Nambia’s national oil company, NAMCOR, has signed a Memorandum of Understanding (MoU) with Technip Energies, a French engineering and technology company, for the development of Namibia’s oil and gas discoveries made recently by Shell and TotalEnergies.
The MoU was signed on the second day of the ongoing African Energy Week 2022 in Cape Town, South Africa.
Present at the signing were representatives from both Technip Energies and NAMCOR, with the MoU signed by Immanuel Mulunga, CEO of NAMCOR, and Loic Chapuis SVP Gas and Low Carbon Energy, Technip Energies.
As per the terms of the MoU, Technip Energies would help assist NAMCOR with the development of the country’s two large-scale oil and gas discoveries made earlier this year, providing technology services to help get these discoveries onstream as soon as possible.
“We are here to sign a landmark MoU between the Namibian government and Technip Energies. NAMCOR will sign on behalf of the government of Namibia. We are excited about the two discoveries made this year and want to start discussing with a world-class company like Technip Energies to see how they can assist us get these discoveries onstream,” Mulunga stated.
“We are honoured and excited to sign this partnership deal to enhance our presence in Africa. Namibia is a key focus for us and the development of these discoveries perfectly aligns with our agenda as Technip Energies. We are delighted to share technology with Namibia and feel that this MoU will be instrumental in improving technology in Namibia,” Chapuis said.
Source: https://energynewsafrica.com