E & P Spearheads Major block valuation project

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.

Cooperative Muratori Cementisti Ravanna (CMC)/Otesa JV

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.



CBU Lands New Client

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.


Africa Oil Week Honours Namcor’s MD Immanuel Mulunga



Caption: NAMCOR’s Managing Director Immanuel Mulunga was recently honoured with a Life Time Achievement Award, by organisers of Africa Oil Week in Cape Town, South Africa.


Mulunga is praised for transforming the oil licensing industry which boomed since he took over in 2003 as the petroleum commissioner. The search for oil attracted international players to Namibia. He vigorously spearheaded Namibia’s campaigns as an attractive destination for hydrocarbon potential, at various oil and gas platforms in the Unites States of America, the United Kingdom and other parts of the world.


A humbled Mulunga expressed appreciation at the award. “I am humbled at this honour, which I gladly accept on behalf of Namibia.”


The Stellenbosch University Masters of Business Administration (MBA) graduate has a wealth of petroleum administration experience, having served as Petroleum Commissioner in the Ministry of Mines & Energy (MME). He held that position for well over a decade from February 2003 up until his appointment as NAMCOR’s chief administrator in October 2015.


Mulunga holds a Bachelor of Science in Chemistry & Zoology from the University of Namibia (UNAM) and a Diploma in Petroleum Policy & Management from PETRAD in Norway.