Shell Namibia highlights investment as critical step on long road to oil production

Staff Reporter

The Country Chair for Shell Namibia, Eduardo Rodriguez, has identified attracting investment as the immediate priority for Namibia’s oil and gas sector at this stage, emphasising that the country remains more than a decade away from potential oil production.

“As a nation, our recommendation is that you have to make sure that you have the right terms to provide the certainty needed to keep capital coming in. The more seismic work you do, the more wells you drill, the higher your chances of success become, and that takes strong partnerships, such as the one we have had with Namibia over the past years. Namibia has drilled more than 28 wells in four years. That’s a daunting task, and it doesn’t happen overnight. It happens because of the reputation that the country has built, the agreements, the conversations, and the dialogue that we are having. This encourages investment attractiveness in Namibia. So, in this investment phase, the key priority should be to attract as much investment as possible and to be as competitive as possible,” he said.