The prospective rift basins of Angola are generally
absent in Namibia south of the volcanic Walvis ridge, which runs
east-west and roughly separates the two countries. There is currently no
oil or gas production.
However Namibia’s three relatively undrilled basins (Walvis, Luderitz
and Orange) have some limited potential. The Kudu gas field in the
southernmost Orange basin was discovered in shallow waters in 1973 but
it has not been developed due to lack of a gas market. The South African
minerals and energy department has been investigating the feasibility of
establishing a national gas pipeline grid, including natural gas from
Namibia, and it is forecast that gas, with minor NGLs will come
onstream, serving the local market and South Africa by 2012.
There is no oil or onshore production expected.
Namibia imports all of its oil and consumption has been
rising due to economic growth. However in future oil consumption is
likely to remain flat.
The country consumes no gas but should start using part of its own gas
production if it comes onstream as forecast in 2012.