Namibia: Whose Oil Is It? Controls and Benefits in Namibia

Oil and gas exploration, an emerging sector in Namibia, is a naturally high-risk investment.

In addition, our country’s geology can make discovery difficult and expensive.

Companies can invest huge amounts of money in exploration activities and end up finding no feasible deposits.

As a result, the geological risk can be huge.

In January 2025, oil giant Shell wrote off its US$400 million Namibian offshore oil exploration because of its lack of commercial viability.

In the same month, Chevron…