4. . Namcor imported 20 million litres of ULP (unleaded petrol) of which 3. Mar 06, 2023. 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. 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. Walvis Bay Depot. 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. Namibia’s oil and gas sector is still in the exploration stage. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. He has worked for the National Petroleum Corporation of Namibia. 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. An online repository of publicly available oil, gas, and mining contracts. Acting public enterprise minister Iipumbu Shiimi said this in his response in. 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. Jennifer Comalie, the Chairperson of the National Petroleum Corporation Company (Namcor) Board, has attributed the N$700 million losses incurred by the company during. 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. com. 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 will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. 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. 2% in 2013, 11. Newest African oil jackpot: Namibia must overcome a long-standing corruption curse. This decision was made by the Namcor board during a sitting on 27 January. 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. 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. 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. 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. Immanuel Mulunga. Faraday Street, Otjiwarongo. [1] Its contribution to the gross domestic product (10. Acting public enterprise minister Iipumbu Shiimi said this in his response in. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . Aron Tjihumino is a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Continue Reading. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they. The Corporate Social Responsibility Policy has three key focus areas namely education, environment and community upliftment. Shell, which has a similar stake, is the operator of the licence. The three are in a joint venture; Shell Namibia B. 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. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. V. com/guides/auto-opening-announcement-popups/National Petroleum Corporation of Namibia (NAMCOR) Mar 2014 - Present 9 years 9 months. of Namibia (NAMCOR) (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. Part III – National Petroleum Corporation of Namibia 8. Growing Projections For Namibia’s Petroleum Industry Amidst Covid-19. National Petroleum Corporation of Namibia. Shell Namibia Upstream 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. BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:-1. 5 million barrels a day, which is needed for the country’s development. Jennifer Comalie (Chairperson) / Mr. 11/12/2023 4:56 AM. BW got hold of the initial 56 per cent in the licence back in February 2017, also through an. Promoting Namibia’s national interests internationally. 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. of Namibia (Namcor) with 10%, and Custos Investments (Pty) Ltd. 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. “We can confirm that the negotiation. 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. 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. 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. Namibia’s status as an oil exploration hot-spot was bolstered by the arrival of a third rig, following discoveries last year by TotalEnergies SE and. However, the government faces challenges in avoiding the resource curse that has. National Petroleum Corporation of Namibia. Section 8 defines the functions of the National Petroleum Corporation of Namibia. 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. 19 April 2023. Since Managing Director Immanuel Mulunga took charge, the corporation. S. The state-owned National Petroleum Corporation of Namibia (NAMCOR) is the key organisation in the sector. com. According to the three entities, a light oil discovery. 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. Control Board of Namibia (ECB), Namibia Power Corporation (NamPower), National Petroleum Corporation of Namibia (NAMCOR), the Namibia Energy Institute (NEI), the National Planning Commission (NPC), the Ministry of Finance, and the Ministry of Environment and Tourism. Corporation Of Namibia (Proprietary)Limited. Mining is the biggest contributor to Namibia 's economy in terms of revenue. Source: AP Group Namibian national oil company Namcor is progressing plans to further develop the. Namibia; Core Values; Board of Directors; Executive Management; Stakeholders; National Legal Framework; Corporate Social Responsibility NDUME TRADING, RAFS RAINBOW AVIATION FUELING, SKY WAY INVESTMENTS AND ACER LOGISTICS NAMIBIA: Download: NCS/ONB/NC-08/2021: Provision of Clearing Agency Services for NAMCOR Petroleum Products Imports and Exports Via Vessel and Trucks for a Period of Three (3) Years: Hilenish Investment cc: Download: G/OIB/NC-01/2021 Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. 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. NAMCOR was appointed by the Government of the. Whereas Shell Namibia Upstream B. TFG Donates School uniforms in partnership with SOS CV NAMIBIA. 11/12/2023 8:18 PM. 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. Read More. Email: info@namcor. The Namibian National Petroleum Corp. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. 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. Uranium is one of the most exported commodities of Namibia. NAMCOR will retain the remaining 5 per cent working interest. with 10%. Definitions (1) In this Act, unless the context indicates otherwise - “ block ” means any area on land. The facility is currently operating at 60% of its capacity. He is Namibia's director-general of the National Planning Commission and Minister of Economic Planning. 1 person has recommended Davidt Join. Source: BW Energy. 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. 6% in 2014) is also very important and makes it one of the largest economic sectors of the. Namcor. 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. Multinational oil and gas company, Shell, has been actively exploring Namibia’s offshore basins since 2014. (previously known as Shell Exploration and Production (LXVIII) B. Prohibition on carrying out certain operations without licence 10. 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. 22 June 2023. 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. ”. 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. Last Update. HERE IS TODAY’S BULLETIN FOR 08H00FRIDAY, 24 NOVEMBER 2023NAMIBIA PRESS AGENCY 1 (WINDHOEK, 24 NOV, NAMPA) - The National. Get the latest business insights from Dun &. Partners include the National Petroleum Corp. 