Namibia approves National Upstream Local Content Policy

The National Upstream Local Content Policy now stands official post approval by the government of Namibia 

As Namibia continues to give international-scale discoveries since the last few years, this new policy will be put into place to navigate the high-risk investment zone it is turning into. The region's rapid upstream growth have also triggered its digital advancement with companies such as Baker Hughes and Halliburton entering the market. 

Prioritising local content

Under the supervision of the Ministry of Mines and Energy, the policy will serve in alignment with the country's broader development frameworks, such as the National Development Plan, Harambee Prosperity Plan and Vision 2030, to realise the goal of an industrialised economy that is primarily led by local expertise and resources. 

While ensuring regulatory flexibility for investors, the new policy also mandates operators to submit extensive 'Local Content Plans' in their proposal for exploration and production license acquisition. This implies clarifying the operators' collaboration plans with indigenous workforces and services.