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Home Oil & Gas

Petrofund moves to equip local firms for upstream oil and gas opportunities

by reporter
April 10, 2026
in Oil & Gas
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Namibia’s Petrofund will host a two-day upstream oil and gas suppliers workshop later this month as part of efforts to strengthen local participation in the country’s rapidly expanding energy sector.

The workshop, scheduled for 21–22 April 2026 in Windhoek, is being organised by Petrofund in partnership with First National Bank (FNB), RMB Namibia and the Namibia Investment Promotion and Development Board (NIPDB).

A second session is planned for Walvis Bay in August.

The initiative forms part of broader government efforts to build national capacity in the upstream oil and gas industry, in line with the National Upstream Petroleum Local Content Policy, which aims to maximise the participation and competitiveness of Namibian suppliers.

The primary focus of the workshop is to strengthen the technical, operational and compliance capabilities of local small and medium enterprises, while improving their understanding of procurement processes and industry requirements.

Authorities say this is critical as Namibia advances towards its first Final Investment Decision and, ultimately, first oil.

The programme will bring together petroleum exploration companies holding upstream licences, along with global oilfield service providers involved in drilling, engineering and production activities.

“These petroleum service companies are global leaders in drilling, completion, production and engineering services for the offshore and onshore upstream petroleum industry,” the organisers noted.

Participants are expected to present procurement practices, including scopes of work, tendering requirements and applicable industry standards, providing local businesses with practical insight into how to access opportunities within the oil and gas value chain.

The government, through Petrofund and its partners, aims to use the platform to promote and facilitate the participation of both existing and aspiring Namibian entrepreneurs in the sector.

The workshop comes as Namibia positions itself as an emerging oil and gas player, with increasing focus on ensuring that local businesses benefit from upstream developments.

Applications for the Windhoek session close on 17 April 2026

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