5 million barrels a day, which is needed for the country’s development. Continue Reading. 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. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNATIONAL OIL STORAGE OF NAMIBIA (NOSF) John Ovenstone Road, Walvis Bay. This marks a significant step forward in Namibia's oil exploration journey. 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. 1 person has recommended Davidt Join. It offers various petroleum products and. Engage via Email. 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. and Qatar Energy – announced the discovery of. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely. 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. TFG Donates School uniforms in partnership with SOS CV NAMIBIA. 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 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. Gobabis Depot . Products/Services overview. ) Ltd. Namibia’s oil and gas sector is still in the exploration stage. Walvis Bay Depot. 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). Latoya Geingos's Phone Number and Email. National Petroleum Corporation of Namibia Aug 2014 - Present 9 years 4 months. 10. To get a job at National Petroleum Corporation of Namibia, browse currently open positions and apply for a job near you. In Namibia, Shell is in the early stages of exploring offshore for oil and natural gas. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they have 67%. The Government of the Republic of Namibia is its sole shareholder. na, Board of Directors: Ms. V. 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. Contact NumberThe National Petroleum Corporation of Namibia (Namcor) board of directors has suspended the company’s managing director, Immanuel Mulunga. The energy that keeps Namibia moving forward. Its members ensured the balance, inclusivity and relevance of. The Gas produced from the Kudu Gas Field will. V. 6% in 2014) is also very important and makes it one of the largest economic sectors of the. na, Board of Directors: Ms. NAMCOR will retain the remaining 5 per cent working interest. I fully recommend Davidt for any position within his academic and professional profile!!!!!!”. 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. By 2030, #Guyana’s hydrocarbon production could reach about 1. The Qatari national oil company has a stake of 45% in the PEL-39 licence. 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 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 board chairperson, Jennifer Comalie, confirmed this. Definitions (1) In this Act, unless the context indicates otherwise - “ block ” means any area on land. Namibia’s competitive petroleum exploration scene has helped the state-owned National Petroleum Corporation of Namibia (NAMCOR) to take a stand in. 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. 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. na. The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of Namibia (NAMCOR). 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. The PEL 39 blocks are located in. Namcor has no regulatory authority nor statutory right to participate in petroleum development. 6 national pEtrolEum Corporation oF namibia AnnuAl RepoRt 2015 rated by distillation or fracturing. * 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. 4% in 2009, 8. of Namibia, said in a Bloomberg TV. na, Board of Directors: Ms. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. com. About Us: We are a legally enacted entity under the Namibian Companies Act of 1973 with the. National Petrolium Corporation of Namibia(NAMCOR) National Petroleum Corp. Two major oil discoveries were made during the first. Our downstream strategy is to establish and secure strategically located fuels and lubricants distribution networks, as well as sales infrastructure to. 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. Sintana has 49% carried interest through its indirect. 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. of Namibia, said in a. 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. The Corporate Social Responsibility Policy has three key focus areas namely education, environment and community upliftment. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. Manager at National Petroleum Corporation of Namibia. com. This decision was made by the Namcor board during a sitting on 27 January. 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. Namcor managing director Immanuel Mulunga said. Extensive geologic field studies were completed over the last four years supporting the existence of excellent high-porosity reservoir rocks as well as soil sampling indicating the presence of crude oil derived from a carbonate source. The Namibian National Petroleum Corp. National Accounts for 2022 showed that the size of the economy as measured by real Gross Domestic Product (GDP) grew by 3. Read More. (Bloomberg) — Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. 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. 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. Functions of corporation. 2014 - 2018. National Petroleum Corporation of Namibia (Namcor) (A State-Owned Company) 10% with costs carried to the development stage. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. . Prohibition on carrying out certain operations without licence 10. 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. Nestor Sheefeni is the Engineering & Technical Services Executive at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Functions of Corporation . 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. 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. of Namibia (Namcor) with 10%, and Custos Investments (Pty) Ltd. Read More. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. 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). 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) is established out of Swakor. The Government of the Republic of Namibia. National Petroleum Corporation of Namibia 8. The facility is currently operating at 60% of its capacity. 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. Email. Shell, which has a similar stake, is the operator of the licence. Namcor managing director Immanuel. 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. 19 April 2023. Last Update. The state-owned National Petroleum Corporation of Namibia (NAMCOR) is the key organisation in the sector. Our world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. na. Mining is the biggest contributor to Namibia 's economy in terms of revenue. Growing Projections For Namibia’s Petroleum Industry Amidst Covid-19. An online repository of publicly available oil, gas, and mining contracts. General powers of Commissioner and Chief Inspector are defined in section 4. Downstream activities generally refer to the marketing and distribution 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. 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. Namcor’s executive for business strategy, Shiwana Ndeunyema,. Corporation Of Namibia (Proprietary)Limited. BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:-1. 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. JBS Facilities. •Positively maintained the terminal’s budget and petty cash. Last Update. 