Namibia Local Content Conference commences at Lüderitz

Contributed by NAMPA.

LÜDERITZ, 16 APR (NAMPA) – Shepherdstree managing partner Ekkehard Friedrick highlighted Namibia’s oil discovery success rate on Tuesday, saying the country has an 86 per cent success rate in terms of exploration compared to the global average of 30 per cent.
Friedrick made the remarks during a presentation held as part of the Namibia Local Content Conference in Lüderitz on Tuesday, saying Namibia’s oil discoveries offshore are progressing at a rapid rate.
“We are moving at an unprecedented ra ...