The southern African country, which has not produced any oil or gas yet, has become a global exploration hotspot Namibia holds about 11 billion barrels of oil in recently discovered offshore fields, with TotalEnergies’ Venus-1X find making up almost half of the total, state-owned oil firm NAMCOR said in a presentation of preliminary data. The … Continue reading Namibia’s offshore oil discoveries estimated at 11 bln barrels – NAMCOR