A jackpot of oilfields in the Orange Basin, off the coast of Namibia — they were the largest finds in the world when discovered in 2022 — is likely to yield billions of barrels of high-grade crude when production begins in the next four to six years. It will have a significant effect on the economies of Namibia and South Africa.

Data and analytics firm in the energy and resources sectors Wood Mackenzie says in a report that the finds could yield 6-billion to 7.5-billion barrels of recoverable oil.  This would contribute $9bn to Namibian coffers by the mid 2030s — more than double the country’s current budget inflows...

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