The progress of the oil and gas industry in Nambia seems to have encountered a hitch after four wells were found to be dry after being drilled. This is more so when considered against the backdrop that the dry holes were located in areas considered to be 'promising'.
The two most affected victims are the Brazilian Independent, HRT and Chariot Oil & Gas. Wingat-1 and Murombe-1 were drilled in Petroleum Exploration Licence (PEL) 23, in water depths exceeding 1,400metres in the Walvis basin by the Brazilian Independent, HRT but have both been abandoned.
Similarly, Chariot Oil & Gas had reported, in March 2012, that the Tapir South well, in block 1811A in the Namibe basin, had turned out dry. The company reported a second dry well, Kabeljou, in the same basin in September 2012.
Legal Issues in the African Energy Sector
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