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Namibia and Equatorial Guinea strengthen energy relations with a high-level visit from the Ministry and the national oil and gas companies

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  This week a high level delegation led by the Hon Tom Alweendo Minister of Mines and Energy of Namibia is making a diplomatic visit to the regional gas leader Equatorial Guinea with the aim of strengthening energy ties and expanding local content dialogue between the two nations With the visit underway a series of bilateral meetings site visits and collaborative discussions paved the way for further cooperation between the two nations During the visit the Namibian delegation composed of H E Minister Alweendo the Commissioner of Petroleum Maggy Shino and the director general of the Namibian National Petroleum Corporation NAMCOR Immanuel Mulunga among other dignitaries paid a visit to the Punta Europa liquefied natural gas LNG complex in Equatorial Guinea EG LNG where the delegation obtained information about facility operations challenges and successes For Namibia the site visit provided a unique understanding of how the facility operates while for Equatorial Guinea the opportunity to share best practices regarding gas monetization in Africa Since then several bilateral meetings have taken place between the Namibian delegation and the executives of Equatorial Guinea First NAMCOR met with Juan Antonio Ndong Ondo General Director of the national gas company of Equatorial Guinea SONAGAS as well as Vicente Abeso Mbuy First Deputy General Director of the National Oil Company of Equatorial Guinea NOC GEPetrol During the meetings the parties discussed the role NOCs play in driving oil and gas developments in Africa training and development of nationals and the role that gas plays in driving local and regional economies with SONAGAS and GEPetrol providing key insights into strategies for gas monetization as well as rapid resource development Following these meetings Br Minister Alweendo met with HE Gabriel Mbaga Obiang Lima Minister of Mines and Hydrocarbons of Equatorial Guinea and discussions largely focused on how Namibia can secure investment and accelerate hydrocarbon development Having made two major oil and gas discoveries this year Namibia is committed to bringing these developments online as soon as possible with the perspective of Equatorial Guinea key to helping the country achieve this goal In May 2007 the first shipment of EG LNG was delivered making it one of the fastest LNG projects in terms of time from final investment decision to first shipment As such Bro Minister Alweendo hopes to replicate this achievement with both ministers emphasizing the role that local content will play Speaking about the role of local content Minister Obiang Lima encouraged the Namibian delegation to work closely with the NOCs to continue the success story of EG LNG At the inception of EG LNG a strong emphasis was placed on national staff development as well as integrating nationals into the EG LNG workforce Not only did this enable world class community engagement between International Oil Companies IOCs and the national workforce it supported the government s local content agenda initiating further programs to build the capacity of local suppliers and contractors Hoping to reflect this success a group of Namibian engineers will remain in Equatorial Guinea for the next four months training and working closely with citizens of Equatorial Guinea For Namibia this will be key as the country unlocks the true potential of its oil and gas resources This year alone IOCs TotalEnergies and Shell made two significant discoveries together with NAMCOR just weeks apart The combined recoverable reserves for these two finds are estimated at four billion barrels and the developments are expected to double Namibia s GDP by 2040 Hoping to mirror these successes other independent explorers have stepped up their own exploration campaigns such as ReconAfrica and BW Kudu aggressively chasing their own finds As such the Namibian hydrocarbons market is set to witness unprecedented growth and the information from Equatorial Guinea only serves to push the burgeoning sector forward When we have an African country that has the experience and the means that is why we are here We have young Namibian engineers who will be seconded to the Ministry here so that they have more practical and on the job lessons In this way it will speed up the process for us to develop the skills It s a new industry for us so we need to start developing those skills and this deal will really help us and we re grateful for that As Africa we must start to increase the collaboration between us declared the Hon Alweendo Namibia recently had two discoveries in February and it is time that we as a country can engage and collaborate with Equatorial Guinea so that we can embark on the next phase in our industry and understand how we can do better lessons that we can take advantage of and see what Equatorial Guinea has already done especially in terms of local content human development and industry on the ground These are skills and lessons that we want to be able to learn from them to develop our industry said Shino After the visit to Equatorial Guinea the Hon Minister Alweendo will depart for Senegal where he will join other West African energy ministers at the 2022 edition of the MSGBC Oil Gas Power conference which will take place under the auspices of HE Macky Sall President of Senegal and current President of the African Union During the conference Br Tom Alweendo will deliver a keynote address participate in several high level bilateral meetings and help drive discussions on a just energy transition in Africa Namibia and Equatorial Guinea will also play prominent roles during the African Energy Week in Cape Town
Namibia and Equatorial Guinea strengthen energy relations with a high-level visit from the Ministry and the national oil and gas companies

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Tom Alweendo

This week, a high-level delegation led by the Hon. Tom Alweendo, Minister of Mines and Energy of Namibia, is making a diplomatic visit to the regional gas leader, Equatorial Guinea, with the aim of strengthening energy ties and expanding local content dialogue between the two nations.

