Norwegian industrial giant Scana has announced its strategic expansion into Namibia, anticipating a significant increase in offshore drilling activities. This move is marked by the establishment of Scana’s subsidiary, PSW Technology, a leading service provider to the global drilling industry.
PSW Technology, renowned for its expertise in riser maintenance, capping stack services, and other crucial offshore operations, is positioning itself to meet the burgeoning demand in the region. The decision to enter the Namibian market comes as the country witnesses a surge in exploration and appraisal campaigns led by major industry players such as TotalEnergies, Shell, Galp, and ReconAfrica. Additionally, several new entrants have joined the Namibian oil and gas sector in recent months, further driving the need for specialized services.
“This strategic establishment is important for meeting our customers’ demand to deliver our high-quality services worldwide, especially offshore Namibia,” stated Richard Cornell, Managing Director of PSW Technology. “Our presence in Namibia will enable us to support ongoing and future projects, ensuring the highest standards of safety and efficiency.”
Namibia’s offshore oil and gas industry has been gaining momentum, with significant investments being poured into exploration and development. The country’s favorable regulatory environment and untapped hydrocarbon potential have attracted numerous international companies, positioning Namibia as a promising frontier in the global energy market.
Scana’s entry into Namibia is expected to bring advanced technological solutions and robust industry expertise, contributing to the overall growth and development of the country’s oil and gas sector. With PSW Technology’s proven track record and commitment to excellence, Scana is well-equipped to play a pivotal role in Namibia’s offshore industry.
As Namibia continues to emerge as a key player in the global energy landscape, the presence of established companies like Scana underscores the country’s potential to become a major hub for oil and gas operations in the southern African region.
Source: Energy Capital & Power
