Namibia could be on the threshold of becoming the world’s next eye-catching oil discovery ‘hot spot’ as the country continues to ‘turn in’ several major discoveries and to promise more, a circumstance that has caused the Southern Africa territory to be dubbed the ‘new Guyana,” according to an August 23 article written by Energy Writer Felicity Bradstock (Namibia’s Oil And Gas Sector Sparks Global Investment Rush) and published by oilprice.com a leading global energy news site. The surfeit of recent oil finds in the country’s territorial waters suggests that there could be more oil yet to come, the indications reportedly having attracted an influx of foreign investment and raising hopes in the Southern Africa territory that it could eventually become one of Africa’s ‘big players’ in the energy sector.
