NAMIBIA PEL 87 Orange Basin PANCONTINENTAL 75%. 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. 11/12/2023 4:56 AM. 3 billion from the National Oil Storage Facility (NOSF). Gazetted Notice on NAMCOR's Exemption request 14February 2019. 6% in 2022 after falling by a revised. Tujoromajo Kasuto The National Petroleum Corporation of Namibia (NAMCOR) has won the National Oil Company of the Year accolade for the second year running at the Africa Energies Summit, which took place from 17 to 19 May in London. NAMCOR Gobabis Depot. (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. 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. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. 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. 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as a company in terms of the provisions of the Companies Act, 1973 (Act 61 of 1973); [The Companies Act 61 of 1973 has been replaced by the Companies Act 28 of. Source: AP Group Namibian national oil company Namcor is progressing plans to further develop the. 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. 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. “We can confirm that the negotiation. November 7, 2023 Cobus Theyse. 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. National Petroleum Corporation of Namibia (NAMCOR) Address: Private Bag 13196 Windhoek: Phone +264 6122 1699: Fax +264 6122 1785: Our Partners Namibia Partners. The state-owned National Petroleum Corporation of Namibia (NAMCOR) is the key organisation in the sector. However, at the request of the Minister. National Petroleum Corporation of Namibia (Namcor) (A State-Owned Company) 10% with costs carried to the development stage. General provisions relating to licences . and Qatar Energy – announced the discovery of. of Namibia, said in a Bloomberg TV. Namcor. Factual background Aron Tjihumino has been working as a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia for 7 years. It accounts for 25% of the country's income. 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. Education Namibia University of Science and Technology Bachelor's degree Economics. [1] Its contribution to the gross domestic product (10. 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, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. 1:20. com. V. Fax: +264 61 204 5061 /30 / 92. 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. Our downstream strategy is to establish and secure strategically located fuels and lubricants distribution networks, as well as sales infrastructure to. 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 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. 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. 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. Corporation Of Namibia (Proprietary)Limited. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. Canadian company Reconnaissance Energy Africa and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have been granted. 3% in 2012, 13. Engage via Email. 6 national pEtrolEum Corporation oF namibia AnnuAl RepoRt 2015 rated by distillation or fracturing. The 4 th edition of the Namibia’s International Energy Conference will be held from 20 th – 22 nd April 2022 in Windhoek. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely. NAMCOR Annual Report 2012 1 Glossary of terms 2-3 Directors’ Responsibility for Financial Reporting 4 Directors’ Approval of the Annual Financial Statements 4 Managing Director’s and Chairman’s Report 5-15 Report of the Independent Auditors 18-19 Directors’ Report 20-22 Whereas Shell Namibia Upstream B. The Government of Namibia seeks to engage firms to compete for multi-billion U. procurement policy. 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, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. In December 2017, Pancontinental signed a Petroleum Agreement with the Ministry of Mines and Energy of Namibia (Ministry) and Namibian partners for PEL. The National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director. V. 11/12/2023 8:18 PM. Functions of corporation. 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. 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. It also recently started handling products that are imported by. The Corporate Social Responsibility Policy has three key focus areas namely education, environment and community upliftment. It. The Kudu Development Project has as its purpose the development of the Kudu Gas Field located offshore 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. Read More. View Contact Info for Free. The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s. 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. Rikumbi Kandanga Street, Walvis Bay. Namibia’s Jonker-1X light oil discovery – made last month by partners Shell, QatarEnergy and the National Petroleum Corporation of Namibia (NAMCOR) – represents the third discovery in a string of Orange Basin exploration successes announced in the past year. 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. 1 Aviation Road, Petroleum House Private Bag 13196, Windhoek. 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. •Positively maintained the terminal’s budget and petty cash. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. The 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. The head of the board of directors at Namibia’s national oil company has appeared in court to face charges of dealing drugs. National Petroleum Corporation of Namibia 8. 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. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. . Email: info@namcor. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. 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. Opportunities. Cengas Windhoek. Projects & Maintenance Engineer at National Petroleum Corporation of Namibia. 