie 5 ай бұрын

Mohammed bin Salman (current crown prince of Saudi Arabia) told The Washington Post in April 2017 that without America's cultural influence on Saudi Arabia, "we would have ended up like North Korea." I'm sharing this because Namibia is still plagued with socialism and chinese influence hence why they have so much corruption and Botswana does not and is much much ahead when it comes to being a first world country 🙂

@JACK-OMARI 5 ай бұрын

Do you know what "1st world" means?

@Deontjie 5 ай бұрын

China and Namibian politicians were involved in the Fishrot scandal.

@bullitzfromabove5376 5 ай бұрын

South Africa be feeling a bit tense, you know…. Maybe Namibia should rejoin South Africa 🇿🇦

@justinenandjaya5051 5 ай бұрын

Rejoin?? We never joined South Africa to begin with. They colonized us, big difference 🙄

@bullitzfromabove5376 5 ай бұрын

@@justinenandjaya5051 YOU MEAN PREVENT GERMAN EMPIRES AGGRESSION!

@christophkuzatjike-di4bl Ай бұрын

Fosek

@desertchild3550 5 ай бұрын

They,ve been discovering oil the last 40 years and to date not a single development took place and if ever any of these fields are developt,Namibia will not really benefit. These fields are in extreme deep water, and many many miles offshore,making any land based operation basically not financially viable. Time will tell.

@bradleystuurman2031 5 ай бұрын

South Africa should take back Namibia

@ndaumbo 5 ай бұрын

Hell to the No. It will never happen again.

@calvin3989 5 ай бұрын

😂what!!!!! Have you seen how the South African government steals. Let the Namibians do their thing. They better at it.

@bullitzfromabove5376 5 ай бұрын

I mean South Africa basically owns Namibia, all internet cables run through South Africa. The sheer amount of South African companies in Namibia. South Africa also sells power to Namibia. Not to mention, most people flying into Windhoek fly from Johannesburg. Namibia also buys allot of food from South Africa such as fruit, wheat, sugar and maize. I wouldn’t cut out the possibility of Namibia rejoining South Africa specially if SA stabilises, that also includes Lesotho and Swaziland. But only time can tell

@leosimataa 5 ай бұрын

😂😂 nah bra were cool here, we don't want to join South Africa 😅

@sibusisonkomo1543 5 ай бұрын

Now I wish Namibia was still part of south Africa

@karabokeith2577 5 ай бұрын

We Have Farrrrr More Oil Barrels Than Namibia

@pablocharlie 5 ай бұрын

@heylaolheylol7445 5 ай бұрын

@@karabokeith2577🇺🇸🦅

@AtomicTech37 5 ай бұрын

Ho to hell

@Araplimosnr 5 ай бұрын

@sibusisonkomo1543 Namibian Oil 🛢 and gas ⛽️offshore Reserves beats South Africa 🇿🇦 by a wide margin. 👌. Nevertheless, it shouldn't be about who has the most but how we can make good use of every resource that lies beneath African Landmass and African Oceans. It's time to avoid rushing into unbalanced deals with foreign owned companies. They pretend to be commercial companies, but the truth is they are the shadows of their countries 🤔. Africa 🌍 needs to collectively pull together and establish their own companies who will undertake mining activities, refineries, storage, and exporting the end products in order to achieve better value.

@CptRumcan 5 ай бұрын

Might want to change that from BRICS to BRINCS

@leosimataa 5 ай бұрын

😂

@janstander7830 5 ай бұрын

The namib is 2000km long not wide

@ThibushiSimon 5 ай бұрын

Namibia must repatriates all of its assets from the west

@PRAWDATOJEST-vd9eq 5 ай бұрын

The Three Seas countries will buy crude oil from Namibia, please contact the representatives of the government of the Three Seas countries: Poland, Słovakia, Hungary, Serbia, Romania. The Three Seas countries will also buy shale gas from South Africa

@casparelbers9360 5 ай бұрын

there are no coral reefs off the coats of Namibia

@SiphoChauke-nu7fx 5 ай бұрын

Namibia is another province of south Africa is not a country is our province

@steven3837 5 ай бұрын

It's not, it used to be but isn't anymore😢. I think it should be though.

@sirkermitthefirstoffrogeth9622 2 ай бұрын

@@steven3837 I think so too. But they are doing pretty well on their own, so I don't think they would be interested. But culturally and historically, we have ties.

@christophkuzatjike-di4bl 2 ай бұрын

Fotsek, we are not criminals and a broken country. Namibia is Namibia. We are not south africans.

@andrevangraan5436 5 ай бұрын

What a good hype story. Here is a country who's economy is at the end of its road and depression at record levels. It needed a some good news, low and behold...Face it, no money: no drilling rigs nor even storage or a depo. Not even a refinery..I'd put that at 30% overall projected. So you might know but will never in your lifetime see any benefit. There isnt a processing law helping with some of the profit. What a blunder..

@MGo-fj5cf 5 ай бұрын

🇳🇦

@bibap-uo2io 5 ай бұрын

NOT CONFIRMED. DONT TALK KAK.

@Reotha 5 ай бұрын

Old news

@imnotanalien7839 5 ай бұрын

To bad no one is allowed to use fossil fuel anymore… only windmills and solar panels. Unless only the West is not allowed to use oil… but the other countries can use oil. That doesn’t seem fair. Who is using fossil fuels??