Namibia’s Energy Sector: A New Era of Opportunity
With Namibia planning to commence oil production by 2029, the nation is attracting a wave of global investments in its energy exploration and production sectors. From major energy players to local firms and investors, there’s a noticeable uptick in interest as Namibia establishes itself as a burgeoning hub for energy production in Africa.
The Role of Alvenco Advisory
To facilitate this influx of investments, Alvenco Advisory has been recently established. This strategic advisory firm, led by former Minister of Mines and Energy, Tom Alweendo, is positioned to assist international companies looking to expand their operations in Namibia. Alvenco Advisory aims to foster investment strategies that are not only profitable but also inclusive and sustainable. Their approach includes close collaboration with government stakeholders, aligning investor goals with national priorities, and supporting local community engagement through an emphasis on Environmental, Social, and Governance (ESG) criteria.
Namibia’s Energy Landscape
The emergence of Alvenco Advisory coincides with Namibia’s commitment to developing its offshore oil and gas discoveries in the Orange Basin. Major players like TotalEnergies are preparing for significant investment decisions, aiming for a final decision on its Venus discovery by 2026, with the expectation of first oil production by 2029. Other companies, such as Galp, are making notable strides in their operations, particularly with promising results from the Mopane field, which recently revealed significant quantities of light oil and gas condensate.
Further exploration is underway, with firms like Rhino Resources actively pursuing field development after discoveries made at the Capricornus-1X and Sagittarius-1X wells. Moreover, Halliburton and Stamper Oil & Gas Corp are advancing exploration initiatives in the Orange and Lüderitz Basins, while Chevron is leading efforts in the Walvis Basin after acquiring an 80% stake in several key blocks.
Advancements in Green Hydrogen
However, Namibia’s energy revolution isn’t limited to oil and gas. The country is making significant moves into green hydrogen, aiming to produce between 10-15 million tons of green hydrogen annually by 2050. Key projects include the ambitious $10 billion Hyphen Hydrogen Energy project, which is expected to generate 350,000 tons of green hydrogen per year, and the Daures Green Hydrogen Village, targeting 700,000 tons after 2032. Initiatives like the Hylron Oshivela Project, which began operations in March 2025 and utilizes 12 MW of electrolyzer capacity, also mark significant milestones in this transition.
As Namibia looks to ramp up its hydrogen production, a recent partnership with the European Union aims to attract up to $12 billion in private investments to support these green hydrogen initiatives. Alvenco Advisory is set to play a vital role in helping companies navigate the evolving policy landscape and align with national priorities in this new sector.
Commitment to Inclusive Growth
"Namibia stands at the threshold of transformative change," says Alweendo. "Our country has an extraordinary opportunity to ensure that the wealth generated from our natural resources benefits all Namibians." Alvenco Advisory’s mission extends beyond simply attracting global investments; it is also focused on ensuring those investments create meaningful opportunities for the local population. By aligning the interests of governments and investors, the firm is dedicated to driving inclusive growth in Namibia’s energy landscape.
An Established Leader
Tom Alweendo brings a wealth of experience to his role at Alvenco Advisory. Having served as Governor of the Bank of Namibia, Director General of the National Planning Commission, and Minister in Charge of the National Planning Commission, he played a crucial role in overseeing Namibia’s major oil discoveries and maintaining investor confidence. His commitment to competitive policies and engagement with international stakeholders has laid a solid foundation for Namibia’s energy sector, setting it up for future success.
For further insights into how Alvenco Advisory can help companies succeed in Namibia, you can explore their services at Alvenco Advisory.