10. 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. Last Update. According to the three entities, a light oil discovery. T +264 61 204 5000 F +264 61 204 5061/30/92 E [email protected] 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. 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. Partners include the National Petroleum Corp. 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 initial development plan for the field was a gas-to-power project, with Namibia Power Corporation (NAMPOWER) as the downstream partner. 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 Ministry of International Relations and Cooperation. Namcor managing director Immanuel. 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. 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. As an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities, Eco Atlantic has been keen. 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. 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). Part III – National Petroleum Corporation of Namibia 8. 3 billion from the National Oil Storage Facility (NOSF). 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 imported 20 million litres of ULP (unleaded petrol) of which 3. The Qatari national oil company has a stake of 45% in the PEL-39 licence. 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. 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. Use the CB Insights Platform to explore National Petroleum Corporation of. The three are in a joint venture; Shell Namibia B. 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. The National Petroleum Corporation of Namibia (Namcor) has agreed to pay its finance executive, Jennifer Hamukwaya, N$1,6 million to leave the company. This decision was made by the Namcor board during a sitting on 27 January. The Graff-1 well has proved a working petroleum system for light oil in the Orange Basin,. 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. The board chairperson, Jennifer Comalie, confirmed this. Multinational oil and gas company, Shell, has been actively exploring Namibia’s offshore basins since 2014. Two opposition parties. I am an energetic, passionate, and dedicated individual who strives for excellence in all. It offers various petroleum products and. 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. l@namcor. 6 million litres still remain, 37 million litres of ADO (diesel) of. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. He has worked for the National Petroleum Corporation of Namibia. National Petroleum Corporation of Namibia . Nestor Sheefeni is the Engineering & Technical Services Executive at National Petroleum Corporation of Namibia based in Windhoek, Khomas. . No description available. Leon Hermann is a Manager at National Petroleum Corporation of Namibia based in Windhoek, Khomas. , 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. Prohibition on carrying out certain operations without licence. Mining is the biggest contributor to Namibia 's economy in terms of revenue. However, the government faces challenges in avoiding the resource curse that has. 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. of Namibia, said in a. 4. Jennifer Comalie (Chairperson) / Mr. The Namibian government plans to fast-track the project for production to commence by 2026. Import and Export Petroleum Products NAMCOR 14 years 2 months Petroleum Trader NAMCOR Mar 2014 - Present 9 years 9 months. 4% in 2009, 8. +264 61204 5000, +264 6120 5060. The three are in a joint venture; Shell Namibia B. 5% in 2011, 12. 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. na, Board of Directors: Ms. +264 1129 0957. Prohibition on carrying out certain operations without licence . Mar 06, 2023. com. Last Update. Restrictions on grant of licences . This is an average of over N$620 000 per. 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. Timoteus Ekandjo (Vice Chairperson) / Mr. Listen. This is an average of over N$620 000 per. Jennifer Comalie (Chairperson) / Mr. TFG Donates School uniforms in partnership with SOS CV NAMIBIA. Galp is operator of PEL 83 (80%) with partners the National Petroleum Corporation of Namibia (NAMCOR) (10%), and Custos Energy (10%). 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. 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. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the. Growing Projections For Namibia’s Petroleum Industry Amidst Covid-19. Fax: +264 61 204 5061 /30 / 92. . . National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. 5% in 2010, 9. of Namibia (NAMCOR) (10%). The recent allegations of impropriety and controversies surrounding the leadership of the National Petroleum Corporation of Namibia (Namcor) have sparked widespread concern. of Namibia (Pty. 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). 1 Year Ago - 2022-10-24 01:00:00. 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 increasing investment in its burgeoning energy sector. and Qatar Energy. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. Windhoek Namibia Chief Executive Officer Old Mutual Investment Group Namibia Apr 2014 - Jun 2016 2 years 3 months. dollar. na. 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) was appointed by government to manage and operate the NOSF in Walvis Bay. 14. com. Private Bag 13196, Windhoek, Namibia. Acquire Petroleum Products from International Markets and Ensure Efficient Import of this Products into Namibia. National Accounts for 2022 showed that the size of the economy as measured by real Gross Domestic Product (GDP) grew by 3. 5% in 2021 and 4. 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. By Shelleygan Petersen. National Petroleum Corporation of Namibia (NAMCOR) is a national oil company. 