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 National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director. 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. Ellanie Smit. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the. PART IV General provisions relating to licences 9. Partners include the National Petroleum Corp. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. 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. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNational Petroleum Corporation of Namibia (NAMCOR) University of KwaZulu-Natal. 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. 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. It controls the exploration activities for oil and gas upstream by. The Ministry of International Relations and Cooperation. 11/12/2023 4:56 AM. 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. 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. 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. 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 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. 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. 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. Acting public enterprise minister Iipumbu Shiimi said this in his response in. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. This is an average of over N$620 000 per. 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. 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 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. National Petroleum Corporation Of Namibia. Hamukwaya sued the state oil company in March after it refused to extend her employment contract for another five years. Restrictions on grant of licences. Timoteus Ekandjo (Vice Chairperson) / Mr. V. By. 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. 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. 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. l@namcor. Successfully led the implementation of a terminal management system. and Qatar Energy. National Petroleum Corporation of Namibia. Implement the Human Capital strategy to ensure that NAMCOR has an adequate human resources capacity to achieve business goals and objectives. Tel: +264 64 200 265 . Private Bag 13196, Windhoek, Namibia. 5% in 2011, 12. National Petroleum Corporation of Namibia . 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) has offered Lionel Matthews N$230 000 per month to lead the national oil company, but the former banker allegedly informed. Tel: +264 67 307 588 . I am an energetic, passionate, and dedicated individual who strives for excellence in all. V. Prohibition on carrying out certain operations without licence. com. On June 11, 2021 the National Petroleum Corporation of Namibia (NAMCOR) and ReconAfrica executed a Joint Operating Agreement (JOA). 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. 22 June 2023. As an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities, Eco Atlantic has been keen. Jennifer Comalie (Chairperson) / Mr. 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. 2% in 2013, 11. ] By. Aron Tjihumino is a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia based in Windhoek, Khomas. 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. A LOOK AT WHAT’S NEXT FOR NAMCOR. Listen. 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. BW got hold of the initial 56 per cent in the licence back in February 2017, also through an. The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s. 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. NAMCOR was appointed by the Government of the. Petroleum products are mainly used in the transport sector which accounts for 44 % of the total final consumption. provides exploration and production services for onshore and offshore petroleum resources in Namibia. Under the Petroleum (Exploration and Production) Act of 1991 NAMCOR (Pty) Ltd has the right to carry out reconnaissance. com. 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. View Contact Info for Free. the resulting hydrocarbon molecules (fractions) often are further treated to change their size or structure, which makes them more usable. 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. Galp is operator of PEL 83 (80%) with partners the National Petroleum Corporation of Namibia (NAMCOR) (10%), and Custos Energy (10%). “We can confirm that the negotiation was unsuccessful,” Namcor spokesperson Paulo Coelho confirmed on Tuesday. 6% in 2022 after falling by a revised. It. T +264 61 204 5000 F +264. V. “We can confirm that the negotiation. 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. The three are in a joint venture; Shell Namibia B. 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. 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 National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director. 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. Frequently Ask Questions. Latoya Geingos is a Business Strategy & Performance Management Secretary at National Petroleum Corporation of Namibia based in Windhoek, Khomas. 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. V. 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. Namcor has stored Validus Energy’s petrol at the national oil Storage facility at Walvis Bay for N$21,6 million. Namibia has committed to reducing its overall greenhouse gas (GHG) emissions by 92 percent by 2030 from the business-as-usual baseline level. 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. National Petroleum Corporation of Namibia (NAMCOR) Aug 2014 - Present 9 years 4 months. Import and Export Petroleum Products NAMCOR 14 years 2 months Petroleum Trader NAMCOR Mar 2014 - Present 9 years 9 months. 8. His trustworthy with people and company's property is something anyone will admire. Key highlights and significance of this development in the broader oil and gas sector. 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. Development and Implement HR policies, procedures and systems that support efficient and effective management of. Opportunities. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. 1:20. +264 1129 0957. Functions of Corporation Part IV – General provisions relating to licences 9. S. This is an average of over N$620 000 per. . 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. 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). The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . “We are delighted to announce this third oil discovery,” state-owned oil firm National Petroleum Corporation of Namibia (NAMCOR), said in a statement. Walvis Bay, Erongo Region, Namibia. Get the latest business insights from Dun &. The 4 th edition of the Namibia’s International Energy Conference will be held from 20 th – 22 nd April 2022 in Windhoek. Ministry of Industrialisation, Trade and SME Development. The National Petroleum Corporation of Namibia holds the remaining 10 per cent. This joint venture. Jennifer Comalie (Chairperson) / Mr. Last Update. Rikumbi Kandanga Street, Walvis Bay. 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. NAMCOR is the National Petroleum Corporation of Namibia, established under the Petroleum (Exploration and Production) Act of 1991. Source: AP Group Namibian national oil company Namcor is progressing plans to further develop the. com. 