In 2022, news of the Namibian discoveries captivated the E&P world and fueled an explosion of interest in the Orange Sub-basin matched only by interest seen in the Guyana Suriname Basin post 2015. Interest in Namibia has been so intense that it has been compared to Guyana and described as "Guyana 2.0". Perhaps the first question one might ask is, is this a fair comparison?
Join us as we look at the geology highlighting the differences and similarities, dig into the exploration history and time to production, look at how licensing is changing in Guyana and suggest what may happen in Namibia. Finally, we will look at the rapid expansion of Guyana's upstream industry and use that as a plausible analogy for Namibia and what are some of the best practices Namibia could draw on from Guyana.
In partnership with African Energy Chamber, we are very pleased to have Maggy Shino, Petroleum Commissioner of the Namibian Ministry of Mines and Energy join us to reinforce the message that Namibia is open for business.
Speakers
MAGGY SHINO
PETROLEUM COMMISSIONER MINISTRY OF MINES AND ENERGY
Maggy Shino heads the Petroleum Affairs Directorate within the Namibian Ministry of Mines and Energy. She has over 15 years working experience in petroleum geological & geophysical and environmental management related fields with a substantial part of her job requirements being supervisory role and field works.
Her career journey started when she joined the Ministry as an Energy Researcher where she was responsible for making use of energy research findings to influence honoring energy demands and policy formulations in the renewable energy sector. She later became a Petroleum Inspector with the responsibilities of ensuring the health, safety, and environmental sustainability in the petroleum upstream and downstream sector for Namibia.
To focus on advancing the exploration activities in Namibia she later became the Petroleum Geologist conducting geochemical and structural analysis to locate possible oil and gas accumulations on the Namibian continental shelf. She advanced with this role through different rankings to become a Deputy Director with overall responsibility of: - evaluating the hydrocarbon potential of the different basins onshore and offshore by using all the existing data, - provide steer on the overall exploration strategy - provide input to the planning exploration drilling and testing programs and monitor their execution etc.
This therefore led to her progressing to the role of Petroleum Commissioner and Director of the Petroleum Affairs Directorate where she regulates the petroleum upstream & downstream sector by: - ensure adequate supply of petroleum products to the Namibian nation. - minimize the negative impact of petroleum resources utilisation, exploration, and exploitation on the environment - contribute to the creation of value for society from petroleum activities and - promoting oil and gas investments - And administering the various legal instruments governing the Namibian petroleum industry
Her career journey started when she joined the Ministry as an Energy Researcher where she was responsible for making use of energy research findings to influence honoring energy demands and policy formulations in the renewable energy sector. She later became a Petroleum Inspector with the responsibilities of ensuring the health, safety, and environmental sustainability in the petroleum upstream and downstream sector for Namibia.
To focus on advancing the exploration activities in Namibia she later became the Petroleum Geologist conducting geochemical and structural analysis to locate possible oil and gas accumulations on the Namibian continental shelf. She advanced with this role through different rankings to become a Deputy Director with overall responsibility of: - evaluating the hydrocarbon potential of the different basins onshore and offshore by using all the existing data, - provide steer on the overall exploration strategy - provide input to the planning exploration drilling and testing programs and monitor their execution etc.
This therefore led to her progressing to the role of Petroleum Commissioner and Director of the Petroleum Affairs Directorate where she regulates the petroleum upstream & downstream sector by: - ensure adequate supply of petroleum products to the Namibian nation. - minimize the negative impact of petroleum resources utilisation, exploration, and exploitation on the environment - contribute to the creation of value for society from petroleum activities and - promoting oil and gas investments - And administering the various legal instruments governing the Namibian petroleum industry
VERNER AYUKEGBA
VICE PRESIDENT WITH THE AFRICAN ENERGY CHAMBER
Verner is a Senior Vice President with the African Energy Chamber where he leads the organisations international outreach and public policy initiatives. In that role, he works with governments and a wide range of stakeholders to craft poli- cies that would ease investments into Africa s energy sector.
He is also a director at the Johannesburg - based DMWA Resources, where he heads the firm’s energy and financial services consulting practice. He was until recently, the Principal Analyst for Sub-Saharan Africa at the IHS Markit on Eco- nomics and Country Risk. In his role, he helps institutional clients structure in- vestment decisions prior and price risk in major Sub-Saharan African economies. Prior to joining IHS Markit,
Verner was a Finance Director for a regional oil and gas company in East Africa based out of South Sudan. Verner also has experience as a management con- sultant, during which he helped clients negotiate with banks, other financial insti- tutions and central banks. He started his career in financial services, working for Fidelity International and State Street Global Advisors in London. Verner is a fre- quent speaker at conferences and commentator in the media on African issues.
Verner received an MBA from Kingston University London. He is fluent in English,French, and German and is an avid traveller.
