Launch of the outcomes of the Industrial Baseline Survey for the Namibian upstream Oil and Gas Industry

Namibia's Oil and Gas (O&G) discoveries in the Orange Basin have been a driver for new opportunities and a potential for economic growth, with potentially significant investment across the lifecycle. TotalEnergies and Shell made the decision to launch a comprehensive and independent Industrial Baseline Survey (IBS) to identify Local Content opportunities and to assess the current status of Namibia’s local supply chains and workforce to meet the standards of the O&G industry, taking into account their core and fundamental requirements.

An IBS is crucial for managing industry expectations, understanding the Namibian O&G ecosystem, identifying potential Local Content opportunities, assessing short-to-long term potential, identifying key investments, and understanding the Namibian investment case. A successful four-phased project involved extensive secondary research, communication campaigns, stakeholder engagements, and in-depth analysis. This involved exploring legal and socio-economic dynamics, launching campaigns, engaging with stakeholders, and assessing local supply chains and workforce.

Note: Generally, an IBS is commissioned once the Final Investment Decision (FID) milestone has been reached. To be proactive, this IBS was launched early to aid in guiding policy development and assisting government in prioritization when setting long term economic objectives. It also gives Namibian industry and workforce time to develop local content potential. In the interim, project scenarios are used to estimate potential demand for goods, services and workforce. The Namibian Oil & Gas projects are still in the pre-FID phase, should FID be confirmed these project demand estimates would be refined.