OPEC secretary-general to deliver keynote address at Namibia International Energy Conference 2024

Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), will deliver an address at the Namibian International Energy Conference (NIEC) in Windhoek this April, sharing insight into global oil trends. The Secretary-General will be joined by a delegation from the organisation, who will lead technical discussions around the outlook for oil and the potential role Namibia plays in the global market.

Namibia is on track to produce its first oil from offshore discoveries by 2030 and the country is getting ready to take on a more prominent role in global supply chains. Offshore discoveries and onshore exploration efforts are expected to transform the domestic economy while establishing new export chains for both regional and international consumers.

During NIEC 2024, the OPEC delegation will present the organization’s World Oil Outlook, sharing insight into ongoing developments, future expectations, and efforts to create market stability.

With the development of offshore oil and gas discoveries, Namibia is poised to become a major player globally. Discoveries made by energy majors TotalEnergies, Shell, and QatarEnergy in 2022 and 2023 opened the Orange Basin, with recent drilling success further highlighting the potential for billion-barrel deposits in Namibia.

Multinational energy corporation, Galp, made two discoveries at the Mopane-1X well in 2024 while TotalEnergies announced its second Orange Basin find, with hydrocarbon intervals revealed at the Mangetti-1X well this year. Since 2022, Shell made discoveries at the Jonker-1; La Rona; and Graff-1 wells – expected to hold as much as 1.7 billion barrels in total – while drilling at the Lesedi-1 well in 2023 showed the presence of hydrocarbons. Going forward, exploration in both offshore and onshore basins is set to yield positive results, further underscoring the country’s position as a frontier contender.

Offshore, Galp has proceeded to spud the Mopane-2x well while energy major Chevron expects to spud its first well in PEL 90 in 2024. Exploration and production companies are also making strides onshore. Independent oil and gas company ReconAfrica plans to start drilling in the Kavango Basin this year. Correspondingly, exploration company 88 Energy plans to kickstart exploration in Namibia’s PEL 83 having recently acquired a 45% non-operated interest in the asset.

OPEC’s participation during NIEC 2024 further underscores the organization’s commitment to improving the oil market for up-and-coming producers such as Namibia. Taking place April 23-25 in Windhoek, the sixth edition of NIEC 2024 will connect foreign investors to Namibian energy projects. With the participation of project operators, investors, and Namibian energy leaders, the event will provide an update on ongoing developments, regulatory reform, and upcoming opportunities.

Hot this week

South African businessman Frik van Heerden making waves in the modelling space

Frik van Heerden is a highly successful businessman, but...

#WeWatchKenyan lines up four psychological thrillers

It’s Halloween again, and MyMovies.Africa™ has curated a selection...

Maandamano Baby Stand-Up show: Dec 20, 2024 – Loresho, Nairobi

Top Kenyan stand-up comedian and one of Africa's leading...

Brahman Hills: Eco-friendly weddings – a trend or the new norm?

Eco-friendly weddings have been around since early 2000s, but...

Zanzibar to host Trace Awards & Summit in February 2025 

Trace, the leading Afro-Urban music and culture platform, has...

Topics

South African businessman Frik van Heerden making waves in the modelling space

Frik van Heerden is a highly successful businessman, but...

#WeWatchKenyan lines up four psychological thrillers

It’s Halloween again, and MyMovies.Africa™ has curated a selection...

Maandamano Baby Stand-Up show: Dec 20, 2024 – Loresho, Nairobi

Top Kenyan stand-up comedian and one of Africa's leading...

Brahman Hills: Eco-friendly weddings – a trend or the new norm?

Eco-friendly weddings have been around since early 2000s, but...

Zanzibar to host Trace Awards & Summit in February 2025 

Trace, the leading Afro-Urban music and culture platform, has...

10 series to stream on Showmax this November

This November, Showmax has an exciting lineup of series...

Nine movies to stream on Showmax this November

This November, Showmax is set to deliver a diverse...

Datacentrix graduates excel at IBM watsonx Gen AI Challenge 

Datacentrix, a leading provider of high performing and secure...
spot_imgspot_imgspot_img

Related Articles

Popular Categories

spot_imgspot_imgspot_imgspot_img