Also known as: Petroleum Training and Education Fund
Petrofund — Namibia's Petroleum Training and Education Fund facilitating oil sector employment and MSME participation through partnerships with international operators.
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The Namibian
Petrofund is actively addressing the gap in technical oil and gas-specific qualifications
“"Petrofund is actively addressing this issue.They are exploring ways to ensure more Namibians can gain the necessary qualifications and meet future demands," says Harrison.”
Namibia only has 45% capability for oil sector skills demandMore than 60 young Namibians have secured internships and employment with international oil and gas companies as the country develops its petroleum sector. PETROFUND has signed over 10 memoranda of understanding with upstream operators and service companies to create training and employment pathways for Namibian youth.
24 July 2026 · Windhoek Observer →
More than 60 young Namibians have secured internships and employment with international oil and gas companies as the country develops its petroleum sector. PETROFUND has signed over 10 memoranda of understanding with upstream operators and service companies to create training and employment pathways for Namibian youth.
24 July 2026 · Windhoek Observer →
As Namibia prepares for offshore oil production, the government must formalize and gazette the National Upstream Petroleum Local Content Policy (finalized in March 2025) to ensure Namibian businesses and workers benefit from the sector. The article uses a kitchen analogy to argue that formal rules—modeled on lessons from Brazil and Norway—are essential for Namibia to build generational wealth from its oil resources.
24 June 2026 · The Namibian →
As TotalEnergies and other companies approach final investment decisions on Orange Basin projects before 2026, the oil and gas sector will begin broad procurement across raw materials, infrastructure, and services. However, most Namibian small and medium enterprises are not yet positioned to compete for these opportunities.
3 June 2026 · The Namibian →
Petrofund, Namibia's Petroleum Training and Education Fund, has commenced a two-day workshop to help Micro, Small, and Medium Enterprises understand opportunities and global standards required by International Oil Companies in the oil and gas sector. Minister Modestus Amutse emphasised that the initiative aligns with the government's strategy to increase MSME contribution to the national economy from 16% and noted that local capacity development is critical as Namibia approaches its first Final Investment Decision.
22 April 2026 · Informanté →
A US government delegation led by Ambassador John Giordano visited Baker Hughes' integrated facility at Walvis Bay Port to observe Namibia's energy sector development. The company operates major infrastructure including liquid mud and cement facilities that support offshore operations and local employment and training initiatives.
17 February 2026 · New Era →
An opinion piece argues that Namibia's local content policy in oil and gas should be measured by actual skilled employment, apprenticeships linked to real job demand, and technology transfer—not merely spending figures or scholarships—to prevent fronting and ensure young Namibians gain lasting capability and productive livelihoods.
8 February 2026 · The Namibian →
Malaysia-based Yinson Production has identified Namibia as a key emerging market for offshore oil and gas development, anticipating strong global demand for floating production and storage units. The company has signed a memorandum with Petrofund to develop local content through training and scholarships, and plans to open a Namibia office in January 2026.
8 January 2026 · Informanté →