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. Acting public enterprise minister Iipumbu Shiimi said this in his response in. The Qatari national oil company has a stake of 45% in the PEL-39 licence. 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. Last Update. The Government of the Republic of Namibia. Namcor managing director Immanuel Mulunga said. 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. 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. Timoteus Ekandjo (Vice Chairperson) / Mr. with 10%. 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. It controls the exploration activities for oil and gas upstream by. 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. 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 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. Jennifer Comalie (Chairperson) / Mr. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they. Aron Tjihumino is a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia based in Windhoek, Khomas. 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. (Bloomberg) — Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. The facility is currently operating at 60% of its capacity. Under the Petroleum (Exploration and Production) Act of 1991 we have the mandate to carry out. * 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. Aron Tjihumino's Phone Number and Email. V. National Petroleum Corporation of Namibia. June 6, 2023 at 7:28 AM PDT. na, Board of Directors: Ms. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of Namibia (NAMCOR). Email. Namcor has no regulatory authority nor statutory right to participate in petroleum development. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. National Petroleum Corporation of Namibia (NAMCOR) Aug 2014 - Present 9 years 4 months. 7 June 2023. Hamukwaya sued the state oil. An online repository of publicly available oil, gas, and mining contracts. 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. This marks a significant step forward in Namibia's oil exploration journey. Tom. Shell, which has a similar stake, is the operator of the licence. We are actively involved in sourcing and selling as well as the distribution of petroleum products. 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. Sintana holds a 49% indirect interest in Custos. Late last year, NAMCOR entered. 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. Faraday Street, Otjiwarongo. com/guides/auto-opening-announcement-popups/National Petroleum Corporation of Namibia (NAMCOR) Mar 2014 - Present 9 years 9 months. •Facilitated the procurement of goods and services in line with the public. Ellanie Smit. ) Ltd. The Foschini Group (TFG) donated school uniforms (shoes, socks,. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. Namibia’s competitive petroleum exploration scene has helped the state-owned National Petroleum Corporation of Namibia (NAMCOR) to take a stand in. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. 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. The consortium partners comprising QatarEnergy (45 percent interest), Shell (operator, 45 percent interest) and National Petroleum Corporation of Namibia “NAMCOR” (10 percent interest), have. View Contact Info for Free. Ellanie Smit. 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. The Government of the Republic of Namibia. V. 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 company also acts as advisor to the Ministry of Mines and Energy and assists it in monitoring the. Namcor has no regulatory authority nor statutory right to participate in petroleum development. Two major oil discoveries were made during the first. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@namcor. Acting public enterprise minister Iipumbu Shiimi said this in his response in. V. Shell, which has a similar stake, is the operator of the licence. National Fishing Corporation of Namibia Act 28 of 1999. 7 June 2023. 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. His trustworthy with people and company's property is something anyone will admire. A LOOK AT WHAT’S NEXT FOR NAMCOR. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. QatarEnergy said that it has found oil offshore Namibia making it the third offshore oil discovery made in the African country. 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. PART IV General provisions relating to licences 9. 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. In the past NAMCOR did not seek a participatory interest in licenses awarded. 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. 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. 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. Read More. 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. THE National Petroleum Corporation of Namibia (Namcor) spent more than N$118 million on salaries for its 189 employees in the 2021/2022 financial year. The National Petroleum Corporation of Namibia (Namcor) is established out of Swakor. com. Under the Petroleum (Exploration and Production) Act of 1991 NAMCOR (Pty) Ltd has the right to carry out reconnaissance. Ministry of Industrialisation, Trade and SME Development. The Namibian National Petroleum Corp. Namibia has committed to reducing its overall greenhouse gas (GHG) emissions by 92 percent by 2030 from the business-as-usual baseline level. In the meantime, the company has failed to appoint banker Lionel Matthews as its acting managing. The Namibian National Petroleum Corp. 9. 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. 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. Energ y and economic development: Namibia's economy consists primarily of mining and manufacturing and its economy is tied closely to South Africa’s. Angolan national oil company Sonangol has refunded N$524 million to Sungara Energies, a London-based joint venture entity co-owned by the National Petroleum Corporation of Namibia (Namcor). 