{"id":29638,"date":"2022-09-16T16:06:01","date_gmt":"2022-09-16T16:06:01","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil"},"modified":"2022-09-16T16:18:55","modified_gmt":"2022-09-16T16:18:55","slug":"nam-a-long-way-to-producing-oil","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil","title":{"rendered":"Nam a long way to producing oil"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE petroleum commissioner in the Ministry of Mines and Energy, Maggy Shino, says tens of billions of dollars in new investments are needed if the country is to move from being an oil discoverer to an oil producer.<\/p>\n

THE petroleum commissioner in the Ministry of Mines and Energy, Maggy Shino, says tens of billions of dollars in new investments are needed if the country is to move from being an oil discoverer to an oil producer.<\/p>\n

Speaking at a stakeholders’ meeting in Windhoek yesterday, Shino said despite the discovery of oil off the coast of Namibia, the journey to production was still very long.<\/p>\n

\u201cI know we have had a discovery and there has been a hype of jubilation, but what we need to understand is that for us as explorers, we still have a long journey ahead of us before we can change Namibia’s narrative to say we are an oil producing nation,\u201d she said.<\/p>\n

Shino said the country has been there before when discoveries were made of the Kudu gas in 1974, but the resource is still untapped.<\/p>\n

According to the commissioner, for things to change from what happened with Kudu gas to what has happened with oil discovery in 2022, depends on policymakers and government coherence before Namibia gets to its first oil.<\/p>\n

\u201cWe also need, as a country, to be competitive for those resources to have a meaningful impact on our economy. Namibia has made discoveries at a time when issues of energy transition have come to the fore.<\/p>\n

\u201cWe are finding ourselves with oil at a time when the international community, which is the source of the funding we require to bring these resources to the surface are moving away from fossil fuel and trying to decarbonise the environment,\u201d she said.<\/p>\n

Explaining the long journey, Shino said it started with the issuing of licences. Shell got their licence in 2011 but only made a discovery in 2022. Total also took a long time before they made any discovery.<\/p>\n

\u201cNow that two discoveries were made, we need to go into the next phase of exploration with Shell and Total to allocate them the volumetrix of this discovery.<\/p>\n

\u201cWe need them to go into the appraisal phase, which Total has commenced and Shell is to follow soon.\u201d<\/p>\n

She said the two companies will drill more wells to establish how much oil reserves the country has and if it is of commercial value.<\/p>\n

\u201cThis can take two years before we enter the development stage because by then we would know the volumes of oil in reserve,\u201d she said. The country would then decide how to extract the oil, bringing it to the surface\u201d she said.<\/p>\n

Also making a presentation at the meeting was John Titus, the director of energy, who spoke on green hydrogen and the opportunities it brought to Namibia.<\/p>\n

\u201cWe can combine it with nitrogen to produce ammonia for industrial and agro purposes. The green hydrogen can also be exported to Europe,\u201d he said.<\/p>\n

He said Namibia was best suited for green hydrogen production because of its excellent wind speeds of eight metres per second as well as the excellent solar resource, especially in the south.<\/p>\n

He said four valleys had been identified for development and production of hydrogen.<\/p>\n

These are in \/\/Kharas region, the Kunene valley, the Erongo region and the central region.<\/p>\n

Diamond commissioner Miina Auene-Guhutu addressed the parliamentarians on the Diamond Act and amendments that would be beneficial to the industry and Namibians, while mining commissioner Erusmus Shivolo spoke on the draft minerals bill and proposals it contains.<\/p>\n

Email: [email protected]<\/p>\n

Speaking at a stakeholders’ meeting in Windhoek yesterday, Shino said despite the discovery of oil off the coast of Namibia, the journey to production was still very long.<\/p>\n

\u201cI know we have had a discovery and there has been a hype of jubilation, but what we need to understand is that for us as explorers, we still have a long journey ahead of us before we can change Namibia’s narrative to say we are an oil producing nation,\u201d she said.<\/p>\n

Shino said the country has been there before when discoveries were made of the Kudu gas in 1974, but the resource is still untapped.<\/p>\n

According to the commissioner, for things to change from what happened with Kudu gas to what has happened with oil discovery in 2022, depends on policymakers and government coherence before Namibia gets to its first oil.<\/p>\n

\u201cWe also need, as a country, to be competitive for those resources to have a meaningful impact on our economy. Namibia has made discoveries at a time when issues of energy transition have come to the fore.<\/p>\n

\u201cWe are finding ourselves with oil at a time when the international community, which is the source of the funding we require to bring these resources to the surface are moving away from fossil fuel and trying to decarbonise the environment,\u201d she said.<\/p>\n

Explaining the long journey, Shino said it started with the issuing of licences. Shell got their licence in 2011 but only made a discovery in 2022. Total also took a long time before they made any discovery.<\/p>\n

\u201cNow that two discoveries were made, we need to go into the next phase of exploration with Shell and Total to allocate them the volumetrix of this discovery.<\/p>\n

\u201cWe need them to go into the appraisal phase, which Total has commenced and Shell is to follow soon.\u201d<\/p>\n

She said the two companies will drill more wells to establish how much oil reserves the country has and if it is of commercial value.<\/p>\n

\u201cThis can take two years before we enter the development stage because by then we would know the volumes of oil in reserve,\u201d she said. The country would then decide how to extract the oil, bringing it to the surface\u201d she said.<\/p>\n

Also making a presentation at the meeting was John Titus, the director of energy, who spoke on green hydrogen and the opportunities it brought to Namibia.<\/p>\n

\u201cWe can combine it with nitrogen to produce ammonia for industrial and agro purposes. The green hydrogen can also be exported to Europe,\u201d he said.<\/p>\n

He said Namibia was best suited for green hydrogen production because of its excellent wind speeds of eight metres per second as well as the excellent solar resource, especially in the south.<\/p>\n

He said four valleys had been identified for development and production of hydrogen.<\/p>\n

These are in \/\/Kharas region, the Kunene valley, the Erongo region and the central region.<\/p>\n

Diamond commissioner Miina Auene-Guhutu addressed the parliamentarians on the Diamond Act and amendments that would be beneficial to the industry and Namibians, while mining commissioner Erusmus Shivolo spoke on the draft minerals bill and proposals it contains.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE petroleum commissioner in the Ministry of Mines and Energy, Maggy Shino, says tens of billions of dollars in new investments are needed if the country is to move from being an oil discoverer to an oil producer. THE petroleum commissioner in the Ministry of Mines and Energy, Maggy Shino, says tens […]<\/p>\n","protected":false},"author":84,"featured_media":29637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-29638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNam a long way to producing oil - Namibia<\/title>\n<meta name=\"description\" content=\"THE petroleum commissioner in the Ministry of Mines and Energy, Maggy Shino, says tens of billions of dollars in new inv ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nam a long way to producing oil\" \/>\n<meta property=\"og:description\" content=\"THE petroleum commissioner in the Ministry of Mines and Energy, Maggy Shino, says tens of billions of dollars in new inv ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-16T16:06:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-16T16:18:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_13-6324a1dd28fd3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nam a long way to producing oil\",\"datePublished\":\"2022-09-16T16:06:01+00:00\",\"dateModified\":\"2022-09-16T16:18:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil\"},\"wordCount\":1130,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_13-6324a1dd28fd3.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nam-a-long-way-to-producing-oil\",\"name\":\"Nam a long way to producing oil - 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