We are a legally enacted entity under the Namibian Companies Act of
1973 with the Government of the Republic of Namibia as our sole shareholder. Under the Petroleum
(Exploration and Production) Act of 1991 we have the mandate to carry out reconnaissance,
exploration and production operations either on its own or in partnership with other
organisations in the industry.
What We Do
Our upstream activities include exploration and production,
promotion and maintaining an advisory and regulatory role.
Exploration and Production
To date, 48 exploration, one production, and two Coal Bed Methane
licenses have been issued to Namibian and international oil and gas companies. Overall, a total
of 15 exploratory wells, 7 appraisal wells drilled in the KUDU gas field/license area have been
drilled offshore Namibia. Subsequently, 10 ODP/DSPD wells have been drilled for research studies
by various universities offshore. In addition, 10 exploratory wells have been drilled
Commercial and Marketing
We have a variety of petroleum products from our depot network. We
also offer different customer value propositions to the various market sectors such as the
mining, construction, commercial road transport, manufacturing, fishing resellers and farming
We play a major role in the active marketing or promotion of the
hydrocarbon potential of the Namibian acreage to local and international oil exploration and
production companies. Having identified prospects and leads with potential for accumulating
hydrocarbons and carried out all necessary petroleum geological and geophysical work required,
such acreage is offered to local and international oil companies.
Our role as government institution is to actively promote the
hydrocarbon potential of Namibia. In exercising this role the company is tasked with advising
the Ministry of Mines and Energy on policy
issues regarding the upstream petroleum industry and monitoring the petroleum activities of oil
companies operating within Namibia. We have since independence facilitated the signing of
several petroleum agreements with international oil companies.