Petroleum commissioner Maggy Shino says Namibia's oil exploration journey is far from over.
Photo archive
Petroleum commissioner Maggy Shino says Namibia's oil exploration journey is far from over. Photo archive

American oil explorers visit Namibia

Promising oil and gas frontier
The regional conference is taking place under the theme 'From Frontier to Discoveries: Namibia's Journey to Major Oil and Gas Discoveries'.
Augetto Graig
The American Association of Petroleum Geologists (AAPG) is hosting its Africa regional conference in Windhoek until Wednesday, under the theme 'From Frontier to Discoveries: Namibia’s Journey to Major Oil and Gas Discoveries'.

Maggy Shino, Namibia's petroleum commissioner, described the Namibian oil exploration story as "remarkable" during her opening address yesterday.

She said Namibia has emerged as a promising frontier for oil and gas exploration.

“This transformation has been driven by a concerted effort from both the public and private sectors united in the pursuit of unlocking Namibia’s substantial natural resources," she said.

“Companies brought their expertise, advanced technologies and financial resources, further accelerating Namibia’s journey towards becoming a recognised player in the global energy landscape."

Recent discoveries have confirmed the presence of substantial hydrocarbon reserves and solidified Namibia’s position as a frontier with significant potential for future development. The successes are a testament to the collaborative efforts of the government, industry leaders, and local communities, Shino said.

“However, this journey is far from over,” she added.

Topics of discussion

The workshop focuses on environmental stewardship, responsible resource management and community engagement to help address challenges that remain to be overcome and opportunities that remain to be seized.

Yesterday’s programme featured addresses from Sa’id Al Hajiri, the AAPG vice president for the Africa region, and Nillian Mulemi, the AAPG Africa region president.

Galp geoscientist Daniel Rodrigues presented on the Mopane complex, while Yuri Martinez Perez discussed the tectonic evolution of the Owambo and Nama basins in Namibia. Raydel Toirac Proenza of Pioneer Oil and Gas spoke about the elements of prospectivity in the northern Lüderitz basin. This was followed by Reginalda Joseph from the same organisation, who elaborated on Namibia’s magmatic passive margin exploration.

Today’s sessions continue with a welcome from Namcor’s Victoria Sibeya, who is co-chairing the event along with Aune Amutenya, also from Namcor and a member of the AAPG leadership for the Africa region.

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 497.57/OZ DOWN -0.0079 | Copper US$ 4.04/lb DOWN -0.0194 | Zinc US$ 2 721.80/T DOWN -0.3% | Brent Crude Oil US$ 72.03/BBP DOWN -0.0187 | Platinum US$ 919.13/OZ DOWN -0.007 Sport results: Currie Cup: Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Weather: Katima Mulilo: 15° | 36° Rundu: 14° | 37° Eenhana: 14° | 36° Oshakati: 14° | 34° Ruacana: 16° | 34° Tsumeb: 18° | 32° Otjiwarongo: 14° | 31° Omaruru: 15° | 32° Windhoek: 14° | 28° Gobabis: 12° | 31° Henties Bay: 10° | 15° Wind speed: 22km/h, Wind direction: S, Low tide: 06:31, High tide: 13:01, Low Tide: 19:03, High tide: 01:21 Swakopmund: 12° | 14° Wind speed: 26km/h, Wind direction: SW, Low tide: 06:29, High tide: 12:59, Low Tide: 19:01, High tide: 01:19 Walvis Bay: 10° | 18° Wind speed: 31km/h, Wind direction: SW, Low tide: 06:29, High tide: 12:58, Low Tide: 19:01, High tide: 01:18 Rehoboth: 12° | 30° Mariental: 12° | 31° Keetmanshoop: 11° | 29° Aranos: 13° | 31° Lüderitz: 10° | 22° Ariamsvlei: 10° | 27° Oranjemund: 8° | 17° Luanda: 20° | 22° Gaborone: 14° | 30° Lubumbashi: 15° | 34° Mbabane: 14° | 26° Maseru: 8° | 26° Antananarivo: 11° | 26° Lilongwe: 19° | 29° Maputo: 18° | 29° Windhoek: 14° | 28° Cape Town: 11° | 15° Durban: 16° | 23° Johannesburg: 14° | 24° Dar es Salaam: 23° | 30° Lusaka: 19° | 31° Harare: 15° | 28° Economic Indicators: Currency: GBP to NAD 23.39 | EUR to NAD 19.77 | CNY to NAD 2.52 | USD to NAD 17.85 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.18 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.86 | USD to AOA 920.38 | USD to BWP 13.26 | USD to EGP 48.39 | USD to KES 128.23 | USD to NGN 1620.02 | USD to ZAR 17.85 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1796.9 Down -0.34% | Casablanca Stock Exchange (CSE) MASI 13906.42 Up +0.42% | Egyptian Exchange (EGX) 30 Index 31029.7 Up +0.10% | Botswana Stock Exchange (BSE) DCI 9624.48 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 497.57/OZ DOWN -0.0079 | Copper US$ 4.04/lb DOWN -0.0194 | Zinc US$ 2 721.80/T DOWN -0.3% | Brent Crude Oil US$ 72.03/BBP DOWN -0.0187 | Platinum US$ 919.13/OZ DOWN -0.007