On September 1-2, the countries of the MSGBC basin, their African allies, international oil companies and investors will come together to write the future for African energy that develops Africa.
Among those countries intervening to explore interactions with their MSGBC counterparts is Namibia, a country with 11 billion in proven oil reserves against nine billion in the basin.
Namibia has confirmed a delegation of half a dozen of its top heads of state led by Minister of Mines and Energy Tom Alwindo to meet MSGBC counterparts at West Africa’s premier energy forum in less than two weeks.
Having experienced its own hydrocarbon boom similar to the one the basin has experienced over the past decade, Namibia continues to make great strides to become a competitive oil and gas producer. Under the leadership of Tom Alwind, Namibia has become one of Africa’s most attractive countries for investment thanks to regulatory reforms, strengthening ties with various major companies including TotalEnergies, ExxonMobil, ReconAfrica, Eco Atlantic, Africa Energy Corp and Qatar Energy.
Indeed, just this year Shell and TotalEnergies announced two world-class discoveries a month apart in January and February respectively. The first of these, Shell’s Graff-1, contains 300 million barrels of reserves, ahead of only TotalEnergies’ second field, Venus-1, with three billion barrels of oil reserves. It is the largest oil find in sub-Saharan Africa and TotalEnergies’ largest discovery in two decades, dispelling any uncertainty about Namibia’s pre-eminence in the African energy sector.
Equally, following in the footsteps of the MSGBC basin, Namibia is approaching one-third of renewable energy at 30.3% of total budgeted energy consumption, and while Mauritania is undertaking the world’s largest clean hydrogen project, the CWP mega-development with a capacity of 30 $40 billion GW Oman – Namibia is moving ahead with the equivalent of the $9.4 billion Hyphen Energy project, using JE Alwind’s deep financial experience as the first head of the Bank of Namibia and previous minister of economic planning to attract foreign direct investment at an unprecedented level .
His Eminence Alvindo will address the first morning ministerial panel of MSGBC 2022 together with the respective ministers of Senegal, Mauritania, The Gambia, Guinea-Bissau, Equatorial Guinea, Ghana, Sierra Leone, the Democratic Republic of the Congo and Congo-Brazzaville, who will meet later in the day under the auspices of His Excellency President Maki Solo is a co-author of the Dakar Declaration – Africa’s common position on an approach to a fair and just energy transition.
The Minister was joined by Maggie Shino, Petroleum Commissioner; Emmanuel Mulunga, Managing Director, National Petroleum Corporation of Namibia (NAMCOR); Rachel Msiska, NAMCOR Personal Assistant; Siwana Ndevnyoma, Executive Director of Strategy and Business Development, NAMCOR, and His Excellency Elvis Shivedo, Ambassador of the Republic of Namibia to Senegal, as part of the national delegation.
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Distributed by APO Group on behalf of Energy Capital & Power.
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