“The next great oil frontier region of the world will be offshore Namibia,” predicts our Sound Of cannons. South Africa’s neighbor to the north has recently attracted attention from drillers all over the world. Brazilian oil guru Marcio Rocha Mello claims to have found oil and gas seeps only a meter deep into Namibian oil last month.
Companies like EnerGulf have since flocked to the region.
“The geology is a southerly trend of what one sees offshore Angola,” says the SOC Oil Staff, “and in some respects a mirror image of the offshore region of Brazil. In 2008, offshore development in Namibia will greatly benefit the manufacturing and shipbuilding economy of South Africa.”
Companies like EnerGulf have since flocked to the region.
“The geology is a southerly trend of what one sees offshore Angola,” says the SOC Oil Staff, “and in some respects a mirror image of the offshore region of Brazil. In 2008, offshore development in Namibia will greatly benefit the manufacturing and shipbuilding economy of South Africa.”
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