Country
Namibia
Sector
Oil & Gas
Intelligence Type
Project
Status / Stage
Under Feasibility
Confidence
Confirmed
Latest Development
One of the largest offshore oil discoveries globally in the past decade — 2.4+ billion barrels, Orange Basin, Block 2913B. TotalEnergies (40%, operator), QatarEnergy (30%), Impact Oil (20%), Namcor (10%). Development Studies ongoing ahead of potential FID. First oil potentially early 2030s.
Project Details
Project TypeDeepwater oil field development (FPSO-based)
Project OwnerTotalEnergies (40%, operator); QatarEnergy (30%); Impact Oil (20%); Namcor (10%)
Project DeveloperTotalEnergies SE
Current PhaseFeasibility
Funding StatusUnfunded
Key Issues / Risks
FID not taken. Development concept selection ongoing. Scale and lack of existing Namibian offshore infrastructure add cost.
Latest Development (Detail)
Development Studies ongoing as of 2026. Businessfront identified Venus as major 2026 Africa oil project to watch.
What Happens Next
Development concept selection and FID announcement.
Commercial Opportunity
If FID taken — one of Africa's largest deepwater procurement programmes since Mozambique LNG.
Commercial Opportunity Intelligence
Commercial ReadinessEarly
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Businessfront May 2026; TotalEnergies investor presentations; Africa Oil Gas Report
Source Date2022–August 2026