NAMIBIAN OUTWARD BUSINESS TRADE MISSION
SAOGA TRADE MISSION
Following on the success of previous trade missions to Mozambique, Namibia and Tanzania, SAOGA’s latest planned mission to Namibia will facilitate introductions with government entities and key stakeholders in the country’s burgeoning oil, gas and energy environments.
DATE: 19 - 24 May 2024
FORMAT: Trade Mission
COST: This Trade Mission is self-funded. Please contact Alain Kerr for details of pricing and finalised programme
The South African Oil & Gas Alliance invites you to join the SAOGA Namibian Oil, Gas & Energy focused Business Trade Mission from 19 to 24 May 2024. For more information about the costs of the mission and the finalised programme, please contact Alain Kerr.
Offering unparalleled opportunities for collaboration and investment in one of Africa's most promising energy sectors, this trade mission will provide a networking and information gathering platform for business success.
Following on the success of previous trade missions to Mozambique, Namibia and Tanzania, SAOGA’s latest planned mission to Namibia will facilitate introductions with government entities and key stakeholders in the country’s burgeoning oil, gas and energy environments.
Whether offering products or services to the oil, gas and energy sectors, this specialised trade mission will offer valuable business-to-business opportunities for all types of enterprises. Key government entities that are currently scheduled to participate include:
- The Ministry of Mines and Energy (NME) of Namibia
- The Ministry of Industrialisation and Trade (MIT) of Namibia
- Namibian Ports Authority (NAMPORT)
- National Petroleum Corporation of Namibia (NAMCOR)
- Namibian Power Corporation (NAMPOWER)
- Namibia Investment Promotion Development Board
According to Woodmac, recent offshore discoveries in Namibia, Venus, Graff, and Jonker are anticipated to have 6–7.5 billion recoverable boe. Wood Mackenzie projects that each field will have an FPSO development, with a peak in national production expected in 2033 at about 870 KBPD (Woodmac Aug'23). WoodMac estimates that by the mid-2030s, Government of Namibia revenues might reach USD 9 billion annually, more than doubling the current Government of Namibia budget inflows. This will have a huge fiscal impact on the Namibian economy. Integrated energy firms find Namibia's large Renewable Energy (RE) potential very enticing, as it allows them to combine oil, gas and energy development with RE development.
393