Namibia and Equatorial Guinea take lead to position Africa as a globally competitive oil and gas producer
Namibia and Equatorial Guinea have taken the lead to position Africa as a globally competitive oil and gas producer, leveraging intra-African partnerships and cooperation to scale up the local workforce.
Following sizable oil and gas discoveries in Namibia in 2022, the two countries forged an agreement during the Namibian International Energy Conference (NIEC) 2022 that saw four Namibian engineers trained at the Equatorial Guinea Liquified Natural Gas (EG LNG) facility.
This programme has been significant, both for Namibia’s future oil and gas industry and for Africa’s energy sector at large, and the African Energy Chamber (AEC) commends both countries on this bold initiative.
During the NIEC 2022, Tom Alweendo, Minister of Mines and Energy, announced the training partnership with Gabriel Mbaga Obiang Lima, Equatorial Guinea’s Minister of Mines and Hydrocarbons. Alweendo visited Equatorial Guinea and worked with his counterpart to kick off the training of Namibians.
In addition to receiving exploration and production training at the facility, the engineers were trained at the associated Methanol Facility and the Turbo Gas Facility at the Punta Europa Complex.
The Namibian engineers also received training on various operational matters from British independent Trident Energy, known for operational efficiency and production improvements. Trident is the operator of Block G, which includes the producing Ceiba and Okume Complex fields made up of six oil fields in the Gulf of Guinea, in shallow and deep water in the Rio Muni basin.
This training has not only signaled a new era of intra-African energy collaboration and partnerships but has opened up significant opportunities for Namibia to position itself as a globally competitive oil producer on the back of south-south cooperation.
With both countries having placed local content at the center of their developmental strategies, this training initiative marks the start of a new era of hydrocarbon growth in Africa on the back of cooperation and collaboration. Long-term, Equatorial Guinea is committed to establishing itself as a regional energy hub, leveraging ambitious local content initiatives to develop a strong and competitive hydrocarbon market in-country.
Similarly, Namibia, at the start of its hydrocarbon journey, has recognized the role local content will play in making energy poverty history while kick-starting industrialization and economic prosperity. As such, the country has introduced proactive local content policies, with the Equatorial Guinean training initiative only furthering this agenda.
“It is good to see energy companies in Equatorial Guinea taking the lead in the training and development of Namibian youth. EG LNG, Trident Energy, Chevron, Marathon Oil should be given huge credit, incentive and encouraged to do more. It is important for young Africans. Energy companies are our partners, and we must support them as we push for Namibian energy growth,” stated NJ Ayuk, Executive Chairman at the AEC.
The training initiative followed Shell’s Graff-1 discovery and TotalEnergies Venus discovery made merely weeks apart in February 2022, unlocking up to four billion barrels of recoverable reserves combined. The discoveries were significant, with their associated developments set to double Namibia’s GDP by 2040.
Shortly thereafter, the country took a proactive approach to get advanced training from U.S. and regional firms, with the government eager to bring these projects online as soon as possible. In this scenario, Equatorial Guinea emerged as the obvious partner, with the country hosting a suite of global energy majors and large-scale hydrocarbon developments alike.
“What Minister Alweendo and Obiang Lima have done should be commended. They have demonstrated the role that intra-African energy cooperation will play in Africa’s energy future. Equatorial Guinea, with its expertise as an oil and gas player, offers Namibia the knowledge and training that the country needs to develop a thriving domestic oil and gas industry,” concluded Ayuk.