The recent allegations of impropriety and controversies surrounding the leadership of the National Petroleum Corporation of Namibia (Namcor) have sparked widespread concern. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. It. Restrictions on grant of licences. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. The Government of the Republic of Namibia. •Facilitated the procurement of goods and services in line with the public. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. Source: AP Group Namibian national oil company Namcor is progressing plans to further develop the. Downstream activities generally refer to the marketing and distribution of petroleum products. We are actively involved in sourcing and selling as well as the distribution of petroleum products. Shell Namibia Upstream BV (Shell) has a 45% participating interest in Petroleum Exploration License 39 (PEL 39), located offshore Namibia, with a 45% interest held by Qatar Energy and a 10% interest held by the National Petroleum Corporation of Namibia (NAMCOR). ". The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. com. The Government of the Republic of Namibia. Prohibition on carrying out certain operations without licence. November 7, 2023 Cobus Theyse. View Contact Info for Free. The Qatari national oil company has a stake of 45% in the PEL-39 licence. The facility is currently operating at 60% of its capacity. Namibia; Core Values; Board of Directors; Executive Management; Stakeholders; National Legal Framework; Corporate Social ResponsibilityNational Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. Further work is needed to determine the quality and size of. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@namcor. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. Is there oil in Namibia? An estimated 11 billion barrels in oil reserves have been found off Namibia’s coast, with the first production planned within four years, mines and energy minister Isak Katali announced Wednesday. na. LPG Liquid Petroleum Gas MME Ministry of Mines and Energy MW Mega-Watt NAMCOR National Petroleum Corporation of Namibia NamPower Namibia Power Corporation NEC National Energy Council NEF National Energy Fund NEI Namibia Energy Institute NERA Namibia Energy Regulatory Authority NIRP National Integrated Resource Plan. The Ministry of International Relations and Cooperation. Windhoek Namibia Responsible for Old Mutual Namibia's investment management business, with N$30 billion in pension fund, long term insurance. Namcor has no regulatory authority nor statutory right to participate in petroleum development. 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). In a press statement, QatarEnergy noted that the light oil discovery in the Jonker-1X deep-water exploration well was made after drilling in the PEL-39 exploration license, offshore Namibia. National Petroleum Corporation of Namibia (NAMCOR) is a national oil company. V. Hamukwaya sued the state oil. 10. The repository features plain language summaries of each contract’s key social, environmental, human rights, fiscal, and operational terms, and tools for searching and comparing contracts. November 7, 2023 Cobus Theyse. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. JBS Facilities. Diana Vekarapi is a Business Systems Analyst at National Petroleum Corporation of Namibia based in Windhoek, Khomas. This is an average of over N$620 000 per. View Contact Info for Free. Functions of Corporation Part IV – General provisions relating to licences 9. NAMCOR and the Government of the Republic of Namibia have identified the Kudu Gas Project as one of its key and ultimate responses to the looming energy crisis in the country. Jennifer Comalie (Chairperson) / Mr. 3 billion from the National Oil Storage Facility (NOSF). Nestor Sheefeni is the Engineering & Technical Services Executive at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Namcor. Two opposition parties. But the Constitution goes on further to say that such ownership must be exercised within the limits and confines of the law, including duly signed agreements. National Petroleum Corporation of Namibia 8. Last Update. Prohibition on carrying out certain operations without licence 10. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they. Email. I fully recommend Davidt for any position within his academic and professional profile!!!!!!”. National Petroleum Corporation of Namibia (Pty) Ltd. QatarEnergy said that it has found oil offshore Namibia making it the third offshore oil discovery made in the African country. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentThe National Petroleum Corporation of Namibia, NAMCOR, is a legally enacted entity with limited liability under the Namibian Companies Act of 1973. Namibia is the fourth largest exporter of nonNamibia’s competitive petroleum exploration scene has also helped the state-owned National Petroleum Corporation of Namibia (NAMCOR) to take a stand in shaping the country’s prospects. The National Petroleum Corporation of Namibia's (NAMCOR's) main tasks up to 1998 have been the acquisition of data and the promotion of Namibia's petroleum potential. Notice of receipt of application for exemption in respect of certain restrictive practices, Competition Act, 2003 (Section 27 (3), Rule 21 (2)) concerning: National Petroleum Corporation of Namibia (PTY) LTD (“NAMCOR”) Case no: 2018DEC0005EXEMP. Applications for, or renewal or transfer of, licenses or for approval for granting, cession or. The company also acts as advisor to the Ministry of Mines and Energy and assists it in monitoring the. Multinational oil and gas company, Shell, has been actively exploring Namibia’s offshore basins since 2014. 