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. - 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. “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. l@namcor. Windhoek Namibia Responsible for Old Mutual Namibia's investment management business, with N$30 billion in pension fund, long term insurance. Complimentary to this,Whereas Shell Namibia Upstream B. 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. 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. 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). •Facilitated the procurement of goods and services in line with the public. 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. Orange Basin Discovery National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. The National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director. 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. 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. Opportunities. “ Davidt is a dedicated executive with wide experience in business administration and petroleum industry. To get a job at National Petroleum Corporation of Namibia, browse currently open positions and apply for a job near you. It accounts for 25% of the country's income. The Government of the Republic of Namibia. . You can see how this popup was set up in our step-by-step guide: //wppopupmaker. V. By Shelleygan Petersen. Timoteus Ekandjo (Vice Chairperson) / Mr. 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). V. 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. Hamukwaya sued the state oil company in March after it refused to extend her employment contract for another five years. the resulting hydrocarbon molecules (fractions) often are further treated to change their size or structure, which makes them more usable. Read More. V. 5 million barrels a day, which is needed for the country’s development. The Government of Namibia seeks to engage firms to compete for multi-billion U. 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. It offers various petroleum products and. The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s. The Namibian government plans to fast-track the project for production to commence by 2026. 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. On June 11, 2021 the National Petroleum Corporation of Namibia (NAMCOR) and ReconAfrica executed a Joint Operating Agreement (JOA). •Positively maintained the terminal’s budget and petty cash. 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. The board chairperson, Jennifer Comalie, confirmed this. (previously known as Shell Exploration and Production (LXVIII) B. 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. The National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director. The Ministry of International Relations and Cooperation. 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. 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. 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. Previously, Diana was a Part-Time Tutor at The Hong Kong Polytechnic University and also held positions at Polytechnic of Namibia, Silnam IT Solutions, Silnam IT Solutions, Polytechnic of Namibia, Bank of Ann. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. 11. 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 Otjiwarongo Depot. 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 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. Under the Petroleum (Exploration and Production) Act of 1991 we have the mandate to carry out. National Accounts for 2022 showed that the size of the economy as measured by real Gross Domestic Product (GDP) grew by 3. 10. * 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. Functions of Corporation . 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. 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. We are actively involved in sourcing and selling as well as the distribution of petroleum products. Functions of corporation. na, Board of Directors: Ms. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they have 67%. Downstream activities generally refer to the marketing and distribution of petroleum products. Projects & Maintenance Engineer at National Petroleum Corporation of Namibia. Namcor managing director Immanuel Mulunga said. na. 10. com. 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. 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. com. 14. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. The PEL 39 blocks are located in. Namcor has no regulatory authority nor statutory right to participate in petroleum development. Their world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. V. 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. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. Tel: +264 64 200 265 . However, at the request of the Minister. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. 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. 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. na. National Petroleum Corporation Of Namibia. and Qatar Energy. View Contact Info for Free. Fax: +264 61 204 5061 /30 / 92. About Us: We are a legally enacted entity under the Namibian Companies Act of 1973 with the. It also assists the Ministry with the administration of the Petroleum (Exploration and Production) Act. Restrictions on grant of licences. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. 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 national petroleum company has given its employees until 19 November to get their first or second dose of the Covid-19 vaccine. 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. Timoteus Ekandjo (Vice Chairperson) / Mr. | 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. General powers of Commissioner and Chief Inspector are defined in section 4. com. The upstream petroleum industry in Namibia is primarily regulated by the Petroleum (Exploration and Production) Act 1991 (Act 2 of 1991) – the. Windhoek, Namibia —. and Qatar Energy – announced the discovery of. na. National Petrolium Corporation of Namibia(NAMCOR) National Petroleum Corp. NAMIBIA PEL 87 Orange Basin PANCONTINENTAL 75%. 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. 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 (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. 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. of Namibia, said in a Bloomberg TV. 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 Foschini Group (TFG) donated school uniforms (shoes, socks,. 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. 2014 - 2018. View Contact Info for Free. Aron Tjihumino's Phone Number and Email. Restrictions on grant of licences . The purpose of the enterprise is to provide and maintain an adequate, reliable, competitive, safe and efficient gas service to customers at. na. 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. November 7, 2023 Cobus Theyse. Acquire Petroleum Products from International Markets and Ensure Efficient Import of this Products into Namibia. dollar. National Petroleum Corporation of Namibia (NAMCOR) is a national oil company. In the meantime, the company has failed to appoint banker Lionel Matthews as its acting managing. 