OPINION: Two large oil and gas discoveries off the coast of Namibia arrive amid a changing economic and political landscape for the global energy sector.
Described by TotalEnergies as “very special”, its Venus find may be the biggest deep-water discovery ever.
While early estimates nodded to a resource of up to 3 billion barrels equivalent of recoverable hydrocarbons, further evaluation has suggested it could be four times bigger than this.
As well as upwards of 10 billion barrels of recoverable oil, it may hold an estimated 10 trillion to 20 trillion cubic feet of recoverable gas.
