The African Energy Chamber and S&P Global Commodity Insights to host a webinar exploring lessons which Namibia can learn from Guyana’s oil and gas market successes.
The African Energy Chamber (AEC), the voice of the African energy sector, is proud to announce its partnership with global energy and commodities information provider S&P Global Commodity Insights will host a webinar aimed at exploring Guyana’s oil and gas successes as a standard for Namibia to maximize its hydrocarbon prospects.
Featuring presentations and a panel discussion from Namibia’s energy sector representatives and industry experts from both the AEC and S&P Global Commodity Insights, the webinar will explore Guyana’s rich hydrocarbon basins and how the government has maximized the revitalization of its oil and gas regulatory frameworks to create an enabling environment for the success of the industry and how Namibia – Africa’s top emerging hydrocarbon market – can learn from Guyana’s experiences.
During the webinar, S&P Global Commodity Insights’ representatives and researchers including Joaquim de Azevedo, Erik Meyer and Cody Schulte will share insights on the rapid expansion of Guyana’s upstream industry, geology, exploration and production activities, as well as fiscal changes and how Namibia can leverage best practices to drive hydrocarbons industry success at home.
The webinar will also feature a high-level panel discussion and question and answer session with Maggy Shino, Petroleum Commissioner at the Ministry of Mines and Energy, Namibia; Verner Ayukegba, Senior-Vice President, AEC; and Justin Cochrane, African Upstream Regional Research Director, S&P Global Commodity Insights, who will provide updates on Namibia’s exploration plans and activities and insights on the regulatory environment and programs underway to boost the southern African country’s upstream, midstream and downstream sectors and local content development.
The webinar follows Namibia dominating the global energy market with the country making three large-scale discoveries since 2022 – TotalEnergies’ Venus discovery in Block 2913B, Shell’s Graff-1 oil discovery in Block 2913A and Shell’s oil discovery in the PEL-39 licence in the Orange Basin. In addition to these discoveries, the country has turned into an exploration hotspot for global majors, local and regional firms and international independents.
“The Chamber is proud to expand its partnership with S&P Global Commodity Insights on sharing industry data, expertise and insights around the best practices which top and emerging African oil and gas producers such as Namibia can adopt to drive industry success. During this webinar, we will delve into Guyana’s successes and how they can be adopted as a case study to accelerate Namibia’s upstream prospects and investment, regulatory and local content plans. We believe that just like Guyana, Namibia is on the verge to maximize its 2,20 trillion cubic feet of gas and 11 billion barrels of oil reserves to shape local, regional and global energy security while fast tracking socioeconomic developments,” states Ayukegba.
The webinar will take place on Tuesday the 27 June, 15:30 SAST. Register at https://commodityinsights.spglobal.com/2023EcosystemGlobalAcquisitionUpstreamSolutionsEventNamibiaGuyana-Register.html