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. National Petroleum Corporation of Namibia Aug 2014 - Present 9 years 4 months. ” - ReconAfrica estimates they could extract Possibly 120 billion barrels of oil [2] - ReconAfrica holds a 90% interest in a petroleum exploration license in. Applications for, or renewal or transfer of, licenses or for approval for granting, cession or. ) (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!. The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of Namibia (NAMCOR). National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. By 2030, #Guyana’s hydrocarbon production could reach about 1. National Petroleum Corporation of Namibia (Pty) Ltd. 8. Sintana holds a 49% indirect interest in Custos. Our world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. 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. The three are in a joint venture; Shell Namibia B. Two major oil discoveries were made during the first. Latoya Geingos is a Business Strategy & Performance Management Secretary at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Last Update. The Kudu Development Project has as its purpose the development of the Kudu Gas Field located offshore Republic of Namibia. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. 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. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. By. Canadian company Reconnaissance Energy Africa and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have been granted. na, Board of Directors: Ms. Factual background Aron Tjihumino has been working as a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia for 7 years. Walvis Bay, Erongo Region, Namibia. +264 1129 0957. 11. Gobabis Depot . Jennifer Comalie was arrested at the company. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNATIONAL OIL STORAGE OF NAMIBIA (NOSF) John Ovenstone Road, Walvis Bay. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. V. 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. 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. “We can confirm that the negotiation was unsuccessful,” Namcor spokesperson Paulo Coelho confirmed on Tuesday. Private Bag 13196, Windhoek, Namibia. V. 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. 3% in 2012, 13. Products/Services overview. The Government of the Republic of Namibia. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. Nestor Sheefeni is the Engineering & Technical Services Executive at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Late last year, NAMCOR entered. The National Petroleum Corporation of Namibia (Namcor) has agreed to pay its finance executive, Jennifer Hamukwaya, N$1,6 million to leave the company. 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. 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. This is an average of over N$620 000 per. com. Email. National Petroleum Corporation of Namibia is part of the Energy, Utilities & Waste industry, and located in Namibia. Otjiwarongo Depot. QatarEnergy has signed a Cooperation Agreement with NAMCOR Exploration and Production, a subsidiary of the National Petroleum Corporation of Namibia. Source: AP Group Namibian national oil company Namcor is. This joint venture. 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. In line with this goal, the National Petroleum Corporation of Namibia (NAMCOR) has joined Africa’s biggest energy event, the African Energy. Namcor’s executive for business strategy, Shiwana Ndeunyema,. 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. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. Tel: +264 64 285 918 . Namcor managing director Immanuel. PEL 0039 covers about 12,000 sq km in deep water, 250 km off the southern coast of Namibia. 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 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. Prohibition on carrying out certain operations without licence . 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. Energ y and economic development: Namibia's economy consists primarily of mining and manufacturing and its economy is tied closely to South Africa’s. 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. 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. NAMCOR Gobabis Depot. Email: info@namcor. 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. 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. June 6, 2023 at 7:28 AM PDT. 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. General provisions relating to licences . V. ) (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. 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. (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. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@namcor. 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. 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. Prohibition on carrying out certain operations without licence. 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. Successfully led the implementation of a terminal management system. National Petroleum Corporation of Namibia (Namcor) (A State-Owned Company) 10% with costs carried to the development stage. 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. , 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. The National Petroleum Corporation of Namibia (Pty) Ltd “NAMCOR” and its subsidiaries are governed by a Board of Directors appointed by the Minister of Mines and Energy and it recognizes that good Corporate Governance is vital to the Organisation to ensure compliance with laws and legislative frameworks, and for accountability The National Petroleum Corporation of Namibia (NAMCOR) led a strategic workshop on Tuesday at the Namibia International Energy Conference (NIEC) 2023 in Windhoek, under the theme, “Understanding Namibia’s Onshore and Offshore Hydrocarbon Potential. 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. 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. 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. Its members ensured the balance, inclusivity and relevance of. Despite the Ministry of Energy and Mines and Shell awaiting the results on the commercial viability of the find, the discovery has. Jennifer Comalie (Chairperson) / Mr. 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. Rikumbi Kandanga Street, Walvis Bay. Windhoek Namibia Chief Executive Officer Old Mutual Investment Group Namibia Apr 2014 - Jun 2016 2 years 3 months. ] By. 1 Year Ago - 2022-10-24 01:00:00. The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of. Represented by Namibian-based law firm,. 3 billion from the National Oil Storage Facility (NOSF). Ministry of Industrialisation, Trade and SME Development. 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. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum.