Namibia Targets First Oil Production from Venus Field in 2029/2030

DeepSea Mira (Credit: Odfjell Drilling)
DeepSea Mira (Credit: Odfjell Drilling)

Namibia is aiming for 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.

Namibia is seeking to accelerate the timeline to first production, Shino told delegates at an international energy conference.

(Reuters - Reporting by Wendell Roelf; Writing by Nellie Peyton; Editing by Alexander Winning)

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