National Petroleum Corporation of Namibia (Namcor) is confident that the Kudu gas-to-power project will go ahead, despite doubts about the cost expressed by finance minister Calle Schlettwein. Namcor managing director Immanuel Mulunga told Global Pacific & Partners’ Africa Upstream conference the partners were aiming for upstream and downstream financial close in Q1 2016. Norway’s BW Offshore has been selected as upstream technical partner, taking over Tullow Oil’s 31% stake, while Italy’s Saipem has been selected for the subsea and pipelines element. Mulunga said discussions were progressing well, and Namcor expected to finalise contracts before the end of March 2016.
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