Caption: The Exploration & Production reached its WIG of N$20 400 million data sales.
Sales stand at a staggering N$22 537 458.27. A combination of efforts ranging from participation in carefully selected international oil and gas conferences, advertising in international oil and gas publications and specialised data promotional packages contributed to this commendable achievement.
Caption: The Exploration & Production Department is involved in a project that will see more value being placed on high hydro- carbon potential blocks.
The Prospect Inventory Project which is being implemented for the rst time in the E & P department, aims to identify blocks that demonstrate high value. It will assist Government to put value on the blocks, allowing it opportunity to devote its energies appropriately. It will also provide NAMCOR with key technical insight in order to make informed decisions when applying for new blocks.
The department also views the exercise as a key capacity building opportunity, as it has challenged staff to actively research on areas they have done little or no research on. Schlumberger gives Petrel software support which is used for data interpretation of this project.
Caption: The Commercial Business Unit landed OTESA as a new customer and has supplied the company with 2 × 26,000 litres of self-bunded tanks.
As part of the customer value proposition. OTESA was recently awarded the tender (Phase 2), to upgrade the road between Windhoek and Okahandja. Eni Lubricants, manufactured in Italy, are sup- plied by NAMCOR to OTESA to compliment the fuel sales.
Caption: The Commercial Business Unit has acquired a new client Zhongmei Engineering Group.
It has installed a 67,000litres tank at its Zhongmei Construction site in Henties Bay, to ser- vice the Henties Bay – Swakopmund road construction project. A Fuel Supply Agreement was signed between NAMCOR and Zhongmei which has seen a number of sales since. Zhongmei further constructed a crusher 8kms from Swakopmund, where they crush stones for the use at the actual road construction. An additional 14,000litres tank has been installed at the crusher site, as part of value proposition for newly acquired construction customers.