3% in 2012, 13. The National Petroleum Corporation of Namibia (Namcor) has agreed to pay its finance executive, Jennifer Hamukwaya, N$1,6 million to leave the company. National Petroleum Corporation Of Namibia. na, Board of Directors: Ms. Our world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. In the past NAMCOR did not seek a participatory interest in licenses awarded. The discovery was made on the Petroleum Exploration License 39 – owned by Shell (45%), Qatar Petroleum (45%) and the National Petroleum Corporation of Namibia (10%) – with Shell as the operator. ”. The National Petroleum Corporation of Namibia (Pty) Ltd “NAMCOR” and its subsidiaries are governed by a Board of Directors appointed by the Minister of Mines and Energy and it recognizes that good Corporate Governance is vital to the Organisation to ensure compliance with laws and legislative frameworks, and for accountability The National Petroleum Corporation of Namibia (NAMCOR) led a strategic workshop on Tuesday at the Namibia International Energy Conference (NIEC) 2023 in Windhoek, under the theme, “Understanding Namibia’s Onshore and Offshore Hydrocarbon Potential. ) (hereinafter referred to as “Shell”) on 19 December 2013 took transfer of and assumed all the interests, rights and obligations of Signet and Cricket in petroleum exploration licence PEL 0039 and the Agreement;Partners are QatarEnergy (45%) and the National Petroleum Corp. 6% in 2014) is also very important and makes it one of the largest economic sectors of the. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. National Petroleum Corporation of Namibia Aug 2014 - Present 9 years 4 months. and Qatar Energy – announced the discovery of sizeable quantities of light oil in both primary and secondary targets at the Graff-1 well offshore Namibia late February 2022, ushering in a new era of hydrocarbon exploration and production. Vitol also wants special treatment from government if the state gives the National Petroleum Corporation of Namibia (Namcor) the right to exclusively import 50% of Namibia's petroleum needs. Growing Projections For Namibia’s Petroleum Industry Amidst Covid-19. 7 June 2023. 4 national pEtrolEum Corporation oF namibia AnnuAl RepoRt 2015 GloSSARY oF teRMS the oil and gas industry is typically divided into two major compo-nents: upstream and downstream operations. procurement policy. Shell will hold a 45 interest as the operator while the National Petroleum Corporation of Namibia (NAMCOR) will hold the remaining 10 per cent interest. (previously known as Shell Exploration and Production (LXVIII) B. The board chairperson, Jennifer Comalie, confirmed this. Definitions (1) In this Act, unless the context indicates otherwise - “ block ” means any area on land. V. Under the agreement, the two companies will jointly pursue an ongoing petroleum exploration program in the Kavango East and Kavango West regions of Namibia, with ReconAfrica covering the full costs to. 19 April 2023. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. com/guides/auto-opening-announcement-popups/ NAMCOR is the National Petroleum Corporation of Namibia and is a legally enacted entity with limited liability under the Namibian Companies Act of 1973. . PART IV . A LOOK AT WHAT’S NEXT FOR NAMCOR. question whether the Cabinet of the Government of the Republic of Namibia acted lawfully in October 2010 when it revoked the mandate of the National Petroleum Corporation of Namibia (Pty) Ltd (“Namcor”) to import 50% of Namibia‟s annual requirement of petroleum products. Section 8 defines the functions of the National Petroleum Corporation of Namibia. View Contact Info for Free. The repository features plain language summaries of each contract’s key social, environmental, human rights, fiscal, and operational terms, and tools for searching and comparing contracts. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. Faraday Street, Otjiwarongo. General powers of Commissioner and Chief Inspector are defined in section 4. Whereas Shell Namibia Upstream B. com/guides/auto-opening-announcement-popups/The National Petroleum Corporation of Namibia (Namcor) was appointed by government to manage and operate the national oil storage facility (NOSF) in Walvis Bay. Having completed three seismic surveys of the Petroleum Exploration License (PEL) 39 – of which Shell has a 45% participating interest – between 2014 and 2019, the company went on to safely drill the. ) (hereinafter referred to as “Shell”) on 19 December 2013 took transfer of and assumed all the interests, rights and obligations of Signet and Cricket in petroleum exploration licence PEL 0039 and the Agreement;NATIONAL