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Paradise Closing: Oil Drilling Begins in Okavango Delta
WINDHOEK, Namibia, February 1, 2021 (ENS) – The fate of one of Africa’s most valuable ecosystems will depend on results from wells being drilled deep into the bedrock beneath the Kalahari Desert of northern Namibia and Botswana in the hunt for a petroleum reservoir. If the search by Canadian oil and gas company ReconAfrica is successful, the region could be irrevocably transmogrified by networks of access roads, truck traffic and heavy machinery, pipelines, drill rigs and hundreds of oil and gas production wells.
ReconAfrica’s oil and gas prospecting concessions border the Kavango River for a distance of some 150 kilometers (93 miles). This river is a crucial source of water in a semi-arid area and the lifeline for one of Africa’s greatest concentrations of wild species in the Okavango Delta into which it discharges.
In Namibia, an African venue that is being set up as the scene of the world's next—and possibly last—major onshore oil discovery, the oil and gas rights to an entire 8.5-million-acre sedimentary basin are owned by a single, small company. Mentioned in today's commentary includes: Occidental Petroleum Corporation (NYSE: OXY), Kinder Morgan, Inc. (NYSE: KMI), Equinor ASA (NYSE: EQNR), Apache Corporation (NASDAQ: APA), Crescent Point Energy Corp. (NYSE: CPG).
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