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. Fax: +264 61 204 5061 /30 / 92. 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. Faraday Street, Otjiwarongo. This marks a significant step forward in Namibia's oil exploration journey. Tel: +264 67 307 588 . In the past NAMCOR did not seek a participatory interest in licenses awarded. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. Listen. 22 June 2023. Nestor Sheefeni is the Engineering & Technical Services Executive 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. Fax: +264 61 204 5061 /30 / 92. and Qatar Energy – announced the discovery of. Acquire Petroleum Products from International Markets and Ensure Efficient Import of this Products into 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. 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. V. 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. Restrictions on grant of licences . 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. , 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. Orange Basin Discovery National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. The state-owned National Petroleum Corporation of Namibia (NAMCOR) is the key organisation in the sector. 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). Windhoek Namibia Responsible for Old Mutual Namibia's investment management business, with N$30 billion in pension fund, long term insurance. Hydrocarb Energy Corporation has announced that its subsidiary, Hydrocarb Namibia Energy Corporation Ltd. 6 million litres still remain, 37 million litres of ADO (diesel) of. National Petroleum Corporation of Namibia (NAMCOR) Address: Private Bag 13196 Windhoek: Phone +264 6122 1699: Fax +264 6122 1785: Our Partners Namibia Partners. Walvis Bay, Erongo Region, Namibia. 11. Windhoek, Namibia —. BW got hold of the initial 56 per cent in the licence back in February 2017, also through an. Read More. 6 national pEtrolEum Corporation oF namibia AnnuAl RepoRt 2015 rated by distillation or fracturing. V. 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. Siegfried Neumann. Source: BW Energy. 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. 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. Email: info@namcor. Import and Export Petroleum Products NAMCOR 14 years 2 months Petroleum Trader NAMCOR Mar 2014 - Present 9 years 9 months. Source: AP Group Namibian national oil company Namcor is. | 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. November 7, 2023 Cobus Theyse. Despite the Ministry of Energy and Mines and Shell awaiting the results on the commercial viability of the find, the discovery has. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. “Namcor imports its product and distributes it inland to its customers and exports the rest to its customers in Botswana and Zambia. Partners include the National Petroleum Corp. V. Projects & Maintenance Engineer at National Petroleum Corporation of Namibia. V. 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. 3% in 2012, 13. 10. 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. 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. . •Facilitated the procurement of goods and services in line with the public. na. 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. 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. 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. Namcor. 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. 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. 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. 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. Namcor managing director Immanuel Mulunga said. 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. PEL 0039 covers about 12,000 sq km in deep water, 250 km off the southern coast of Namibia. The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s. Use the CB Insights Platform to explore National Petroleum Corporation of. Continue Reading. 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. of Namibia (Namcor) with 10%, and Custos Investments (Pty) Ltd. According to the three entities, a light oil discovery. By Shelleygan Petersen. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. Late last year, NAMCOR entered. “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. Development and Implement HR policies, procedures and systems that support efficient and effective management of. Namibia’s oil and gas sector is still in the exploration stage. 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. Promoting Namibia’s national interests internationally. of Namibia, said in a Bloomberg TV. 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. The Kudu Development Project has as its purpose the development of the Kudu Gas Field located offshore Republic of 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. To get a job at National Petroleum Corporation of Namibia, browse currently open positions and apply for a job near you. June 6, 2023 at 7:28 AM PDT. Petroleum products are mainly used in the transport sector which accounts for 44 % of the total final consumption. Complimentary to this,Whereas Shell Namibia Upstream B. Get the latest business insights from Dun &. provides exploration and production services for onshore and offshore petroleum resources in Namibia. The National Petroleum Corporation of Namibia (Namcor) was appointed by government to manage and operate the NOSF in Walvis Bay. procurement policy. Applications for, or renewal or transfer of, licenses or for approval for granting, cession or. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . As an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities, Eco Atlantic has been keen. It accounts for 25% of the country's income. 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. We are actively involved in sourcing and selling as well as the distribution of petroleum products. 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. Gobabis Depot . National Petroleum Corporation Of Namibia. Shell, which has a similar stake, is the operator of the licence. Functions of corporation. Jennifer Comalie (Chairperson) / Mr. Canadian company Reconnaissance Energy Africa and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have been granted. By. 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. 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. 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 facility is currently operating at 60% of its capacity. 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. Restrictions on grant of licences 11. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. Namcor will co-own the oil blocks with Angola’s state-owned oil entity, Sonangol, and two other partners in a joint venture known as Sungara Energies. Two opposition parties. National Petroleum Corporation of Namibia (Pty) Ltd. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . 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 Government of the Republic of Namibia is its sole shareholder. This is an average of over N$620 000 per. National Accounts for 2022 showed that the size of the economy as measured by real Gross Domestic Product (GDP) grew by 3. However, at the request of the Minister. 