QatarEnergy has signed a Memorandum of Understanding (MoU) with the Ministry of Mines and Energy to strengthen cooperation in the energy sector.
The agreement was signed by Minister of State for Energy Affairs, the President and CEO of QatarEnergy HE Eng. Saad bin Sherida Al Kaabi and Minister of Mines and Energy, Tom Alweendo.
The MoU, signed at QatarEnergy’s headquarters in Doha, paves the way for continued cooperation and covers key areas such as knowledge sharing, workforce development, and exploring further investment opportunities in Namibia.
“This agreement further strengthens our relationship as we work jointly towards a prosperous future,” Al Kaabi said.
This comes as the National Petroleum Corporation of Namibia (Namcor), through its subsidiary NAMCOR Exploration and Production, entered into an agreement with QatarEnergy in May last year to support and develop a sustainable upstream oil and gas sector in Namibia.
QatarEnergy recently announced a light oil discovery in the Jonker-1X well in the Orange Basin, offshore southern Namibia, adding to the previous two separate oil and associated gas discoveries in the same basin in 2022.
QatarEnergy holds interests in three Exploration Licenses offshore Namibia: PEL-39 (45%), PEL-56 (30%), and PEL-91 (28.33%), covering a total area of over 28,000 square kilometers.
