If there’s one thing three of the world’s most prominent geologists, geochemists and drill completion experts agree on it’s this: Namibia’s Kavango Basin could end up being the last major onshore oil discovery on Earth.

There’s almost no known major sources of oil or gas left to discover on land, except in a few wildly underexplored parts of Africa.

There aren’t likely to be any more huge discoveries in Nigeria and Angola, Africa’s No. 1 and No.2 producers, respectively, and environmental disasters, corruption, and heavy-handed tax regimes are rendering both increasingly toxic.

Namibia hasn’t produced a single barrel of oil in its history – onshore or offshore.

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Source: Oil Price