New policies African Exploration 'Meanwhile, Namibia is pushing...

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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