Windhoek, Namibia
Namibia keen on active role as it firms up energy ambitions
The southern African country’s plans include NOC portfolio diversification and boosting domestic gas consumption
Namibian NOC Namcor has set its sights on being more than just a passive partner in its burgeoning upstream sector. The state company is seeking to buy into assets beyond Namibia and intends to start operating its own fields in the near future. Namcor is looking to farm into Angola’s offshore Block 15/06, Shiwana Ndeunyema, Namcor executive for business strategy and performance, confirms. The offshore block is one of the eight licences operated by Azule Energy, the standalone joint venture formed last year when BP and Italy’s Eni combined their upstream Angolan assets. Block 15/06 already has fields in production, including Ndungu, Cuica and Cabaca North, as well as the 100,000bl/d Ngoma flo
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
