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. Sintana holds a 49% indirect interest in Custos. Tel: +264 64 200 265 . Source: AP Group Namibian national oil company Namcor is progressing plans to further develop the. Represented by Namibian-based law firm,. Sintana has 49% carried interest through its indirect. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. Multinational oil and gas company, Shell, has been actively exploring Namibia’s offshore basins since 2014. The purpose of the enterprise is to provide and maintain an adequate, reliable, competitive, safe and efficient gas service to customers at. The National Petroleum Corporation of Namibia (Namcor) has agreed to pay its finance executive, Jennifer Hamukwaya, N$1,6 million to leave the company. 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. 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. 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. Walvis Bay Depot. Corporation Of Namibia (Proprietary)Limited. National Petroleum Corporation of Namibia . Engage via Email. 14. Sep 2019 - Present 4 years 3 months. In December 2017, Pancontinental signed a Petroleum Agreement with the Ministry of Mines and Energy of Namibia (Ministry) and Namibian partners for PEL. 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. Windhoek Namibia Responsible for Old Mutual Namibia's investment management business, with N$30 billion in pension fund, long term insurance. 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. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@namcor. NAMCOR was appointed by the Government of the. . “Namcor imports its product and distributes it inland to its customers and exports the rest to its customers in Botswana and Zambia. 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. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. na, Board of Directors: Ms. Implement the Human Capital strategy to ensure that NAMCOR has an adequate human resources capacity to achieve business goals and objectives. Factual background Aron Tjihumino has been working as a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia for 7 years. General powers of Commissioner and Chief Inspector are defined in section 4. Further work is needed to determine the quality and size of. 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. 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. Diana Vekarapi is a Business Systems Analyst at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Jennifer Comalie (Chairperson) / Mr. com. Petroleum (Exploration and Production) Act, 1991 Namibia “Corporation” means the National Petroleum Corporation of Namibia (Proprietary) Limited incorporated and registered as a company in terms of the provisions of the Companies Act, 1973 (Act 61 of 1973); [The Companies Act 61 of 1973 has been replaced by the Companies Act 28 of. Moderated by ReconAfrica’s Head of Communication and Stakeholder Relations, Mwanyengwa. 6 national pEtrolEum Corporation oF namibia AnnuAl RepoRt 2015 rated by distillation or fracturing. 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). (Bloomberg) — Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. 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. 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. It controls the exploration activities for oil and gas upstream by. View Contact Info for Free. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. na, Board of Directors: Ms. 11/12/2023 4:56 AM. [1] Its contribution to the gross domestic product (10. 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. Section 8 defines the functions of the National Petroleum Corporation of Namibia. 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. Acquire Petroleum Products from International Markets and Ensure Efficient Import of this Products into Namibia. 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. Last Update. Key highlights and significance of this development in the broader oil and gas sector. An online repository of publicly available oil, gas, and mining contracts. 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. (previously known as Shell Exploration and Production (LXVIII) B. Nestor Sheefeni is the Engineering & Technical Services Executive at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Complimentary to this,Whereas Shell Namibia Upstream B. 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. [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. 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. Email. na. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. 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. Uranium is one of the most exported commodities of Namibia. PART IV . He has worked for the National Petroleum Corporation of Namibia. Applications for, or renewal or transfer of, licences or for approval for granting, cessionNational Petroleum Corporation of Namibia Sep 2013 - Sep 2016 3 years 1 month. 5% in 2021 and 4. Our world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. Timoteus Ekandjo (Vice Chairperson) / Mr. The National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director. 11. The 4 th edition of the Namibia’s International Energy Conference will be held from 20 th – 22 nd April 2022 in Windhoek. V. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. 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. Fax: +264 61 204 5061 /30 / 92. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. com. procurement policy. In the meantime, the company has failed to appoint banker Lionel Matthews as its acting managing. 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. | We are a legally enacted entity under the Namibian Companies Act 28 of 2004 with the Government of the Republic of Namibia as our sole shareholder. V. Products/Services overview. 