PETROLEUM CORPORATION OF NAMIBIA (PTY) LTD Company Profile | WINDHOEK, Namibia | Competitors, Financials & Contacts - Dun & Bradstreet Find company research, competitor information, contact details & financial data for !company_name! of !company_city_state!. The National Petroleum Corporation of Namibia (Namcor) has agreed to pay its finance executive, Jennifer Hamukwaya, N$1,6 million to leave the company. Timoteus Ekandjo (Vice Chairperson) / Mr. Successfully led the implementation of a terminal management system. Prohibition on carrying out certain operations without licence . “We can confirm that the negotiation. An online repository of publicly available oil, gas, and mining contracts. Rikumbi Kandanga Street, Walvis Bay. The Government of Namibia seeks to engage firms to compete for multi-billion U. na, Board of Directors: Ms. Report this profile About My objective is to be able to apply my knowledge of Human Resource Disaster Recovery, and contribute in the achievement of organisational goals. 5 million barrels a day, which is needed for the country’s development. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . (Bloomberg) — Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste Treatment In early February 2022, a sizeable discovery of light oil at the Graff-1 well offshore Namibia was made by the National Petroleum Corporation of Namibia (Namcor) in partnership with Shell Namibia Upstream B. National Petrolium Corporation of Namibia(NAMCOR) National Petroleum Corp. Timoteus Ekandjo (Vice Chairperson) / Mr. Contact NumberThe National Petroleum Corporation of Namibia (Namcor) board of directors has suspended the company’s managing director, Immanuel Mulunga. Opportunities. This is in stark contrast with the recent vaccination policy instituted by the National Petroleum Corporation of Namibia (Namcor), which required all staff to be. 14. Kandjoze holds a Master of Science degree in geology from the University of Helsinki, Finland, a Bachelor of Science degree, also in geology, from the University of Cape Town. HERE IS TODAY’S BULLETIN FOR 08H00FRIDAY, 24 NOVEMBER 2023NAMIBIA PRESS AGENCY 1 (WINDHOEK, 24 NOV, NAMPA) - The National Petroleum Corporation of Namibia (Namcor)’s board of directors is. Latoya Geingos is a Business Strategy & Performance Management Secretary at National Petroleum Corporation of Namibia based in Windhoek, Khomas. The agreement provides the framework for cooperation between QatarEnergy and NAMCOR E&P to support and develop a sustainable upstream oil and gas sector in Namibia,. ExxonMobil, currently exploring the frontier Namibe Basin in partnership with the National Petroleum Corporation of Namibia (NAMCOR); Qatar Petroleum and Shell, who have exploration campaigns in Block 2913A and 2914B. NAMCOR (National Petroleum Corporation of Namibia) is the national oil company of Namibia, with the mission of creating value to all its stakeholders across the oil and gas value chain. (a) an Exploration Licence to be issued in accordance with the provisions of section 34 of the said Petroleum (Exploration and Production) Act 1991, to Signet Petroleum Limited, Cricket Investments (Pty) Ltd and National Petroleum Corporation of Namibia upon signature of this Agreement and delivery by same to the Minister of Mines and Energy of the Bank guarantee and the performance guarantee. Read More. National Accounts for 2022 showed that the size of the economy as measured by real Gross Domestic Product (GDP) grew by 3. The Foschini Group (TFG) donated school uniforms (shoes, socks,. Jennifer Comalie was arrested at the company. As an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities, Eco Atlantic has been keen. Walvis Bay, Erongo Region, Namibia. the resulting hydrocarbon molecules (fractions) often are further treated to change their size or structure, which makes them more usable. BW Energy said on Thursday that the agreement increases BW Kudu’s working interest in the Kudu license offshore Namibia from 56 per cent to 95 per cent. Corporation Of Namibia (Proprietary)Limited. The Gas produced from the Kudu Gas Field will. “We can confirm that the negotiation was unsuccessful,” Namcor spokesperson Paulo Coelho confirmed on Tuesday. Shell, which has a similar stake, is the operator of the licence. Leon Hermann is a Manager at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Engage via Email. Under the Petroleum (Exploration and Production) Act of 1991 NAMCOR (Pty) Ltd has the right to carry out reconnaissance. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely. To get a job at National Petroleum Corporation of Namibia, browse currently open positions and apply for a job near you. NAMCOR Exploration and Production Pty Ltd (NAMCOR) is seeking potential partners or investors for 3 permits, PEL 67, 72 and 79 they operate in the Orange Basin, offshore Namibia and has applied a closing date of 31st July 2021 to bids for these permits. