The Nationwide Petroleum Company of Namibia (NAMCOR) has revealed that the nation may produce greater than 2.5 million tons of pure fuel per yr, primarily based on early-stage assessments of latest discoveries made since 2022.
Talking throughout a panel dialogue on fuel monetization methods on the Namibia Worldwide Vitality Convention on April 24, Mtundeni Ndafyaalako, Government of Upstream Improvement&Manufacturing at nationwide oil firm NAMCOR, outlined a dual-pronged strategy adopted by the company.
The primary pillar focuses on leveraging legislative frameworks to allow coordinated infrastructure improvement, fostering collaboration amongst operators. The second emphasizes increasing exploration actions to unlock additional sources.
“We now have launched a fuel monetization technique mission to help each authorities and business on how finest to commercialize fuel. From our value determinations, we now have a clearer image of manufacturing potential and numerous functions,” mentioned Ndafyaalako, noting that the technique is designed to draw new gamers and funding by clarifying monetization pathways.
Manfriedt Muundjua, Deputy Common Supervisor at BW Kudu, strengthened the significance of integrating 4 pillars of native content material – coaching, abilities switch, native procurement and native possession – into the broader fuel improvement framework.
Muundjua shared that BW Kudu is inserting Namibian interns in each technical function at the moment held by worldwide employees, supporting long-term native capability constructing. He additionally emphasised the pressing want for downstream funding and infrastructure improvement.
“We have already got a downstream funding companion lined as much as be a part of us as soon as manufacturing at Kudu begins,” he mentioned.He added that drilling of extra wells is scheduled to start in October, supporting NAMCOR’s emphasis on continued exploration to establish new reserves.
Paul Eardley-Taylor, Head of Oil&Fuel Protection for Southern Africa at Customary Financial institution, highlighted the necessity for a “shadow infrastructure” – doubtlessly led by public-private partnerships – in southern Namibia to handle power shortages by fuel utilization. He recommended that oil revenues ought to be strategically directed towards financing fuel infrastructure and fostering native power markets.
Eardley-Taylor additionally pointed to the broader regional alternative, suggesting that Namibia may assume a job as soon as held by South Africa because the area’s major power provider, significantly as important mineral tasks are keen to pay a premium for steady energy provide.
In the meantime, Ian Thom, Analysis Director for Upstream at Wooden Mackenzie, expressed confidence that Namibia may implement a complete Fuel Grasp Plan throughout the subsequent 9 months. With solely 59% of the inhabitants at the moment linked to the electrical energy grid, Thom underscored the potential of fuel to dramatically enhance power entry throughout residential, business and industrial sectors.
“Namibia may generate extra worth by exporting electrical energy slightly than uncooked fuel, given the restricted infrastructure for fuel exports and the excessive prices related to constructing it,” Thom mentioned.
Wanting forward, the upcoming African Vitality Week (AEW): Spend money on African Energies convention – set to happen from September 29 to October 3, 2025, in Cape City – will highlight Namibia’s fuel developments and broader African alternatives The occasion will characteristic panel discussions, mission showcases, deal signings and high-level networking classes that join African power tasks with world buyers.
AEW: Spend money on African Energies is the platform of alternative for mission operators, financiers, expertise suppliers and authorities, and has emerged because the official place to signal offers in African power. Go to www.AECWeek.com for extra details about this thrilling occasion.
Distributed by APO Group on behalf of African Vitality Chamber.
