Namibia oil sector excites prospectus

Namibia’s Energy Minister Tom Alweendo wants ongoing talks driven by climate justice activists about
clean energy to factor goals and priorities of countries such  as his.
"We deserve an energy transition that takes a pragmatic approach for inclusive energy that is capable
to resolving energy poverty by making our own natural resources part of the solution," said Alweendo.
The minister’s sentiments follows reports that Namibia has become world’s leading destination for oil
explorers.
According to media reports that emerged early in April, U.S. oil major Chevron is expected to begin
exploration in Namibia later this year, with Exxon Mobil  aiming to follow in 2025.
According to Reuters, Namibia, which has yet to produce any oil or gas, has become an exploration
hotspot after offshore discoveries by TotalEnergies and Shell, and wants to accelerate the milestone
of the country's first output.
Projections show that the country’s first oil production could be in 2029/2030.
James Parr, vice president for new ventures exploration and development at Woodside Energy is
quoted telling the media that the oil is potentially some of the lowest carbon barrels being found
currently so on the spectrum of oil its very attractive.  
Woodside is evaluating data before committing to drill in PEL 87 offshore Namibia and expects to
make a decision by June or July, he said on the sidelines of an energy conference.