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. The Qatari national oil company has a stake of 45% in the PEL-39 licence. Petroleum products are mainly used in the transport sector which accounts for 44 % of the total final consumption. , 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. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. The energy that keeps Namibia moving forward. The High Court of Namibia recently issued a judgement that allows Canadian oil and gas company, Reconnaissance Africa (ReconAfrica), along with its joint venture partner, the National Petroleum Corporation of Namibia (NAMCOR), to continue with its oil and gas exploration campaign in Namibia. The National Petroleum Corporation of Namibia (Namcor) has undergone an evolution over the last 30 years after starting off as an advisory entity to the Ministry of Mines and Energy in matters regarding exploration and production matters. 8. 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. na. 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. V. 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. 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. “We can confirm that the negotiation was unsuccessful,” Namcor spokesperson Paulo Coelho confirmed on Tuesday. . A LOOK AT WHAT’S NEXT FOR NAMCOR. 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. Jennifer Comalie, the Chairperson of the National Petroleum Corporation Company (Namcor) Board, has attributed the N$700 million losses incurred by the company during. 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. Fax: +264 61 204 5061 /30 / 92. Its members ensured the balance, inclusivity and relevance of. However, the government faces challenges in avoiding the resource curse that has. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. 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,. Namibia’s recent discovery of 11 billion barrels of crude oil is a potential game-changer for the nation, promising economic growth and regional energy supply. The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of Namibia (NAMCOR). 11/13/2023 6:09 AM. Last Update. A Commissioner for Petroleum Affairs, a Chief Inspector of Petroleum Affairs, and designation other officers shall be appointed by the Minister under section 3. Gazetted Notice on NAMCOR's Exemption request 14February 2019. Ellanie Smit. •Facilitated the procurement of goods and services in line with the public. * It remains unclear if Shell will develop a field (Adds ministry comment, link, removes exclusive tag)(OET) Namibia’s Ministry of Mines and Energy has granted a second one-year extension for the Petroleum Exploration License 87 (PEL 87) located in the Orange Basin. Mining is the biggest contributor to Namibia 's economy in terms of revenue. 19 April 2023. Their world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. Canadian company Reconnaissance Energy Africa and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have been granted. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they have 67%. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. June 6, 2023 at 7:28 AM PDT. 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. Our downstream strategy is to establish and secure strategically located fuels and lubricants distribution networks, as well as sales infrastructure to. The company also acts as advisor to the Ministry of Mines and Energy and assists it in monitoring the. The Namibian government plans to fast-track the project for production to commence by 2026. of Namibia (Pty. Jennifer Comalie (Chairperson) / Mr. The National Petroleum Corporation of Namibia (Namcor) board was divided this week on whether to suspend managing director Imms Mulunga, but a powerful faction gunning for his head emerged victorious when it pushed through his suspension for, among other things, allegedly leaking confidential information to the media. Immanuel Mulunga. 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. 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. Latoya Geingos is a Business Strategy & Performance Management Secretary at National Petroleum Corporation of Namibia based in Windhoek, Khomas. An online repository of publicly available oil, gas, and mining contracts. ) (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. 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. “Corporation” means the National Petroleum Corporation of Namibia (Proprietary) Limited incorporated and registered as a company in terms of the provisions of the Companies Act, 1973 (Act 61 of 1973); [The Companies Act 61 of 1973 has been replaced by the Companies Act 28 of 2004. THE managing director of the National Petroleum Corporation of Namibia (Namcor), Obeth Kandjoze, could be at the centre of a corruption probe, should the Anti-Corruption Commission (ACC) decide to. BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:-1. The facility is currently operating at 60% of its capacity. com/guides/auto-opening-announcement-popups/National Petroleum Corporation of Namibia (NAMCOR) Mar 2014 - Present 9 years 9 months. 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. (previously known as Shell Exploration and Production (LXVIII) B. A: National Petroleum Corporation of Namibia is located at: Petroleum House, Private Bag 13196, Windhoek, 1 Aviation Road, Windhoek, Namibia Q: What are the coordinates of the National Petroleum Corporation of Namibia?NAMCOR NAMIBIA | 49,915 followers on LinkedIn. Functions of corporation. V. The government can cancel or reduce some fuel levies such as the National Petroleum Corporation of Namibia (Namcor) and the Road Fund Administration, as fuel drives the prosperity of the economy. 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. - 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. Read More. 