The Villager Newspaper·4 min read·medium
Venus Well Development and Operation Investment Estimated at US$18bn …over US$2 billion will be spent locally
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Nghiinomenwa-vali Erastus
✦AI Summary
The Venus offshore oil project in Namibia is nearing a final investment decision with an estimated $18 billion total cost. The project aims to boost the local economy by spending over $2 billion in-country and creating thousands of jobs through a new training academy.
The Venus well project, which is on the cusp of its Financial Investment Decision (FID), is estimated to require capital development/investment of over US$11 billion in the development phase.
businesseconomy
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