Thread: Gazprombank, Namibia's Namcor to finance power plant construction

Can't find a Namibian registration, but only the following information:


From their website (http://www.tullowoil.com):




Namibia Operations and Licences


Tullow holds an operating interest in Production Licence 001 over the Kudu gas field located 170km offshore the south-west coast of Namibia.

The initial development concept for the Kudu gas field was based on supplying gas to an 800 MW base load power station developed and operated by NamPower, the Namibian state-owned power company, with electricity in excess of Namibia’s requirements being absorbed by the South African market. However, recent developments in power generation priorities in the region and the emerging potential for supplying gas into the industrial and transport markets as a replacement for diesel, HFO and LPG, have provided alternative development options. The fast maturing marine CNG technology offers the means for these options to be seriously considered. Technical and commercial studies are currently being conducted to confirm the viability of these options.

Whilst development of the Kudu main field area remains the key area of focus, Tullow is also committed to proving and commercialising the potentially significant reserves upside within the Production Licence area. The Kudu-8 well, drilled in 2007, targeted sands in the Kudu East area, originally tested by Kudu-5. The well encountered gas bearing reservoir but it was found that poor reservoir permeability precluded commercial flow rates at that location. Current exploratory appraisal efforts are now focused on locating extensions of the Kudu main field reservoir within the Production Licence.


Other Partners: NAMCOR, Itochu

Our principal goal is to build an organisation with a spirit that reflects a 'one Tullow' ethos across all our locations and operations. Our culture is based on respect for the individual and integrity, openness and honesty in all our dealings. As a Group we focus on ensuring safe working environments and systems for our employees and contractors, supported by appropriate policies and procedures.

Everyone in Tullow has individual authority, responsibility and accountability for the safety of themselves and others, and an obligation to actively participate in promoting an effective EHS culture. Each person is empowered to stop any activity if there is an unacceptable risk of accident or environmental incident.

We encourage and support healthy living options and achieving a work-life balance, offering flexible and remote working and sponsored gym and sports activities across the Group's three main offices in London, Dublin and Cape Town. We are also committed to transparent disclosure and clear communication of our activities and policies, both internally and externally.



See also: ITOCHU Corporation : Division Companies > Energy, Metals & Minerals Company

It's about time change comes in Namibia.

How can we change collectively the lives of the poor and the needy in Namibia, this should be our worry and concern and life will be much easier for all of us.

Stop poverty should be our slogan!!!

For the fear of repeating myself. This comment by Mindfactory is totally and utterly non sequitur.