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. This decision was made by the Namcor board during a sitting on 27 January. On June 11, 2021 the National Petroleum Corporation of Namibia (NAMCOR) and ReconAfrica executed a Joint Operating Agreement (JOA). of Namibia (NAMCOR) (10%). The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the. June 6, 2023 at 7:28 AM PDT. The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. By. Siegfried Neumann. Government constructed the facility to increase Namibia’s security of supply of fuel and petroleum products from a concerning seven to 10 days to a more manageable 30 days. 1 day ago · The Namibian National Petroleum Corp. Ellanie Smit. The consortium partners comprising QatarEnergy (45 percent interest), Shell (operator, 45 percent interest) and National Petroleum Corporation of Namibia “NAMCOR” (10 percent interest), have. the Upstream oil sector refers to the search for and the recovery and production of crude oil and natural gas, also known as the exploration and. and Qatar Energy – announced the discovery of. The Namibian government plans to fast-track the project for production to commence by 2026. Private Bag 13196, Windhoek, Namibia. V. Canadian company Reconnaissance Energy Africa and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have been granted approval to resume exploration in the. 11. NAMCOR will retain the remaining 5 per cent working interest. View Sauraya’s full profile See who you. 11/12/2023 8:18 PM. Namibia’s competitive petroleum exploration scene has helped the state-owned National Petroleum Corporation of Namibia (NAMCOR) to take a stand in shaping the country’s prospects. Sep 2019 - Present 4 years 3 months. BW got hold of the initial 56 per cent in the licence back in February 2017, also through an. About Us: We are a legally enacted entity under the Namibian Companies Act of 1973 with the. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. [email protected] National Petroleum Corporation of Namibia (PTY) Ltd (Namcor) is a private company duly incorporated under the company laws of Namibia, and is wholly owned by the government of the Republic of Namibia. It also assists the Ministry with the administration of the Petroleum (Exploration and Production) Act. Mining is the biggest contributor to Namibia 's economy in terms of revenue. Energ y and economic development: Namibia's economy consists primarily of mining and manufacturing and its economy is tied closely to South Africa’s. Source: AP Group Namibian national oil company Namcor is. THE National Petroleum Corporation of Namibia (Namcor) has partnered with several companies to build fuel service stations across the country, an arrangement that includes politically connected. Namcor will co-own the oil blocks with Angola’s state-owned oil entity, Sonangol, and two other partners in a joint venture known as Sungara Energies. Aron Tjihumino's Phone Number and Email. NATIONAL PETROLEUM CORPORATION OF NAMIBIA ANNUAL REPORT 2018 / 2019 11 GOVERNANCE, LEGAL, RISK AND COMPLIANCE The Governance Department, guided by its growth focus, service areas, departmental and strategic projects, provides the following on-going services to the Board of Directors and the business with its different departments: Windhoek: Namibia announced on Monday the discovery of light oil off the country’s southern coast, the third such find in a year. com. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. He has worked for the National Petroleum Corporation of Namibia. Control Board of Namibia (ECB), Namibia Power Corporation (NamPower), National Petroleum Corporation of Namibia (NAMCOR), the Namibia Energy Institute (NEI), the National Planning Commission (NPC), the Ministry of Finance, and the Ministry of Environment and Tourism. The initial development plan for the field was a gas-to-power project, with Namibia Power Corporation (NAMPOWER) as the downstream partner. National Petroleum Corporation of Namibia (NAMCOR) Address: Private Bag 13196 Windhoek: Phone +264 6122 1699: Fax +264 6122 1785: Our Partners Namibia Partners. Factual background Aron Tjihumino has been working as a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia for 7 years. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. of Namibia (Namcor) with 10%, and Custos Investments (Pty) Ltd. na. Timoteus Ekandjo (Vice Chairperson) / Mr. Shell will hold a 45 percent operated interest in the asset and the National Petroleum Corporation of Namibia (NAMCOR) will hold the remaining 10 percent stake. During the 2004 Namibia National Science Awards, organised by the Namibian Ministry of Education, and held in Windhoek, Dr Sindila Mwiya was awarded the Geologist of the Year forThe multi-billion-dollar facility was constructed to increase Namibia's security of supply of fuel and petroleum products from a concerning seven to 10 days to a more manageable 30 days or more. Canada-based Sintana Energy reported on 21 December that Namibia’s Minister of Mines and Energy had granted a second one-year extension to the current, first four-year. . Previously, Diana was a Part-Time Tutor at The Hong Kong Polytechnic University and also held positions at Polytechnic of Namibia, Silnam IT Solutions, Silnam IT Solutions, Polytechnic of Namibia, Bank of Ann. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. Galp is operator of PEL 83 (80%) with partners the National Petroleum Corporation of Namibia (NAMCOR) (10%), and Custos Energy (10%). The three are in a joint venture; Shell Namibia B. Represented by Namibian-based law firm,. 