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. NAMCOR is the National Petroleum Corporation of Namibia and is a legally enacted entity with limited liability under the Namibian Companies Act of 1973. 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. View Contact Info for Free. Jennifer Comalie (Chairperson) / Mr. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. View Contact Info for Free. National Petroleum Corporation of Namibia (Pty) Ltd. Two major oil discoveries were made during the first. In line with this goal, the National Petroleum Corporation of Namibia (NAMCOR) has joined Africa’s biggest energy event, the African Energy. +264 61204 5000, +264 6120 5060. 11. Timoteus Ekandjo (Vice Chairperson) / Mr. Uranium deposits are situated at the Rössing mine near the Swakopmund coastline. V. 11/13/2023 6:09 AM. 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. Hydrocarb Energy Corporation has announced that its subsidiary, Hydrocarb Namibia Energy Corporation Ltd. Jennifer Comalie, the Chairperson of the National Petroleum Corporation Company (Namcor) Board, has attributed the N$700 million losses incurred by the company during. Whereas Shell Namibia Upstream B. The Government of Namibia seeks to engage firms to compete for multi-billion U. Namcor. . 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. The three are in a joint venture; Shell Namibia B. 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. Orange Basin Discovery National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. Their world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. National Petroleum Corporation of Namibia is part of the Energy, Utilities & Waste industry, and located in Namibia. 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. In December 2017, Pancontinental signed a Petroleum Agreement with the Ministry of Mines and Energy of Namibia (Ministry) and Namibian partners for PEL. 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. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. Gazetted Notice on NAMCOR's Exemption request 14February 2019. National Petroleum Corporation of Namibia (Pty) Ltd. Sep 2019 - Present 4 years 3 months. Shell Namibia Upstream B. It accounts for 25% of the country's income. We are actively involved in sourcing and selling as well as the distribution of petroleum products. [1] Its contribution to the gross domestic product (10. 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. 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. 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. According to the three entities, a light oil discovery. The recent allegations of impropriety and controversies surrounding the leadership of the National Petroleum Corporation of Namibia (Namcor) have sparked widespread concern. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. Acquire Petroleum Products from International Markets and Ensure Efficient Import of this Products into Namibia. The Graff-1 well has proved a working petroleum system for light oil in the Orange Basin,. Factual background Aron Tjihumino has been working as a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia for 7 years. 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). Under the Petroleum (Exploration and Production) Act of 1991 we have the mandate to carry out. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. 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. •Facilitated the procurement of goods and services in line with the public. ) (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. Multinational oil and gas company, Shell, has been actively exploring Namibia’s offshore basins since 2014. 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. National Petroleum Corporation of Namibia. NAMIBIA PEL 87 Orange Basin PANCONTINENTAL 75%. 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. Windhoek Namibia Chief Executive Officer Old Mutual Investment Group Namibia Apr 2014 - Jun 2016 2 years 3 months. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@namcor. , 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. By. An online repository of publicly available oil, gas, and mining contracts. 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. 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. Ellanie Smit. 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. Newest African oil jackpot: Namibia must overcome a long-standing corruption curse. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. ”. 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. na. 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. 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. However, at the request of the Minister. Since Managing Director Immanuel Mulunga took charge, the corporation. V. 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. The Government of the Republic of Namibia. Email: info@namcor. 5 million barrels a day, which is needed for the country’s development. 6 million litres still remain, 37 million litres of ADO (diesel) of. Late last year, NAMCOR entered. The Namibian government plans to fast-track the project for production to commence by 2026. He is Namibia's director-general of the National Planning Commission and Minister of Economic Planning. 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. 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. Namcor has no regulatory authority nor statutory right to participate in petroleum development. Shell, which has a similar stake, is the operator of the licence. com/guides/auto-opening-announcement-popups/National Petroleum Corporation of Namibia (NAMCOR) Mar 2014 - Present 9 years 9 months. Energ y and economic development: Namibia's economy consists primarily of mining and manufacturing and its economy is tied closely to South Africa’s. com. Email. Otjiwarongo Depot. Promoting Namibia’s national interests internationally. 1 Year Ago - 2022-10-24 01:00:00. 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. ” - ReconAfrica estimates they could extract Possibly 120 billion barrels of oil [2] - ReconAfrica holds a 90% interest in a petroleum exploration license in. , 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. (previously known as Shell Exploration and Production (LXVIII) B. 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. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. 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. Engage via Email. 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. The exploration license is held by a consortium comprised of QatarEnergy (45%), Shell (45%), and the National Petroleum Corporation of Namibia “NAMCOR” (10%). National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, 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. November 7, 2023 Cobus Theyse. 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 consortium partners comprising QatarEnergy (45 percent interest), Shell (operator, 45 percent interest) and National Petroleum Corporation of Namibia “NAMCOR” (10 percent interest), have. Aron Tjihumino's Phone Number and Email. Timoteus Ekandjo (Vice Chairperson) / Mr. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. June 6, 2023 at 7:28 AM PDT.