Things Hotting Up, page-5

New policies African Exploration

'Meanwhile, Namibia is pushing reforms under its open licensing system, allowing losses to be carried forward, slashing royalties to 5% and promoting its deep-water area as the conjugate passive margin of the proven and prolific plays of Brazil’s 50 billion-barrel salt basin.

Petroleum Commissioner Maggy Shino has been on tour promoting unexplored deep-water shale plays, Lower Cretaceous channel systems and Albian carbonate plays, and promising that newly interpreted data packages will soon be ready, in order to incentivise a return to the interior Etosha and Nama basins.'

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