WINDHOEK, Oct. 10 — Namibia aims to acquire assistance from Qatar to ensure the development of a national petroleum development strategy, an official said Monday.
Namibia also aims to have the best policies to ensure the effective management of capital that will be acquired from oil and gas exploration and production, the Ministry of Mines and Energy spokesperson Andreas Simon said in a statement following a courtesy visit by Saad Sherida Al Kaabi, minister of state for energy affairs in the State of Qatar to his Namibian counterpart Tom Alweendo, minister of mines and energy in Windhoek, capital of Namibia, Monday.
According to Simon, Qatar will also assist in areas of environmental management. During the visit, the two government officials discussed matters about the importance of skills development in Namibia’s oil and gas sector, shareholding structures, timelines, and activities before possible production.
Al-Kaabi also alluded to the importance of fast and effective governance processes and systems. He further touched on the importance of engineering, procurement, and construction (EPC) contracts which would require close management when realizing exploration and ultimately production.
Namibia in February this year made a discovery of light oil in the Orange Basin by a joint venture at the Graff-1 prospect some 250 km offshore Namibia. (Xinhua)
Namibia looks to Qatar for assistance to develop national petroleum development strategy