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. National Petrolium Corporation of Namibia(NAMCOR) National Petroleum Corp. National Petroleum Corporation of Namibia (Namcor) (A State-Owned Company) 10% with costs carried to the development stage. 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. Growing Projections For Namibia’s Petroleum Industry Amidst Covid-19. The Government of the Republic of Namibia. 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. 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. In the past NAMCOR did not seek a participatory interest in licenses awarded. 11. Read More. Timoteus Ekandjo (Vice Chairperson) / Mr. National Fishing Corporation of Namibia Act 28 of 1999. 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. and Qatar Energy. with 10%. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely. National Petroleum Corporation of Namibia (Pty) Ltd. Tom. 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. na, Board of Directors: Ms. V and Qatar Energy announced that the Graff-1 deep-water exploration well has made a discovery of light oil in both primary and secondary targets. No description available. Use the CB Insights Platform to explore National Petroleum Corporation of. Managing Director Immanuel Mulunga says that this means “our peers and the international stakeholders. 6 million litres still remain, 37 million litres of ADO (diesel) of. Tel: +264 64 285 918 . 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. 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. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. Windhoek Namibia Chief Executive Officer Old Mutual Investment Group Namibia Apr 2014 - Jun 2016 2 years 3 months. View Contact Info for Free. Listen. The Corporate Social Responsibility Policy has three key focus areas namely education, environment and community upliftment. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. Namcor imported 20 million litres of ULP (unleaded petrol) of which 3. 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 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. His trustworthy with people and company's property is something anyone will admire. Projects & Maintenance Engineer at National Petroleum Corporation of Namibia. Acting public enterprise minister Iipumbu Shiimi said this in his response in. ". 2014 - 2018. 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. Namibia’s oil and gas sector is still in the exploration stage. 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. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. National Petroleum Corporation Of Namibia. NAMCOR Annual Report 2012 5 ManaGinG diRecToR’s and chaiRMan’s RepoRT T he 2012 financial figures has certainly abetted in this recovery action, with the group grossing a net income of N$ 47 118 156 before taxation. By. National Petroleum Corporation of Namibia (NAMCOR) is a national oil company. na. Private Bag 13196, Windhoek, Namibia. 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. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum-producing. ) Ltd. HERE IS TODAY’S BULLETIN FOR 08H00FRIDAY, 24 NOVEMBER 2023NAMIBIA PRESS AGENCY 1 (WINDHOEK, 24 NOV, NAMPA) - The National. An online repository of publicly available oil, gas, and mining contracts. . This decision was made by the Namcor board during a sitting on 27 January. 1991 The Petroleum (Exploration and Production) Act 1991 is passed. This joint venture. The Namibian National Petroleum Corp. Please don’t…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. 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. Despite the Ministry of Energy and Mines and Shell awaiting the results on the commercial viability of the find, the discovery has. National Petroleum Corporation of Namibia 8. 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. T +264 61 204 5000 F +264. 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. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. Ministry of Industrialisation, Trade and SME Development. 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. Jennifer Comalie was arrested at the company. Education Namibia University of Science and Technology Bachelor's degree Economics. By. Functions of Corporation Part IV – General provisions relating to licences 9. 22 June 2023. PEL 0039 covers about 12,000 sq km in deep water, 250 km off the southern coast of Namibia. Immanuel Mulunga (Managing Director) / Without a doubt, Article 100 of the Namibian Constitution states that ownership of all resources, including oil and gas within the borders of Namibia, belong to the Namibian people. It also assists the Ministry with the administration of the Petroleum (Exploration and Production) Act. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they. National Petroleum Corporation of Namibia. BW got hold of the initial 56 per cent in the licence back in February 2017, also through an. Manager at National Petroleum Corporation of Namibia. Shell, which has a similar stake, is the operator of the licence. 5 million barrels a day, which is needed for the country’s development. 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. Functions of Corporation . Leon Hermann is a Manager at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Galp is operator of PEL 83 (80%) with partners the National Petroleum Corporation of Namibia (NAMCOR) (10%), and Custos Energy (10%). General provisions relating to licences . The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. The three are in a joint venture; Shell Namibia B. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. , 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. The Government of the Republic of Namibia is its sole shareholder. Namcor has no regulatory authority nor statutory right to participate in petroleum development. The exploration license is held by a consortium comprised of QatarEnergy (45%), Shell (45%), and the National Petroleum Corporation of Namibia “NAMCOR” (10%). Uranium deposits are situated at the Rössing mine near the Swakopmund coastline. 