Namibia’s Oil Riches May Require Large Developments Mirroring Guyana’s, TotalEnergies CEO Says
- Companies have discovered ‘a big chunk of oil’ off Namibia
- TotalEnergies expects to begin first Namibia project next year
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Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position.
There’s a “big chunk of oil” in waters off Namibia, said Patrick Pouyanne, chief executive officer of TotalEnergies SE, which alongside several other companies has made significant discoveries in the African country.