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namib times
SERVING THE COASTAL COMMUNITY SINCE 1958 NO 6953 FRIDAY 25 FEBRUARY 2022 Tel: +264 64 - 205854 / +264 64 - 461866 /Fax: +264 64 - 204813 / 064 - 461824 / Website: www.namibtimes.net
NAMCOR is pleased to announce the VENUS-1X inside Swakop deep water discovery National Petroleum Corporation of Namibia – (NAMCOR), businessthe Namibian state-owned oil company is pleased to announce a major light oil and associated gas discovery on the Venus-1X prospect, located in block 2913B (PEL 56) in the Orange Basin, offshore southern Namibia.
The Venus-1X discovery is located approximately 290 kilometres off the coast of Namibia, in the deep-water offshore exploration block. The well was drilled to a total depth of 6,296 metres, by the Maersk Voyager drillship, and encountered a high-quality, light oil-bearing sandstone reservoir of Lower Cretaceous age. Block 2913B (PEL 56) comprises of a Joint Venture group that includes TotalEnergies (40%), QatarEnergy (30%), Impact Oil and gas (20%), and NAMCOR (10%). The Managing Director, Immanuel Mulunga, commented: “Following the recent success of the Graff-1 well by Shell, this second light oil Continues on page 2
Namibia's First Green Hydrogen Production Plant Launched
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Visit Brazillian Ocean Patrol Vessel Amazonas
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Sassa to verify social grants
Namibia's first green hydrogen production plant was launched by the Ohlthaver & List (O&L) Group and CMB. TECH on Tuesday, 22 February. The plant will be built in the Erongo region. In a statement by the Economic Advisor to the Namibian Presidency, James Mnyupe on what the government is trying to achieve with the Green Hydrogen Demonstration plant, Mnyupe gave his views why energy security enhances economic growth, while energy insecurity measured by energy intensity and carbon intensity variables has a negative impact on economic growth: “We are pursuing energy independence from a troubled Eskom, we pay about 3 billion Namibian dollars for the 60-70% of the energy we import from the SAPP, 40% of it comes from Eskom. It is well documented that our electricity is some of the most expensive on the continent, and as a result, we are losing out on large investment opportunities including the recent Vedanta refinery that was poised to deploy N$6.5 billion dollars into the economy. As these gigawatt projects are built in the South, we are exploring the possibility of off-taking curtailed and dispatchable power from them at attractive prices, positively impacting our current account surplus, reducing our cost of electricity and ultimately increasing our competitiveness from a manufacturing point of view.
man in court for fraud among other charges
Toddler hit and killed by Taxi in Swakopmund Piquet Jacobs A toddler died and his mother sustained serious injuries after a taxi hit them while they were walking on a sidewalk in Swakopmund's Mondesa on Wednesday afternoon this week. According to a report from the Police in the Erongo region, the mother was carrying her almost two-year-old son when the 32year-old taxi driver tried to avoid an accident by swerving out when another Taxi in front of him made a sudden U-turn resulting in the incident.
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