He is also a director at the Johannesburg - based DMWA Resources, where he heads the firm’s energy and financial services consulting practice. He was until recently, the Principal Analyst for Sub-Saharan Africa at the IHS Markit on Eco- nomics and Country Risk. In his role, he helps institutional clients structure in- vestment decisions prior and price risk in major Sub-Saharan African economies. Prior to joining IHS Markit,
Verner was a Finance Director for a regional oil and gas company in East Africa based out of South Sudan. Verner also has experience as a management con- sultant, during which he helped clients negotiate with banks, other financial insti- tutions and central banks. He started his career in financial services, working for Fidelity International and State Street Global Advisors in London. Verner is a fre- quent speaker at conferences and commentator in the media on African issues.
Verner received an MBA from Kingston University London. He is fluent in English,French, and German and is an avid traveller.
JUSTIN COCHRANE
DIRECTOR, AFRICAN REGIONAL RESEARCH, S&P GLOBAL COMMODITY INSIGHTS
Justin Cochrane is a technical research associate director for the Africa Upstream Intelligence team at S&P Global Commodity Insights.
Justin is responsible for the Angola, Congo, Namibia, South Africa and Zambia editorial and data content of GEPS.
Prior to starting at IHS Markit (now part of S&P Global) in 2013, He worked on exploration and engineering projects in Africa and Asia. These included gold, coal and manganese exploration projects throughout southern Africa, central Africa and western China in addition to numerous geotechnical investigations in southern and central Africa.
Justin holds an MSc in Geology from the University of Johannesburg, South Africa. Based in our Geneva office, he can be contacted via email.
Justin is responsible for the Angola, Congo, Namibia, South Africa and Zambia editorial and data content of GEPS.
Prior to starting at IHS Markit (now part of S&P Global) in 2013, He worked on exploration and engineering projects in Africa and Asia. These included gold, coal and manganese exploration projects throughout southern Africa, central Africa and western China in addition to numerous geotechnical investigations in southern and central Africa.
Justin holds an MSc in Geology from the University of Johannesburg, South Africa. Based in our Geneva office, he can be contacted via email.
ERIK MEYER
SENIOR TECHNICAL RESEARCH ANALYST, S&P GLOBAL COMMODITY INSIGHTS
Erik Meyer is a basin researcher for Sub-Saharan Africa with knowledge regarding regional geology, petroleum systems and exploration play types for the area.
Erik is a subject matter expert for Sub-Saharan Africa basins, and responsible for the review and input of geological content into the Basin Monitor dataset. Prior to joining S&P Global, he has 5 years experience as an exploration geologist in the deepwater Gulf of Mexico, with a focus on seismic interpretation and prospect maturation.
Erik holds a BSc degree in Geology from Louisiana State University.
Erik is a subject matter expert for Sub-Saharan Africa basins, and responsible for the review and input of geological content into the Basin Monitor dataset. Prior to joining S&P Global, he has 5 years experience as an exploration geologist in the deepwater Gulf of Mexico, with a focus on seismic interpretation and prospect maturation.
Erik holds a BSc degree in Geology from Louisiana State University.
CODY SCHULTE
SENIOR TECHNICAL RESEARCH ANALYST, UPSTREAM (GEPS), S&P GLOBAL COMMODITY INSIGHTS
Cody Schulte is a senior technical research analyst on the Upstream (GEPS) Latin America and Frontier North America team at S&P Global Commodity Insights.
Cody's work focuses on field and prospect research in Brazil, Guyana, Suriname, and French Guiana. He joined the Upstream (GEPS) team in 2019 after working as senior data transformation specialist for the Midstream Latin America team. He joined S&P Global Commodity Insights in 2016 and has more than 4 years of experience.
Cody holds a Bachelor of Science from Texas Tech University and a Master of Science from Louisiana State University, both in geology.
Cody's work focuses on field and prospect research in Brazil, Guyana, Suriname, and French Guiana. He joined the Upstream (GEPS) team in 2019 after working as senior data transformation specialist for the Midstream Latin America team. He joined S&P Global Commodity Insights in 2016 and has more than 4 years of experience.
Cody holds a Bachelor of Science from Texas Tech University and a Master of Science from Louisiana State University, both in geology.
JOAQUIM DE AZEVEDO
PRINCIPAL PETROLEUM ECONOMIST, UPSTREAM SOLUTIONS, S&P GLOBAL COMMODITY INSIGHTS
Joaquim de Azevedo is the Petroleum Economist Leader for Vantage at S&P Global Commodity Insights. Joaquim, CFA is an economist with large experience in upstream commodities valuation. He has held position in Merger and acquisition, Strategic Planning and Corporate Finance on large mining and telecommunications companies in Brazil.
Joaquim is based in Rio de Janeiro office and holds a Bachelor of Business Administration from the Federal University of Rio de Janeiro, a Master of Economics from IBMEC/RJ and is a CFA charterholder.
Joaquim is based in Rio de Janeiro office and holds a Bachelor of Business Administration from the Federal University of Rio de Janeiro, a Master of Economics from IBMEC/RJ and is a CFA charterholder.