WINDHOEK: Obeth Kandjoze, who has served as the National Petroleum Corporation of Namibia (Namcor)’s manager for exploration and production for 15 years, has now been appointed that company’s Managing Director.
He replaces Sam Beukes, who was axed last year.
Beukes was called before a disciplinary inquiry following a forensic audit ordered by Cabinet into a multimillion-dollar petroleum supply contract with Glencore Energy, which found that Beukes and the entire former Namcor board had failed to do ‘a proper due diligence regarding the supply agreement’.
Government eventually paid N.dollars 538 million to Glencore when it terminated the supply contract.
Chairman of the Namcor Board of Directors, Johannes !Gawaxab announced during a media conference on Monday that Kandjoze will now be at the helm of the company, and has been appointed on a five-year renewable contract.
“I am, along with my fellow board members, delighted to have secured the services from one of our own long-serving and experienced staff members to serve at the helm of such a strategically important State-owned enterprise,” he stated.
In a brief interview with Nampa on Monday, Kandjoze could not hide his excitement at serving in his new position.
“It is an exciting moment for me. This means hard work, loyalty and trust always pay in terms of vision of going forward,” he said.
He further stated that he will execute and perform his duties with ‘humility and diligence’.
Kandjoze studied in Cape Town, South Africa and Helsinki, Finland in the field of geo-science. He graduated with a Bachelor of Science and Master of Science in Geology and Chemistry respectively.
His employment career started off with a stint as a field geologist at the Geological Survey of Namibia in the Ministry of Mines and Energy from June 1994 up until September 1995.
In October 1995, he joined an Australian gold exploration company based in Perth as its Namibia Country and Exploration Manager. Here he served until October 1997.
In November 1997, he joined Namcor as petroleum exploration geo-scientist and in his 15-year experience in the oil and gas business off the company, his career path has been one that has fully gained from the full value chain of the business, starting off as a technical professional to becoming a member of the company’s executive committee.
Gawaxab noted that Kandjoze rose through the ranks, first becoming the new venture manager and thereafter, exploration and production manager.
He also serves on the Government negotiating team and the National Energy Council.