NAMCOR intensifies search for courting partners
NAMCOR, joined numerous companies around the world at one of America’s biggest upstream exploration and production expo under the name North American Prospect Expo, held from the 4th to the 7th of February in Houston, Texas. The company’s participation in the event forms part of its tireless efforts to continuously raise Namibia’s profile as an attractive investment destination in the petroleum sector. At the same time it aims to retain existing relations, while forming new partnerships. NAMCOR show cased Namibia’s petroleum licensing process commonly known as acreage in the industry, and also explained the geology of Namibia to potential investors with a specific focus on the oil and gas opportunities also known as hydrocarbon potential. The Kudu Gas and Data Management projects also featured prominently at the event. The Kudu Gas project is the main strategic power generation project for Namibia, while the data management project will assist NAMCOR market Namibia’s hydrocarbon exploration potential internationally, on the basis of the data at hand.
NAMCOR’s Managing Director Obeth Kandjoze described the company’s participation in the NAPE Expo as “an important oil and gas platform that offers an immense network base to NAMCOR and Namibia.” NAMCOR Kudu Gas Project Leader Manfredt Muundjua is equally upbeat about the Namibian state owned petroleum company’s participation in NAPE 2014. “It gives NAMCOR and the Namibian petroleum sector appropriate publicity, while at the same time affording a unique opportunity to interact with service providers and potential investors.”