- Published Date
- Hits: 1425
An Oil and Gas conference later this year will focus on the sector’s development potential once a significant hydrocarbon resource is pinpointed either on land or offshore.
Rich Africa, a strategic advisory company specialising in natural resources law, policy and investment this week launched their international oil and gas conference that will take place for the first time in Namibia. The conference aims to explore the opportunities and challenges associated with the discovery of oil and gas. Themed “The Road to Discovery and Beyond”, the Namibia International Oil and Gas Conference and Exhibition is slated to take place at the Windhoek Country Club and Resort from 6 to 7 September 2012.
Delegates will range from government officials to investors, international oil and gas industry executives and most importantly, the local business community. The two-day conference will not only focus on discussion, debate and networking but will also include an exhibition featuring oil and gas companies and service providers. The exhibition is intended to allow a better understanding of the various elementsof petroleum operations and to identify possible business opportunities in this sector.
Speaking at the launch, Rich Africa Executive Director, Selma Shimutwikeni said that as a proudly Namibian company, Rich Africa Consultancy is organising this conference for the benefit of the country. “We are grateful to government and sponsors for making this important event possible” she said.
Rich Africa has confirmed the presence of international and national experts on diverse areas such as economics, finance, tax, geology, petroleum operations and specialized upstream legal matters. Complementing this spectrum of topics, are several industry players with international experience who will interact with stakeholders in the Namibian downstream petroleum industry. Invited speakers include Leon Muller, a local oil and gas expert, and economist Dr John Steytler.
Robert Mwanachilenga, the Country Manager and senior drilling engineer of Chariot Oil and Gas, believes that there is huge potential for growth of the oil and gas industry in the country and said the timing for the oil and gas conference is spot on.
He says that despite the oil and gas industry being a highly specialized industry, his company’s aim was to encourage maximum participation of local companies and experts in all its activities. “ We believe that the maximization of local content is the best way to create a sustainable industry,” Mwanachilenga emphasised.
The inaugural conference is endorsed by the Ministry of Mines and Energy, as the regulatory authority for the petroleum industry, as well as the Ministry of Trade and Industry, as the investment promotion ministry. The current sponsors of the conference are BP as the first and biggest supporter, Chariot Oil and Gas as co-sponsor. PricewaterhouseCoopers is a sponsor as business advisory partner.
At least 30 companies are expected to exhibit at the conference which is hoped to attract more than 4000 participants. No oil has yet been discovered in Namibia despite more than a decade of intense exploration. The Kudu gas field is the only known hydrocarbon source but at only 3 trillion cubic feet estimated size, is too small for viable extraction.
- Articles In This Category
- Foot and Mouth restrictions lifted (1047 hits)HeadlinesThe Ministry of Agriculture, Water and Forestry has announced the lifting of restrictions in the movement of livestock following the successful...Quicker response for protection orders (342 hits)HeadlinesIt takes on average 13 to15 days to serve an interim protection order on the abuser once it is made. This is according to a 2012 report by the Legal...Bullish leo expands network (252 hits)HeadlinesThe Acting CEO of the country’s second biggest mobile operator is confident of turning around the fortunes of the debt ridden entity after its...Manufacturers learn in China (1342 hits)HeadlinesThe Namibian Manufacturers’ Association (NMA) was invited by the National Planning Commission to attend a field trip and bilateral Seminar on...US Embassy offers basic internet training (1175 hits)HeadlinesEmployees at the Katutura Multi-Purpose Resource Centre started their first session in basic internet training this past Wednesday. The training is...And the winners are... (625 hits)HeadlinesThursday evening, 20 September, the Development Bank of Namibia (DBN) held the first Good Business Award to recognise exemplary clients. A judging...NDC invests in solar energy (420 hits)HeadlinesThe National Development Corporation (NDC) has invested N$850,000 in a solar energy project that will see a 30% to 40% monthly energy cost savings....Pam Golding re-launches local unit (230 hits)HeadlinesFour years after the termination of a franchise agreement between international real estate firm, Pam Golding Properties and businesswoman Daphne...HeadlinesECB Chief Siseho Simasiku has described the under-utilisation of the country’s transmission assets despite major investments as worrisome. Simasiku...Katuka helps build careers (1806 hits)HeadlinesThe Katuka Mentorship Programme, which aims to empower and encourage entrepreneurs, held its first training session for 2012 this week. Fifteen new...
- Related Articles
- Oil prospects attract SA interest (826 hits)General NewsA Western Cape Province delegation that was in the country recently on a one-day business mission, said it is looking at partnering Namibia in...Oil company makes listing history (529 hits)General NewsTaking advantage of the oil fever currently sweeping the country, Canadian Oil and Gas exploration company, Eco Atlantic this week became the first...First well - No oil (1472 hits)HeadlinesRig leaves for Angola The share price of African focused oil and gas exploration company, Chariot this week took a major tumble after the explorer...More exploration for oil (1135 hits)HeadlinesThe Ministry of Mines and Energy last month awarded an exploration license to Serica Energy PLC a British independent oil and gas exploration and...General NewsThe 1st International Oil & Gas Conference and Exhibition which will take place on 06 and 07 September in Windhoek will be attended by leading...
- Latest Articles
- Mobilising BEE power in tourism (431 hits)HeadlinesEntrepreneurship is said to be the main driver for economic growth hence the need for promoting and training entrepreneurs especially those engaged...Houses by the thousands (423 hits)HeadlinesA massive housing development programme, which will see a major facelift of the country’s informal settlements, is in its final stages of...From ECB to Energy Regulator (427 hits)HeadlinesThe transformation of the Electricity Control Board to a broader Energy Regulator is well on track with the final industry adjustments taking place....How many billions can the mattress hold? (21 hits)Editors DeskMy views on the informal economy are regularly sought by policy makers and entrepreneurs alike. The reason is rather straightforward: by all...WeatherWhat happened? Major disparities are prevalent across the three dimensional atmospheric range as revealed by the synoptic charts for surface levels:...