McDermott and Namibia's Petroleum Training and Education Fund (PETROFUND) jointly announce the signing of a Memorandum of Understanding (MoU) to collaborate on academic and industrial training initiatives in Namibia's upstream oil and gas sector.

The collaboration will align with international standards to provide Namibian students, job seekers and service providers access to training, mentorship and employment opportunities. The upskilling and knowledge transfer aspect of the agreement is designed to equip the local workforce with the skills needed for technical roles such as engineering, fabrication, operations and project management to unlock the country's offshore energy potential.

"This MoU furthers our commitment to developing local content and building a sustainable oil and gas workforce in Namibia," said Mahesh Swaminathan, McDermott's Senior Vice President, Subsea and Floating Facilities. "By investing in the next generation of Namibian talent, we help prepare them to lead future projects as Namibia emerges as a key player in Africa's energy landscape."

"Our partnership with McDermott supports PETROFUND's mandate to build the capacity of Namibia's workforce and service providers to participate in the emerging opportunities within the country's upstream oil and gas industry," said Nillian Mulemi, PETROFUND Chief Executive Officer. "Capacity-building collaborations with international service companies promote the exchange of global best practices and technical expertise with local talent, thereby positioning Namibia's workforce and service providers to play active roles across the full value chain of the upstream industry, while driving and sustaining economic growth in the country."

This initiative supports both the growth of Namibia's oil and gas industry and its broader economic development goals, ensuring Namibians are well-positioned to participate in and benefit from progress across the energy value chain.