Namibia, an emerging exploration frontier in Africa, is filled with abundant opportunities for discovery, propelled by the influential role of its national oil company, the National Petroleum Corporation of Namibia (Namcor). At African Energy Week (AEW), Shiwana Ndeunyema, Namcor’s acting managing director, is scheduled to provide insights into Namibia’s upstream oil and gas activities and the investment opportunities that lie in Namibia’s onshore and offshore sedimentary basins.
As the continent’s premier event for the oil and gas sector, AEW 2023 is set to take place from 16 to 20 October in Cape Town, and is expected to feature industry leaders and experts from across the globe.
Namcor recently partnered with major international oil companies, including Shell, TotalEnergies and QatarEnergy, on the discovery of light oil in wells such as Graff-1X, Venus-1X, Jonker-1X, La-Rona-1X, and Lesedi-1X. These discoveries showcase Namibia’s potential to become a significant player in the industry and stimulate economic growth, job creation and the development of local expertise. With continued strategic management and collaboration, Namibia's oil and gas sector is poised for further advancement and increased international attention.
Furthermore, Namcor actively engages in knowledge sharing initiatives, participating in industry conferences, seminars, and workshops across the continent. The company has been a key contributor to discussions on energy policy, regulations, and sustainable development within Africa's energy sector. By sharing its experiences and insights, Namcor plays a crucial role in promoting best practices and fostering cooperation among African nations.
Meanwhile, Namcor has adhered to Namibia's National Upstream Petroleum Local Content Policy, which seeks to enable meaningful and substantial involvement of Namibians and local businesses throughout the entirety of the petroleum industry's value chain. By doing so, the country can effectively harness its oil and gas resources while simultaneously empowering its citizens and driving economic progress.
"Ndeunyema and the Namcor team offer abundant investment prospects, and with their influential position in Namibia's energy sector, we eagerly anticipate hearing Ndeunyema's insights on the industry's future and the exciting opportunities it holds. Namcor’s dedication to sustainable development aligns seamlessly with AEW's objectives, and we are certain that his presence will enrich our discussions and foster fruitful collaborations during the event," said NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).