As Africa develops its estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of natural gas to strengthen energy security and expand local economies, local-content frameworks are entering a new phase.
Namibia is aiming to raise local content and carried participation in the oil and gas sector from 10 percent to 15 percent by 2030, as the country prepares to leverage its petroleum discoveries for national development. In the next five years, the government of Namibia plans to increase carried participation from 10% to 15%.
Muscat-listed OQ Exploration & Production (OQEP) has signed four contracts worth more than USD 54 million with Omani companies and SMEs to support operations in its concession areas, the company said at the Oman Petroleum & Energy Show 2025.
Deloitte Ghana and Petroleum Commission have jointly held a webinar on ‘Understanding the Local Content Regime in the Upstream Oil and Gas Sector Ghana’.
The upstream petroleum sector has witnessed remarkable achievements in local content, nine years after the passage of L. I.
2204 and its implementation.