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. November 7, 2023 Cobus Theyse. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . 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. Latoya Geingos's Phone Number and Email. Our world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. Its members ensured the balance, inclusivity and relevance of. “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. V. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNATIONAL OIL STORAGE OF NAMIBIA (NOSF) John Ovenstone Road, Walvis Bay. Key highlights and significance of this development in the broader oil and gas sector. 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. (previously known as Shell Exploration and Production (LXVIII) B. Orange Basin Discovery National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. View Sauraya’s full profile See who you. 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. 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. Siegfried Neumann. In line with this goal, the National Petroleum Corporation of Namibia (NAMCOR) has joined Africa’s biggest energy event, the African Energy. Continue Reading. I fully recommend Davidt for any position within his academic and professional profile!!!!!!”. 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. Contact NumberThe National Petroleum Corporation of Namibia (Namcor) board of directors has suspended the company’s managing director, Immanuel Mulunga. provides exploration and production services for onshore and offshore petroleum resources in Namibia. 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. 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 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. 5 million barrels a day, which is needed for the country’s development. com. According to the three entities, a light oil discovery. Tel: +264 64 200 265 . Walvis Bay, Erongo Region, Namibia. , or Namcor, posted a loss of 700 million Namibian dollars ($37 million) and said it faces “significant cash flow challenges”. Leon Hermann's Phone Number and Email. 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. In Namibia, Shell is in the early stages of exploring offshore for oil and natural gas. 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. National Petroleum Corporation of Namibia (Pty) Ltd. 22 June 2023. Tel: +264 67 307 588 . Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNational Petroleum Corporation of Namibia (NAMCOR) University of KwaZulu-Natal. Restrictions on grant of licences. The exploration license is held by a consortium comprised of QatarEnergy (45%), Shell (45%), and the National Petroleum Corporation of Namibia “NAMCOR” (10%). Email: info@namcor. 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. 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. Development and Implement HR policies, procedures and systems that support efficient and effective management of. Moderated by ReconAfrica’s Head of Communication and Stakeholder Relations, Mwanyengwa. By. The energy that keeps Namibia moving forward. Functions of Corporation . na, Board of Directors: Ms. ) (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!. Namcor’s executive for business strategy, Shiwana Ndeunyema,. Jennifer Comalie was arrested at the company. Hydrocarb Energy Corporation has announced that its subsidiary, Hydrocarb Namibia Energy Corporation Ltd. the resulting hydrocarbon molecules (fractions) often are further treated to change their size or structure, which makes them more usable. 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. 6% in 2014) is also very important and makes it one of the largest economic sectors of the. (previously known as Shell Exploration and Production (LXVIII) B. Whereas Shell Namibia Upstream B. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. Since 2013, the Namibian Ports Authority, the National Petroleum Corporation of Namibia and the Ministry of Agriculture have borrowed over N$21 billion. Namibia’s oil and gas sector is still in the exploration stage. Read More. NAMCOR Annual Report 2012 5 ManaGinG diRecToR’s and chaiRMan’s RepoRT T he 2012 financial figures has certainly abetted in this recovery action, with the group grossing a net income of N$ 47 118 156 before taxation. (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. 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. ” - ReconAfrica estimates they could extract Possibly 120 billion barrels of oil [2] - ReconAfrica holds a 90% interest in a petroleum exploration license in. S. NAMCOR is the National Petroleum Corporation of Namibia, established under the Petroleum (Exploration and Production) Act of 1991. On June 11, 2021 the National Petroleum Corporation of Namibia (NAMCOR) and ReconAfrica executed a Joint Operating Agreement (JOA). 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,. 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. +264 6120 45061. Engage via Email. 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. ”. BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:-1. 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. Restrictions on grant of licences 11. V. Further work is needed to determine the quality and size of. 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. Read More. Products/Services overview. 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. Timoteus Ekandjo (Vice Chairperson) / Mr. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. 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. The facility is currently operating at 60% of its capacity. V. Frequently Ask Questions. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they have 67%. This joint venture. 11.