AEC Launches Namibia Energy Trade Mission in Collaboration with NIEC 2024

11 Juillet 2024

By NJ Ayuk, Executive Chairman of the AEC

LIBREVILLE, July 11 (Infosplusgabon) - The African Energy Chamber (AEC) – serving as the voice of the African energy sector – has launched a Trade Mission to Namibia from April 23-25 to promote business opportunities within the country’s energy industry. In collaboration with the Namibia International Energy Conference (NIEC), the Trade Mission will facilitate engagement between companies; connect stakeholders to market intelligence and resources; while capitalizing on the conference offerings to drive new investment into the country.

NIEC is an influential event that brings together policymakers, energy stakeholders, investors and international partners to foster industry growth. Now in its sixth edition, the event serves to highlight Namibia’s position as a prime investment decision. The event takes place in partnership with the AEC.

will now proceed to spud Mopane-2X. TotalEnergies has also made its second discovery in the Orange Basin, discovering hydrocarbon-bearing intervals at the Mangetti-1X well this year. Energy major Chevron expects to spud its first well in PEL 90 in Q4, 2024 while Shell’s Jonker-1; La Rona; and Graff-1 finds are expected to hold as much as 1.7 billion barrels of oil. Onshore, independent oil and gas company ReconAfrica plans to start drilling in the Kavango Basin in 2024 while exploration company 88 Energy acquired a 45% non-operated interest in Namibia’s PEL 83 in November 2023.

Notwithstanding this progress, Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, says the country has only scratched the surface of the potential of the hydrocarbon basin, highlighting a wealth of opportunities for new players.

“We are proud to offer the State of African Energy 2024 Outlook for download. The report emphasizes the pivotal role of knowledge and foresight in navigating the complex and dynamic energy landscape and equips stakeholders with the insights they need to make informed decisions in the year ahead. As we venture into 2024, we are on the brink of making substantial strides in overcoming energy poverty through Africa and moving towards a more sustainable energy future".

FIN/INFOSPLUSGABON/KLJ/GABON2024

© Copyright Infosplusgabon