1 Aviation Road, Petroleum House Private Bag 13196, Windhoek. In line with this goal, the National Petroleum Corporation of Namibia (NAMCOR) has joined Africa’s biggest energy event, the African Energy Week (AEW) (conference and exhibition — taking place from October 18-21, 2022, in Cape Town — as a platinum sponsor, with a delegation coming to the Cape Town event to discuss. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNAMIBIA GAME CHANGER For Namibia, situated on the western coast of southern Africa and best known for its wildlife reserves and the Namib desert, the initial oil finds alone are likely to double. A Commissioner for Petroleum Affairs, a Chief Inspector of Petroleum Affairs, and designation other officers shall be appointed by the Minister under section 3. The construction of the multi-billion-dollar National Oil Storage Facility (NOSF) commenced in January 2015 under the Ministry of Mines and Energy and consists of a tanker jetty, multiple product pipelines and a terminal with a capacity of 75 million litres of combined petroleum products. com/guides/auto-opening-announcement-popups/National Petroleum Corporation of Namibia (NAMCOR) Mar 2014 - Present 9 years 9 months. Immanuel Mulunga. The National Petroleum Corporation of Namibia will attend AEW 2022 as a platinum sponsor, shaping discussions around making energy poverty history on the back of oil, gas and green hydrogen. Promoting Namibia’s national interests internationally. This joint venture. Namibia aims to fast track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell , a senior energy official told Reuters on Monday. 5% in 2011, 12. PART IV General provisions relating to licences 9. Namibia’s Ministry of Mines and Energy (MME) has given its official endorsement to the premier Namibia Oil and Gas Conference which will take place this August (16-17) in Windhoek, with the confirmed participation from the Right Honourable Saara Kuugongelwa-Amadhila, Prime Minister of the Republic of Namibia and Hon. 4. Jennifer Comalie (Chairperson) / Mr. Moderated by ReconAfrica’s Head of Communication and Stakeholder Relations, Mwanyengwa. Petroleum (Exploration and Production) Act 1991, to Signet Petroleum Limited, Cricket Investments (Pty) Ltd and National Petroleum Corporation of Namibia upon signature of this Agreement and delivery by same to the Minister of Mines and Energy of the Bank guarantee and the performance guarantee referred to in clauses 4 and 30 of the. Gazetted Notice on NAMCOR's Exemption request 14February 2019. T +264 61 204 5000 F +264. Fax: +264 61 204 5061 /30 / 92. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . THE National Petroleum Corporation of Namibia (Namcor) wants to have three additional bulk fuel storage facilities at Ondangwa, Gobabis and in Windhoek, and is now looking for someone to construct and finance them. 3 billion from the National Oil Storage Facility (NOSF). Restrictions on grant of licences 11. National Fishing Corporation of Namibia Act 28 of 1999. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. com. Uranium is one of the most exported commodities of Namibia. Last April, Namcor, Sequa Petroleum from Britain, and Petrolog Group formed a group called Sungara Energies. The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNational Petroleum Corporation of Namibia (NAMCOR) University of KwaZulu-Natal. na. , or Namcor, posted a loss of 700 million Namibian dollars ($37 million) and said it faces “significant cash flow challenges” due to the lack of working. Namcor imported 20 million litres of ULP (unleaded petrol) of which 3. The National Petroleum Corporation of Namibia (Namcor) has urged the media and the public to be patient as it will not disclose additional information concerning a N$100-million. Gobabis Depot . 5% in 2021 and 4. Their world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. The Qatari energy giant announced two similar discoveries in February 2022 in the Graff-1 well and in the Venus-1X prospect, both located in the Orange Basin offshore Namibia. Listen. In the meantime, the company has failed to appoint banker Lionel Matthews as its acting managing. NAMCOR Otjiwarongo Depot. Hydrocarb Energy Corporation has announced that its subsidiary, Hydrocarb Namibia Energy Corporation Ltd. Since Managing Director Immanuel Mulunga took charge, the corporation. of Namibia, said in a Bloomberg TV. na, Board of Directors: Ms. Namibia is in the process of creating an overarching National Adaptation Plan, which will supply further detail for national adaptation priorities and implementation of long-term strategies. NAMCOR (National Petroleum Corporation of Namibia) is the national oil company of Namibia, with the mission of creating value to all its stakeholders across the oil and gas. NAMCOR's main business is to ensure the optimum exploitation of Namibia's petroleum resources and meaningful Namibian participation in resulting business developments in petroleum related exploration activities. 