The Nationwide Petroleum Company of Namibia (NAMCOR) has revealed that the nation might produce greater than 2.5 million tons of pure gasoline per yr, primarily based on early-stage assessments of latest discoveries made since 2022.
Talking throughout a panel dialogue on gasoline monetization methods on the Namibia Worldwide Vitality Convention on April 24, Mtundeni Ndafyaalako, Government of Upstream Growth&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’ve launched a gasoline monetization technique undertaking to assist each authorities and trade on how finest to commercialize gasoline. From our value determinations, we now have a clearer image of manufacturing potential and varied functions,” mentioned Ndafyaalako, noting that the technique is designed to draw new gamers and funding by clarifying monetization pathways.
Manfriedt Muundjua, Deputy Basic Supervisor at BW Kudu, bolstered the significance of integrating 4 pillars of native content material – coaching, expertise switch, native procurement and native possession – into the broader gasoline improvement framework.
Muundjua shared that BW Kudu is inserting Namibian interns in each technical position presently held by worldwide workers, 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 further wells is scheduled to start in October, supporting NAMCOR’s emphasis on continued exploration to establish new reserves.
Paul Eardley-Taylor, Head of Oil&Gasoline Protection for Southern Africa at Customary Financial institution, highlighted the necessity for a “shadow infrastructure” – probably led by public-private partnerships – in southern Namibia to handle vitality shortages via gasoline utilization. He steered that oil revenues must be strategically directed towards financing gasoline infrastructure and fostering native vitality markets.
Eardley-Taylor additionally pointed to the broader regional alternative, suggesting that Namibia might assume a task as soon as held by South Africa because the area’s major vitality provider, significantly as vital mineral initiatives 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 might implement a complete Gasoline Grasp Plan throughout the subsequent 9 months. With solely 59% of the inhabitants presently related to the electrical energy grid, Thom underscored the potential of gasoline to dramatically improve vitality entry throughout residential, industrial and industrial sectors.
“Namibia might generate extra worth by exporting electrical energy quite than uncooked gasoline, given the restricted infrastructure for gasoline exports and the excessive prices related to constructing it,” Thom mentioned.
Trying 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 gasoline developments and broader African alternatives The occasion will function panel discussions, undertaking showcases, deal signings and high-level networking periods that join African vitality initiatives with world buyers.
AEW: Spend money on African Energies is the platform of alternative for undertaking operators, financiers, know-how suppliers and authorities, and has emerged because the official place to signal offers in African vitality. Go to www.AECWeek.com for extra details about this thrilling occasion.
Distributed by APO Group on behalf of African Vitality Chamber.
