Namibia: Namibia’s offshore oil projects delayed by high gas-to-oil ratio, pushing production goals to 2030s – Africa Links 24 4

The unexpectedly high share of gas in Namibia’s offshore oil fields will slow development and may ultimately even make projects unprofitable.

This is according to a Reuters report published on Thursday.

“All our discoveries have a very high gas-to-oil ratio,” petroleum commissioner Maggy Shino said at an industry conference in October.

Namibian law prohibits the flaring of gas, which means burning it as a waste product and releasing carbon dioxide into the atmosphere.

To…