22 June 2023. By. Key highlights and significance of this development in the broader oil and gas sector. Uranium deposits are situated at the Rössing mine near the Swakopmund coastline. As a constitutional democracy of processes, systems and institutions, changes, including additional shares to the State/National Petroleum Corporation of Namibia must only be done in accordance. The National Petroleum Corporation (NPC) is a statutory body set up with responsibility for the management of the distribution of natural gas supply in Barbados for domestic, commercial and industrial use. Since 2013, the Namibian Ports Authority, the National Petroleum Corporation of Namibia and the Ministry of Agriculture have borrowed over N$21 billion. These provisions, inter alia, provide that the holder of a production licence is under an obligation to establish a trust fund after 50% of the estimated recoverable. the construction of a retail fuel station for namcor at paradise in rundu, kavango east region, namibia: omhangela construction cc: download: sc/rp/nc-10/2021: the design, supply of. The National Petroleum Corporation of Namibia plans to enter the fuel retail sector are at an advanced stage, with our first retail site expected to become fully operational before the end of 2017. RECONAFRICA’s First of Three Wells Confirms a Working Petroleum System in the Kavango Basin, Namibia - 16 April 2021 Delayed Publication of the 2019/2020 Annual Report - 01 April 2021 Successful Handover of National Oil Storage Facility - 29 March 2021 The upstream partners in the Kudu Gas Field, Block 2814A are the National Petroleum Corporation of Namibia (NAMCOR) with 95% and BW Offshore with 5% as the operator. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. com/guides/auto-opening-announcement-popups/ The Anti-Corruption Commission (ACC) is expected to finish interviewing individual board members of the National Petroleum Corporation of Namibia (Namcor) today over their role in an Angolan oil joint venture in which the company has a stake. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. “ Davidt is a dedicated executive with wide experience in business administration and petroleum industry. Jennifer Comalie (Chairperson) / Mr. com. products made from refined crude include gasoline, diesel, kerosene, petroleum coke, Kandjemuni Kamuiiri The National Petroleum Corporation of Namibia (Namcor) is in fix after importing fuel worth N$600 million despite its service stations only able to consume eight percent of the order. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. An online repository of publicly available oil, gas, and mining contracts. It offers various petroleum products and. The discovery in the Jonker-1X deep-water exploration well, located anout 270 kilometres off the coast of , was made by a joint venture of , QatarEnergy and Namcor, the company announced on Monday. Orange Basin Discovery National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. ACT To provide for the reconnaissance, exploration, production and disposal of, and the exercise of control over, petroleum; and to provide for matters incidental thereto. Namibia; Core Values; Board of Directors; Executive Management; Stakeholders; National Legal Framework; Corporate Social Responsibility NDUME TRADING, RAFS RAINBOW AVIATION FUELING, SKY WAY INVESTMENTS AND ACER LOGISTICS NAMIBIA: Download: NCS/ONB/NC-08/2021: Provision of Clearing Agency Services for NAMCOR Petroleum Products Imports and Exports Via Vessel and Trucks for a Period of Three (3) Years: Hilenish Investment cc: Download: G/OIB/NC-01/2021 Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. The Corporate Social Responsibility Policy has three key focus areas namely education, environment and community upliftment. The discovery in the Jonker-1X deep-water exploration well, located anout 270 kilometres off the coast of , was made by a joint venture of , QatarEnergy and Namcor, the company announced on Monday. l@namcor. 10. The PEL 39 blocks are located offshore Namibia in ultra-deep-water depths of about 2,500 metres, covering an area of approximately 12,300 square kilometres. 11/12/2023 4:56 AM. In December 2017, Pancontinental signed a Petroleum Agreement with the Ministry of Mines and Energy of Namibia (Ministry) and Namibian partners for PEL. His trustworthy with people and company's property is something anyone will admire. Read More. Namibia’s oil and gas sector is still in the exploration stage. Hercules Oil Rig Makes arrives in Walvis Bay Last week, the National Petroleum Corporation of Namibia (Namcor) welcomed the arrival of the Hercules semi-submersible rig at Walvis Bay. Ellanie Smit. These provisions, inter alia, provide that the holder of a production licence is under an obligation to establish a trust fund after 50% of the estimated recoverable reserves. V. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. , or Namcor, posted a loss of 700 million Namibian dollars ($37 million) and said it faces “significant cash flow challenges”. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. The National Petroleum Corporation of Namibia plans to enter the fuel retail sector are at an advanced stage, with our first retail site expected to become fully operational before the end of 2017. The National Petroleum Corporation of Namibia (Namcor) was appointed by government to manage and operate the NOSF in Walvis Bay. However, at the request of the Minister. The upstream petroleum industry in Namibia is primarily regulated by the Petroleum (Exploration and Production) Act 1991 (Act 2 of 1991) – the. ) Ltd. Two major oil discoveries were made during the first. NAMCOR National Petroleum Corporation of Namibia NAPA National Adaptation Plan of Action NAMAs national appropriate mitigation actions NDP national development plans NEP National Energy Policy NO nitrous oxide OPPPI Office for the promotion of private power investment. Following two sizeable oil and gas discoveries made this year as well as the launch of a large-scale green hydrogen project, Namibia is looking at. National Petroleum Corporation of Namibia (NAMCOR) Address: Private Bag 13196 Windhoek: Phone +264 6122 1699: Fax +264 6122 1785: Our Partners Namibia Partners. State of Namibian Energy: National Petroleum Corporation of Namibia (NAMCOR) Outlines Project Progress Address Ahead of African Energy Week (AEW) 23 Jun 2, 2023 Africa Press Release Following a series of upstream success, Namibia has emerged as a highly attractive E&P play, with a series of investors and project developers turning their. This is in stark contrast with the recent vaccination policy instituted by the National Petroleum Corporation of Namibia (Namcor), which required all staff to be vaccinated or to bear the cost of. . WINDHOEK, 23 NOV (NAMPA) - The National Petroleum Corporation of Namibia (Namcor)’s board of directors is currently studying an investigation report on the internal maladministration. and Qatar Energy. Hercules oil rig arrives at Walvis Bay: The National Petroleum Corporation of Namibia (Namcor) welcomed the arrival of the Hercules semi-submersible… Liked by Immanuel Mulunga By 2030, #Guyana’s hydrocarbon production could reach about 1. The Government of the Republic of Namibia is its sole shareholder. com. THE National Petroleum Corporation of Namibia (Namcor) has increased its revenue inflows from N$600 million six years ago to N$2,6 billion currently. Acquire Petroleum Products from International Markets and Ensure Efficient Import of this Products into Namibia. Implement the Human Capital strategy to ensure that NAMCOR has an adequate human resources capacity to achieve business goals and objectives. Shell, which has a similar stake, is the operator of the licence. The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of Namibia (NAMCOR). Despite the Ministry of Energy and Mines and Shell awaiting the results on the commercial viability of the find, the discovery has. 1991 The Petroleum (Exploration and Production) Act 1991 is passed. Tel: +264 64 200 265 . The purpose of the enterprise is to provide and maintain an adequate, reliable, competitive, safe and efficient gas service to customers at. , has received a one year license extension and an environmental clearance to complete the 2D data acquisition portion of the Initial Exploration Period of its' 2011 Petroleum Agreement with the Republic of Namibia. 7 June 2023. Newest African oil jackpot: Namibia must overcome a long-standing corruption curse. ) (hereinafter referred to as “Shell”) on 19 December 2013 took transfer of and assumed all the interests, rights and obligations of Signet and Cricket in petroleum exploration licence PEL 0039 and the Agreement; NATIONAL PETROLEUM CORPORATION OF NAMIBIA (PTY) LTD Company Profile | WINDHOEK, Namibia | Competitors, Financials & Contacts - Dun & Bradstreet Find company research, competitor information, contact details & financial data for !company_name! of !company_city_state!. ” - ReconAfrica estimates they could extract Possibly 120 billion barrels of oil [2] - ReconAfrica holds a 90% interest in a petroleum exploration license in. Leon Hermann's Phone Number and Email. National Petroleum Corporation Of Namibia (PTY) Ltd Address: 1 Aviation Rd, Airport, Windhoek, Namibia City of Namibia Private Bag 13196, Windhoek, Namibia Phone number: 061 204 5000, 061 221 699,, Fax: 061 221 785 Categories: Petroleum Products, 5 Reviews (5 / 5) Petroleum Products. This marks a significant step forward in Namibia's oil exploration journey. NAMCOR was appointed by the Government of the. Tel: +264 67 307 588 . Once you get a positive response, make sure to find out about the interview process at National Petroleum Corporation of Namibia and prepare for tough questions. of Namibia (Pty. The facility is currently operating at 60% of its capacity. The company is tasked with the primary mandate to carry out reconnaissance, exploration, and production operations either on its own or in partnership with other organisations in the industry. I am an energetic, passionate, and dedicated individual who strives for excellence in all. +264 1129 0957. Use the CB Insights Platform to explore National Petroleum Corporation of. Walvis Bay Depot. THE National Petroleum Corporation of Namibia (Namcor) board is investigating its managing director, Immanuel Mulunga, over his involvement in a payment of N$100 million for two Angolan oil blocks. Under the Petroleum (Exploration and Production) Act of 1991 we have the mandate to carry out. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste Treatment The National Petroleum Corporation of Namibia (Namcor) is investigating transactions totalling about N$300 million involving a private company that supplies fuel and infrastructure to the military. , or Namcor, posted a loss of 700 million Namibian dollars ($37 million) and said it faces “significant cash flow challenges” due to the lack of working. Functions of corporation. In Namibia, Shell is in the early stages of exploring offshore for oil and natural gas. NAMCOR is the national oil company of Namibia, with the mission of creating value to all its stakeholders across the oil and gas value chain. The National Petroleum Corporation of Namib-ia (PTY) Ltd (Namcor), is a private company duly incorporated under the company laws ofThe French energy giant has allocated almost 50% of its global exploration budget, totaling N$5,5 billion (US$300 million), to Namibia this year, with the aim of confirming the multibillion-barrel. com. THE National Petroleum Corporation of Namibia (Namcor) is embroiled in a dirty power struggle between its board chairperson Jennifer Comalie and managing director Immanuel Mulunga over the control of the state-owned oil company. Mar 06, 2023. NAMCOR is the National Petroleum Corporation of Namibia, established under the Petroleum (Exploration and Production) Act of 1991. na Website: Kudu gas field operated by state-owned National Petroleum Corporation of Namibia and OAO Gazprom of Russia is another well-known offshore oil and gas exploration field. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. Manager at National Petroleum Corporation of Namibia. Aron Tjihumino is a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Website Address:Shell holds a 45% stake in the offshore Petroleum Exploration License 39 (PEL 39) with a 45% interest held by Qatar Petroleum and a 10% held by the National Petroleum Corporation of Namibia (NAMCOR). - Canada's ReconAfrica is a junior oil and gas company engaged in the exploration and development of oil and gas in Northeast Namibia and Northwest Botswana—the “Kavango Basin. Namcor managing director Immanuel. The energy that keeps Namibia moving forward. This is in stark contrast with the recent vaccination policy instituted by the National Petroleum Corporation of Namibia (Namcor), which required all staff to be vaccinated or to bear the cost of. Last Update. 1 person has recommended Davidt Join. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the. The Namibian National Petroleum Corp. According to the three entities, a light oil discovery. 494 likes, 21 comments - thenamibian on November 20, 2023: "A joint venture has threatened the National Petroleum Corporation of Namibia (Namcor) with a liqu. V. The National Petroleum Corporation of Namibia (Namcor) has offered Lionel Matthews N$230 000 per month to lead the national oil company, but the former banker allegedly informed. NAMIBIA PEL 87 Orange Basin PANCONTINENTAL 75%. NAMCOR Exploration and Production Pty Ltd (NAMCOR) is seeking potential partners or investors for 3 permits, PEL 67, 72 and 79 they operate in the Orange Basin, offshore Namibia and has applied a closing date of 31st July 2021 to bids for these permits. Under the helm of MD Immanuel Mulunga, indigenous petroleum corporation, NAMCOR, is intent on consolidating and growing its upstream and downstream activities while extending its reach across a variety of market sectors. Tom. Frequently Ask Questions. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they have 67%. The 4 th edition of the Namibia’s International Energy Conference will be held from 20 th – 22 nd April 2022 in Windhoek. These areas directly or indirectly support the National Development Plan 3, Harambee Prosperity Plan, the Sustainable Development Goals (SDGs) of the United Nations – which put an emphasis on eradicating poverty and. Functions of Corporation . By 2030, #Guyana’s hydrocarbon production could reach about 1. Sintana holds a 49% indirect interest in Custos. Continue Reading. In line with this goal, the National Petroleum Corporation of Namibia (NAMCOR) has joined Africa’s biggest energy event, the African Energy. Namcor managing director Immanuel Mulunga said. Namcor has no regulatory authority nor statutory right to participate in petroleum development. National Petroleum Corporation of Namibia. Acting public enterprise minister Iipumbu Shiimi said this in his response in. The National Petroleum Corporation of Namibia (Namcor) has urged the media and the public to be patient as it will not disclose additional information concerning a N$100-million. However, at the request of the Minister. National Petroleum Corporation of Namibia Contact Info: Phone number: +264 612045000 Website: What does National Petroleum Corporation of Namibia do? National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. Complimentary to this,Whereas Shell Namibia Upstream B. Namibia’s competitive petroleum exploration scene has helped the state-owned National Petroleum Corporation of Namibia (NAMCOR) to take a stand in.