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 National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. , 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. 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. 5% in 2021 and 4. Prohibition on carrying out certain operations without licence. By 2030, #Guyana’s hydrocarbon production could reach about 1. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. Read More. 19 April 2023. 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. 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. According to the three entities, a light oil discovery. A LOOK AT WHAT’S NEXT FOR NAMCOR. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. View Contact Info for Free. 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. T +264 61 204 5000 F +264. 11/12/2023 4:56 AM. NAMCOR Gobabis Depot. 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. 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. 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. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the. The Government of the Republic of Namibia. QatarEnergy has signed a Cooperation Agreement with NAMCOR Exploration and Production, a subsidiary of the National Petroleum Corporation of Namibia. Namcor has no regulatory authority nor statutory right to participate in petroleum development. V. Our downstream strategy is to establish and secure strategically located fuels and lubricants distribution networks, as well as sales infrastructure to. , or Namcor, posted a loss of 700 million Namibian dollars ($37 million) and said it faces “significant cash flow challenges”. 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 head of the board of directors at Namibia’s national oil company has appeared in court to face charges of dealing drugs. Acting public enterprise minister Iipumbu Shiimi said this in his response in. The exploration license is held by a consortium comprised of QatarEnergy (45%), Shell (45%), and the National Petroleum Corporation of Namibia “NAMCOR” (10%). THE National Petroleum Corporation of Namibia (Namcor) board is investigating its managing director, Immanuel Mulunga, over his involvement in a payment of N$100 million for two Angolan oil blocks. I am an energetic, passionate, and dedicated individual who strives for excellence in all. The discovery was made on the Petroleum Exploration License 39 – owned by Shell (45%), Qatar Petroleum (45%) and the National Petroleum Corporation of Namibia (10%) – with Shell as the operator. of Namibia (NAMCOR) (10%). •Positively maintained the terminal’s budget and petty cash. NAMCOR Annual Report 2012 5 ManaGinG diRecToR’s and chaiRMan’s RepoRT T he 2012 financial figures has certainly abetted in this recovery action, with the group grossing a net income of N$ 47 118 156 before taxation. 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. com. 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. The Corporate Social Responsibility Policy has three key focus areas namely education, environment and community upliftment. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. National Petroleum Corporation of Namibia. com. 1991 The Petroleum (Exploration and Production) Act 1991 is passed. Diana Vekarapi is a Business Systems Analyst at National Petroleum Corporation of Namibia based in Windhoek, Khomas. com. Acting public enterprise minister Iipumbu Shiimi said this in his response in. 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. ) (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!. 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. It also recently started handling products that are imported 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. . * 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. Hamukwaya sued the state oil. National Petroleum Corporation of Namibia (Namcor) (A State-Owned Company) 10% with costs carried to the development stage. 6% in 2014) is also very important and makes it one of the largest economic sectors of the. 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. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. Restrictions on grant of licences. V. The Foschini Group (TFG) donated school uniforms (shoes, socks,. Gazetted Notice on NAMCOR's Exemption request 14February 2019. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they. Timoteus Ekandjo (Vice Chairperson) / Mr. Represented by Namibian-based law firm,. 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. Please don’t…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. 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. 7 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. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. 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. 2014 - 2018. (Bloomberg) — Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. 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. Namibia’s competitive petroleum exploration scene has helped the state-owned National Petroleum Corporation of Namibia (NAMCOR) to take a stand in. Last Update. NAMCOR is the National Petroleum Corporation of Namibia, established under the Petroleum (Exploration and Production) Act of 1991. “We can confirm that the negotiation. 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. Email. Namcor has stored Validus Energy’s petrol at the national oil Storage facility at Walvis Bay for N$21,6 million. 11/13/2023 6:09 AM. Namcor managing director Immanuel. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNATIONAL OIL STORAGE OF NAMIBIA (NOSF) John Ovenstone Road, Walvis Bay. and Qatar Energy. The National Petroleum Corporation of Namibia (Namcor) is established out of Swakor. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNational Petroleum Corporation of Namibia (NAMCOR) University of KwaZulu-Natal. Further work is needed to determine the quality and size of. with 10%. National Petrolium Corporation of Namibia(NAMCOR) National Petroleum Corp. ”. This is an average of over N$620 000 per. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. Sep 2019 - Present 4 years 3 months. 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. Rikumbi Kandanga Street, Walvis Bay. In Namibia, Shell is in the early stages of exploring offshore for oil and natural gas. 1 Aviation Road, Petroleum House Private Bag 13196, Windhoek. 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. By. The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of. Ellanie Smit. na, Board of Directors: Ms. Latoya Geingos is a Business Strategy & Performance Management Secretary at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Its members ensured the balance, inclusivity and relevance of. 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. Read More. The PEL 39 blocks are located in. +264 1129 0957. 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. It also assists the Ministry with the administration of the Petroleum (Exploration and Production) Act. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they have 67%. 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. V. I fully recommend Davidt for any position within his academic and professional profile!!!!!!”. 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. View Sauraya’s full profile See who you. National Petroleum Corporation of Namibia Aug 2014 - Present 9 years 4 months. Our world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. 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. Cengas Windhoek. Part III – National Petroleum Corporation of Namibia 8. 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. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. National Fishing Corporation of Namibia Act 28 of 1999. 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. 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. 3 billion from the National Oil Storage Facility (NOSF). 494 likes, 21 comments - thenamibian on November 20, 2023: "A joint venture has threatened the National Petroleum Corporation of Namibia (Namcor) with a liqu. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. 1:20. ) (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!. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. 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. Jennifer Comalie was arrested at the company. . Jennifer Comalie (Chairperson) / Mr. l@namcor. 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. This decision was made by the Namcor board during a sitting on 27 January. In the meantime, the company has failed to appoint banker Lionel Matthews as its acting managing. General powers of Commissioner and Chief Inspector are defined in section 4. 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. BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:-1. NAMCOR was appointed by the Government of the. National Petroleum Corporation Of Namibia (PTY) Ltd Address: 1 Aviation Rd, Airport, Windhoek, Namibia City of Namibia Private Bag 13196, Windhoek, Namibia Phone number: 061 204 5000, 061 221 699,, Fax: 061 221 785 Categories: Petroleum Products, 5 Reviews (5 / 5) Petroleum Products. 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 Qatari national oil company has a stake of 45% in the PEL-39 licence. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. 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. 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. PART IV . 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 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. A Commissioner for Petroleum Affairs, a Chief Inspector of Petroleum Affairs, and designation other officers shall be appointed by the Minister under section 3. Namcor has no regulatory authority nor statutory right to participate in petroleum development. 2% in 2013, 11. 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. No description available. com. 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. Frequently Ask Questions. na. ” - ReconAfrica estimates they could extract Possibly 120 billion barrels of oil [2] - ReconAfrica holds a 90% interest in a petroleum exploration license in. Leon Hermann is a Manager at National Petroleum Corporation of Namibia based in Windhoek, Khomas. 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. 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. . 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 purpose of the enterprise is to provide and maintain an adequate, reliable, competitive, safe and efficient gas service to customers at. 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 PEL 87 Orange Basin PANCONTINENTAL 75%. This joint venture. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. Managing Director Immanuel Mulunga says that this means “our peers and the international stakeholders. Functions of Corporation . The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of Namibia (NAMCOR). The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. Whereas Shell Namibia Upstream B. Private Bag 13196, Windhoek, Namibia. THE national petroleum company has given its employees until 19 November to get their first or second dose of the Covid-19 vaccine. Key highlights and significance of this development in the broader oil and gas sector. na. The initial development plan for the field was a gas-to-power project, with Namibia Power Corporation (NAMPOWER) as the downstream partner. 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. Factual background Aron Tjihumino has been working as a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia for 7 years. The three are in a joint venture; Shell Namibia B. Email. 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 is the national oil company of Namibia, with the mission of creating value to all its stakeholders across the oil and gas value chain. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@namcor. 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. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. Engage via Email. 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. 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. Successfully led the implementation of a terminal management system. 11/12/2023 8:18 PM. View Contact Info for Free. Hamukwaya sued the state oil company in March after it refused to extend her employment contract for another five years. 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 National Petroleum Corporation of Namibia holds the remaining 10 per cent. Since Managing Director Immanuel Mulunga took charge, the corporation. The Gas produced from the Kudu Gas Field will. Tel: +264 64 285 918 . ] By. Prohibition on carrying out certain operations without licence . Contact NumberThe National Petroleum Corporation of Namibia (Namcor) board of directors has suspended the company’s managing director, Immanuel Mulunga. Walvis Bay Depot. 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). - 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. Mar 06, 2023. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. Opportunities. 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,. An online repository of publicly available oil, gas, and mining contracts. 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. View Contact Info for Free. About Us: We are a legally enacted entity under the Namibian Companies Act of 1973 with 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. 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). com. Section 8 defines the functions of the National Petroleum Corporation of Namibia. He has worked for the National Petroleum Corporation of Namibia. The consortium partners comprising QatarEnergy (45 percent interest), Shell (operator, 45 percent interest) and National Petroleum Corporation of Namibia “NAMCOR” (10 percent interest), have. com. 5% in 2011, 12. 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. 1 Year Ago - 2022-10-24 01:00:00. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely. (previously known as Shell Exploration and Production (LXVIII) B.