{"id":56366,"date":"2023-10-20T16:54:42","date_gmt":"2023-10-20T16:54:42","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia"},"modified":"2023-10-20T17:12:31","modified_gmt":"2023-10-20T17:12:31","slug":"namcors-vision-eradicating-energy-poverty-in-namibia","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia","title":{"rendered":"Namcor\u2019s Vision: Eradicating Energy Poverty in Namibia"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Namibian national oil company Namcor is advancing its plans to further develop the country\u2019s oil and gas sector to meet ongoing energy demands and eradicate energy poverty. The company is now setting its sights on drilling two gas and oil wells in collaboration with international oil companies in the fourth quarter of 2023 and into the first quarter of 2024.<\/p>\n

Namcor holds a unique position as both an upstream and downstream player in Namibia, operating in various basins, including the Orange Basin, Lu\u0308deritz Basin, and Walvis Basin.<\/p>\n

In a message to investors, Victoria Sibeya, Executive of Upstream Exploration at Namcor, noted that the discovery of light hydrocarbons in Namibia in 2012 had set the development of its hydrocarbons sector in motion. \u201cThis discovery challenged previous assumptions that the nation\u2019s resources were primarily composed of gas. Among these regions, the Orange Basin stands out with multiple opportunities for industry players,\u201d stated Sibeya.<\/p>\n

In September, Africa Oil Corp announced positive drill stem test results for the Venus-1X well, a major light oil discovery on Block 2913B, located in the Orange Basin. Meanwhile, Impact Oil & Gas, a privately-owned Africa-focused exploration company, also announced the successful drilling of the Venus-1A appraisal well and a successful flow test on the Venus-1X re-entry in Block 2913B (PEL 56).<\/p>\n

Earlier this year, Namcor announced that it was seeking potential partners or investors for three permits, PEL 67, 72, and 79 it operates in the Orange Basin, offshore Namibia. Namcor operates PEL 79 comprising blocks 2815 and 2915, where it has a 67% working interest and local partner Giraffe Petroleum has a 33% equity in this license, which boasts 4,760 km of 2D seismic data coverage.<\/p>\n

Sibeya highlighted Namcor\u2019s proactive role in providing essential data and conducting appraisal work for industry players, a key contribution to sustainable growth within the sector. Namcor\u2019s strategic partnerships with companies like PGS for 2D and 3D data acquisition reinforce its status as an emerging energy player. \u201cWith four major discoveries already under our belt, Namibia holds great potential for further developments in oil and gas, attracting other international oil companies (IOCs) like Shell and Total.<\/p>\n

Sibeya concluded that Namcor would remain an active player in the industry. \u201cWe hold a 10% stake in all the key projects and act as a catalyst for speeding up the development of the oil and gas industry in Namibia,\u201d said Sibeya. She concluded that collaborations with major IOCs in deep-water operations exemplified Namcor\u2019s commitment to the industry\u2019s expansion.<\/p>\n

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Organized in partnership with the African Energy Chamber, AEW 2023 is taking place from 16 to 20 October in Cape Town. Keep following www.AECWeek.com for more exciting information and updates about Africa\u2019s premier energy event.<\/p>\n

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

Africa-Press – Namibia. Namibian national oil company Namcor is advancing its plans to further develop the country\u2019s oil and gas sector to meet ongoing energy demands and eradicate energy poverty. The company is now setting its sights on drilling two gas and oil wells in collaboration with international oil companies in the fourth quarter of […]<\/p>\n","protected":false},"author":84,"featured_media":56365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-56366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamcor\u2019s Vision: Eradicating Energy Poverty in Namibia - Namibia<\/title>\n<meta name=\"description\" content=\"Namibian national oil company Namcor is advancing its plans to further develop the country\u2019s oil and gas sector to meet ...\" \/>\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\/namcors-vision-eradicating-energy-poverty-in-namibia\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namcor\u2019s Vision: Eradicating Energy Poverty in Namibia\" \/>\n<meta property=\"og:description\" content=\"Namibian national oil company Namcor is advancing its plans to further develop the country\u2019s oil and gas sector to meet ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia\" \/>\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=\"2023-10-20T16:54:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-20T17:12:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/10\/sm_1697809231.241344.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\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=\"2 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\/namcors-vision-eradicating-energy-poverty-in-namibia#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namcor\u2019s Vision: Eradicating Energy Poverty in Namibia\",\"datePublished\":\"2023-10-20T16:54:42+00:00\",\"dateModified\":\"2023-10-20T17:12:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia\"},\"wordCount\":481,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/10\/sm_1697809231.241344.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcors-vision-eradicating-energy-poverty-in-namibia\",\"name\":\"Namcor\u2019s Vision: Eradicating Energy Poverty in Namibia - 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