WINDHOEK, April 24 (Reuters) - Namibia is planning for
the first oil production from TotalEnergies' Venus
field in 2029/2030, the country's petroleum commissioner Maggy
Shino said on Wednesday.
The southern African country, which is yet to produce any
oil or gas, has become a global exploration hotspot after
offshore discoveries by TotalEnergies and Shell and
wants to accelerate the milestone of first output.
In the most recent strike, Portugal's Galp Energia
said it had found at least 10 billion barrels of oil equivalent
in its Mopane field, part of the highly prospective but largely
unexplored Orange Basin.
U.S. oil major Chevron ( CVX ) is expected to begin
exploration later this year, with Exxon Mobil ( XOM ) aiming to
follow in 2025, Shino said.
"Moving onshore we are planning for a multi-drilling
campaign ... Reconnaissance Africa has made a commitment for one
well to be drilled this year," Shino said of a campaign in the
ecologically sensitive Okavango region.