{"id":44281,"date":"2023-05-06T18:43:56","date_gmt":"2023-05-06T18:43:56","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme"},"modified":"2023-05-06T19:05:18","modified_gmt":"2023-05-06T19:05:18","slug":"impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme","title":{"rendered":"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>Impact Oil &amp; Gas, a privately-owned exploration company focused on Africa, has raised N$1.7 billion from its shareholders to evaluate an oilfield off the coast of Namibia. The capital raised will be used to fund the company\u2019s share of the multi-well drilling programme in Namibia to further evaluate and appraise the Venus discovery, a world-class, light-oil and associated gas field announced in February 2022.<\/p>\n<p>The drilling programme is expected to provide significant benefits for Namibia\u2019s economy and job market, as well as contribute to the country\u2019s growing reputation as a key player in Africa\u2019s energy sector. The discovery of Venus is particularly significant, as it has the potential to provide a significant source of light oil and associated gas to the country, which could be used to meet domestic energy needs and support economic growth.<\/p>\n<p>One of the contributors to the funding offer was Canadian-listed oil and gas company Africa Oil Corp, which provided N$577.2 million (US$31.4 million) and in turn, increased its stake in Impact Oil &amp; Gas to 31.1% from 30.9%. Impact Oil &amp; Gas holds a 20% and 18.89% participating interest in Blocks 2913B and 2912, respectively.<\/p>\n<p>The capital raised by Impact Oil &amp; Gas underscores the strong interest in Namibia\u2019s energy sector, particularly given the country\u2019s favourable regulatory environment and significant untapped oil and gas reserves. The country has made significant strides in recent years to attract foreign investment into its energy sector, and Venus\u2019 discovery is a testament to its potential.<\/p>\n<p>As the drilling programme gets underway, Namibians can look forward to the economic benefits that could arise from the development of the Venus discovery. From increased job opportunities to a boost in economic activity, the discovery has the potential to transform Namibia\u2019s energy sector and contribute to the country\u2019s overall economic growth.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. Impact Oil &amp; Gas, a privately-owned exploration company focused on Africa, has raised N$1.7 billion from its shareholders to evaluate an oilfield off the coast of Namibia. The capital raised will be used to fund the company\u2019s share of the multi-well drilling programme in Namibia to further evaluate and appraise the Venus [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":44280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,249],"tags":[234,236,233],"class_list":["post-44281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme - Namibia<\/title>\n<meta name=\"description\" content=\"Impact Oil &amp; Gas, a privately-owned exploration company focused on Africa, has raised N$1.7 billion from its shareho ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme\" \/>\n<meta property=\"og:description\" content=\"Impact Oil &amp; Gas, a privately-owned exploration company focused on Africa, has raised N$1.7 billion from its shareho ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-06T18:43:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-06T19:05:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"447\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme\",\"datePublished\":\"2023-05-06T18:43:56+00:00\",\"dateModified\":\"2023-05-06T19:05:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme\"},\"wordCount\":324,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme\",\"name\":\"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg\",\"datePublished\":\"2023-05-06T18:43:56+00:00\",\"dateModified\":\"2023-05-06T19:05:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Impact Oil &amp; Gas, a privately-owned exploration company focused on Africa, has raised N$1.7 billion from its shareho ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg\",\"width\":720,\"height\":447,\"caption\":\"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme - Namibia","description":"Impact Oil &amp; Gas, a privately-owned exploration company focused on Africa, has raised N$1.7 billion from its shareho ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme","og_locale":"en_US","og_type":"article","og_title":"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme","og_description":"Impact Oil &amp; Gas, a privately-owned exploration company focused on Africa, has raised N$1.7 billion from its shareho ...","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-05-06T18:43:56+00:00","article_modified_time":"2023-05-06T19:05:18+00:00","og_image":[{"width":720,"height":447,"url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme","datePublished":"2023-05-06T18:43:56+00:00","dateModified":"2023-05-06T19:05:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme"},"wordCount":324,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy","head lines","to-homepage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme","name":"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg","datePublished":"2023-05-06T18:43:56+00:00","dateModified":"2023-05-06T19:05:18+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Impact Oil &amp; Gas, a privately-owned exploration company focused on Africa, has raised N$1.7 billion from its shareho ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/postQueueImg_1683382449.81.jpg","width":720,"height":447,"caption":"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/impact-oil-gas-raises-n1-7-billion-for-namibia-oilfield-drilling-programme#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"Impact Oil &amp; Gas Raises N$1.7 Billion for Namibia Oilfield Drilling Programme"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/44281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=44281"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/44281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/44280"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=44281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=44281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=44281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}