The Petroleum Training and Education Fund (Petrofund) was established in 1993. It is regulated by the Petroleum Exploration and Production Act of 1993.
It is managed by a group of independent trustees drawn from the Ministry of Mines and Energy, the national oil company, the Ministry of Education, and petroleum exploration companies. The Trust Fund is chaired by the Permanent Secretary in the Ministry of Mines and Energy.
The broad aim of the Petrofund is to build capacity for the oil and gas industry in Namibia by offering academic scholarships in skills that are related to the oil and gas industry to outstanding Namibians with leadership potential, in order to ensure that the country has the necessary skills to sustain the operations of the industry in the event of a major hydro carbon discovery.
The scholarships are for full-time master's degrees at reputable universities in Namibia, the SADC region, and the United Kingdom for courses not available in country. To date, the Trust Fund has trained more than 261 students, mainly in engineering and geosciences. Graduates are required to work in Namibia upon completion of their studies.
Chevening and Petrofund
Petrofund and Chevening have a shared vision of offering academic opportunities to outstanding individuals to enable them to realise their full potential.
Who do Petrofund support?
Petrofund co-fund two scholarlars to study an oil and gas related course at any university.