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With the visit underway, a series of bilateral meetings, site visits and collaborative discussions paved the way for further cooperation between the two nations.

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During the visit, the Namibian delegation composed of H.E. Minister Alweendo; the Commissioner of Petroleum, Maggy Shino; and the director general of the Namibian National Petroleum Corporation (NAMCOR), Immanuel Mulunga, among other dignitaries, paid a visit to the Punta Europa liquefied natural gas (LNG) complex in Equatorial Guinea (EG LNG), where the delegation obtained information about facility operations, challenges and successes.

For Namibia, the site visit provided a unique understanding of how the facility operates, while for Equatorial Guinea, the opportunity to share best practices regarding gas monetization in Africa.

Since then, several bilateral meetings have taken place between the Namibian delegation and the executives of Equatorial Guinea.

First, NAMCOR met with Juan Antonio Ndong Ondo, General Director of the national gas company of Equatorial Guinea, SONAGAS, as well as Vicente Abeso Mbuy, First Deputy General Director of the National Oil Company of Equatorial Guinea (NOC).

, GEPetrol.

During the meetings, the parties discussed the role NOCs play in driving oil and gas developments in Africa; training and development of nationals; and the role that gas plays in driving local and regional economies, with SONAGAS and GEPetrol providing key insights into strategies for gas monetization as well as rapid resource development.

Following these meetings, Br. Minister Alweendo met with HE Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, and discussions largely focused on how Namibia can secure investment and accelerate hydrocarbon development.

Having made two major oil and gas discoveries this year, Namibia is committed to bringing these developments online as soon as possible, with the perspective of Equatorial Guinea key to helping the country achieve this goal.

In May 2007, the first shipment of EG LNG was delivered, making it one of the fastest LNG projects in terms of time from final investment decision to first shipment.

As such, Bro. Minister Alweendo hopes to replicate this achievement, with both ministers emphasizing the role that local content will play.

Speaking about the role of local content, Minister Obiang Lima encouraged the Namibian delegation to work closely with the NOCs to continue the success story of EG LNG.

At the inception of EG LNG, a strong emphasis was placed on national staff development, as well as integrating nationals into the EG LNG workforce.

Not only did this enable world-class community engagement between International Oil Companies (IOCs) and the national workforce, it supported the government’s local content agenda, initiating further programs to build the capacity of local suppliers and contractors.

Hoping to reflect this success, a group of Namibian engineers will remain in Equatorial Guinea for the next four months, training and working closely with citizens of Equatorial Guinea.

For Namibia, this will be key as the country unlocks the true potential of its oil and gas resources.

This year alone, IOCs TotalEnergies and Shell made two significant discoveries together with NAMCOR, just weeks apart.

The combined recoverable reserves for these two finds are estimated at four billion barrels, and the developments are expected to double Namibia’s GDP by 2040.

Hoping to mirror these successes, other independent explorers have stepped up their own exploration campaigns, such as ReconAfrica and BW.

Kudu aggressively chasing their own finds.

As such, the Namibian hydrocarbons market is set to witness unprecedented growth, and the information from Equatorial Guinea only serves to push the burgeoning sector forward.

“When we have an African country that has the experience and the means, that is why we are here.

We have young Namibian engineers who will be seconded to the Ministry here so that they have more practical and on-the-job lessons.

In this way, it will speed up the process for us to develop the skills.

It’s a new industry for us so we need to start developing those skills and this deal will really help us and we’re grateful for that.

As Africa, we must start to increase the collaboration between us”, declared the Hon. Alweendo.

“Namibia recently had two discoveries in February and it is time that we as a country can engage and collaborate with Equatorial Guinea so that we can embark on the next phase in our industry and understand how we can do better.

, lessons that we can take advantage of and see what Equatorial Guinea has already done, especially in terms of local content, human development and industry on the ground.

These are skills and lessons that we want to be able to learn from them to develop our industry,” said Shino.

After the visit to Equatorial Guinea, the Hon. Minister Alweendo will depart for Senegal, where he will join other West African energy ministers at the 2022 edition of the MSGBC Oil, Gas & Power conference, which will take place under the auspices of HE Macky Sall, President of Senegal and current President of the African Union.

During the conference, Br. Tom Alweendo will deliver a keynote address, participate in several high-level bilateral meetings, and help drive discussions on a just energy transition in Africa.

Namibia and Equatorial Guinea will also play prominent roles during the African Energy Week in Cape Town.

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