McDermott and PETROFUND Collaborate to Enhance Namibia's Oil and Gas Workforce

What's Happening?

McDermott has entered into a Memorandum of Understanding (MoU) with the Petroleum Training and Education Fund (PETROFUND) to bolster technical training and workforce development in Namibia's burgeoning oil and gas sector. This partnership aims to align academic and industrial training with international standards, providing Namibian students, job seekers, and service providers with access to education, mentorship, and employment opportunities. The initiative is designed to enhance local capacity in technical disciplines such as engineering, fabrication, operations, and project management, thereby supporting the development of Namibia's offshore energy resources. Mahesh Swaminathan, McDermott's Senior Vice President of Subsea and Floating Facilities, emphasized the company's commitment to developing local content and building a sustainable workforce in Namibia. Nillian Mulemi, CEO of PETROFUND, highlighted the importance of partnerships with international service companies in promoting the exchange of global best practices and technical expertise.

Why It's Important?

This collaboration is significant as it supports Namibia's broader local content and economic development goals, ensuring that national talent is central to the country's emerging offshore oil and gas industry. By investing in the next generation of Namibian talent, the initiative prepares them to lead future projects, positioning Namibia as a key player in Africa's energy landscape. The partnership also facilitates the exchange of global best practices, which is crucial for equipping Namibians to participate actively across the upstream value chain. As Namibia becomes one of Africa's most promising new exploration frontiers, following several high-profile offshore discoveries, this development is poised to have a substantial impact on the country's economy and workforce.

What's Next?

The MoU between McDermott and PETROFUND is expected to lead to the implementation of training programs and initiatives that will further develop Namibia's oil and gas workforce. As the country continues to explore and develop its offshore resources, the demand for skilled professionals in the sector is likely to increase. This partnership may also encourage other international companies to invest in similar initiatives, further enhancing the capacity and capabilities of Namibia's workforce. The success of this collaboration could serve as a model for other countries in the region looking to develop their own energy sectors.