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. Applications for, or renewal or transfer of, licenses or for approval for granting, cession or You can see how this popup was set up in our step-by-step guide: //wppopupmaker. Newest African oil jackpot: Namibia must overcome a long-standing corruption curse. Leon Hermann's Phone Number and Email. +264 6120 45061. Contact NumberElizabeth N Shimwafeni Telephone: +264 61 400 443 Fax Number: 0886510721 Email: [email protected] National Petroleum Corporation of Namibia (Namcor) spent more than N$118 million on salaries for its 189 employees in the 2021/2022 financial year. 5% in 2011, 12. Mar 06, 2023. ) (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!. NAMIBIA PEL 87 Orange Basin PANCONTINENTAL 75%. 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. 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. 3 billion from the National Oil Storage Facility (NOSF). Source: BW Energy. 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. Frequently Ask Questions. The Qatari national oil company has a stake of 45% in the PEL-39 licence. Last Update. 9. National Accounts for 2022 showed that the size of the economy as measured by real Gross Domestic Product (GDP) grew by 3. By Shelleygan Petersen. Walvis Bay, Erongo Region, Namibia. It accounts for 25% of the country's income. 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. Jennifer Comalie (Chairperson) / Mr. 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. View Contact Info for Free. Aron Tjihumino's Phone Number and Email. 4. ” - ReconAfrica estimates they could extract Possibly 120 billion barrels of oil [2] - ReconAfrica holds a 90% interest in a petroleum exploration license in. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. The National Petroleum Corporation of Namibia (Namcor) is established out of Swakor. The Ministry of International Relations and Cooperation. 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. The Government of Namibia seeks to engage firms to compete for multi-billion U. National Petroleum Corporation of Namibia (NAMCOR) donated 20 desktop computers including Microsoft Office 2016 Professional and Kaspersky antivirus software towards our youth empowerment strategic initiative. 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 (PTY) LTD Company Profile | WINDHOEK, Namibia | Competitors, Financials & Contacts - Dun & BradstreetJennifer Comalie, chair of the National Petroleum Corporation of Namibia, says new oil discoveries off the country’s coast are a game-changer, and she wants. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the. 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. Development and Implement HR policies, procedures and systems that support efficient and effective management of. The Kudu Development Project has as its purpose the development of the Kudu Gas Field located offshore Republic of Namibia. The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s. 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. V. ] By. Windhoek, Namibia —. The Graff-1 well has proved a working petroleum system for light oil in the Orange Basin,. 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. According to the three entities, a light oil discovery. The three are in a joint venture; Shell Namibia B. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. 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. V. 10. Aron Tjihumino is a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia based in Windhoek, Khomas. 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. V. V. 5 million barrels a day, which is needed for the country’s development. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. 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 (Namcor) board is investigating its managing director, Immanuel Mulunga, over his involvement in a payment of N$100 million for two Angolan oil blocks. Hamukwaya sued the state oil company in March after it refused to extend her employment contract for another five years. Contact NumberThe National Petroleum Corporation of Namibia (Namcor) board of directors has suspended the company’s managing director, Immanuel Mulunga. 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. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. Nestor r eceived a Bachelors of Technology in Civil Engineering degree from Tshwane University of Technology and a Master of Industrial Engineering from Namibia University of Science. 3% in 2012, 13. Prohibition on carrying out certain operations without licence 10. 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. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. National Petroleum Corporation of Namibia. (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. Faraday Street, Otjiwarongo. com. QatarEnergy said that it has found oil offshore Namibia making it the third offshore oil discovery made in the African country. It also recently started handling products that are imported by. Namcor’s executive for business strategy, Shiwana Ndeunyema,. Engage via Email. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@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. National Petroleum Corporation of Namibia (NAMCOR) Address: Private Bag 13196 Windhoek: Phone +264 6122 1699: Fax +264 6122 1785: Our Partners Namibia Partners. Since Managing Director Immanuel Mulunga took charge, the corporation. “We are delighted to announce this third oil discovery,” state-owned oil firm National Petroleum Corporation of Namibia (NAMCOR), said in a statement. 5% in 2010, 9. +264 61204 5000, +264 6120 5060. and Qatar Energy – announced the discovery of.