{"id":20188,"date":"2024-07-09T13:04:50","date_gmt":"2024-07-09T13:04:50","guid":{"rendered":"https:\/\/sotnews.agency\/?p=20188"},"modified":"2024-07-09T13:04:50","modified_gmt":"2024-07-09T13:04:50","slug":"african-energy-week-aew-2024-to-host-country-spotlights-on-namibia-nigeria-republic-of-congo-roc-mozambique-and-more","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=20188","title":{"rendered":"African Energy Week (AEW) 2024 to Host Country Spotlights on Namibia, Nigeria, Republic of Congo (ROC), Mozambique and More"},"content":{"rendered":"
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The upcoming African Energy Week (AEW): Invest in African Energy conference \u2013 Africa\u2019s premier event for the energy sector, taking place this November in Cape Town \u2013 will host a series of country-specific spotlights, showcasing investment opportunities across Africa\u2019s leading energy markets.<\/p>\n

Spotlight sessions will highlight projects seeking investment, licensing rounds, planned drilling campaigns and other opportunities for private sector participation. Invest in Nigeria Energies<\/em> will present lucrative opportunities in Nigeria\u2019s oil and gas market, which has seen several key developments in recent months. The Nigerian Upstream Petroleum Regulatory Commission recently launched its 2024 licensing round, featuring 12 blocks on offer. Majors like Shell have announced plans to invest $1 billion in Nigerian gas projects over the next decade, while Chevron has launched a $1.4 billion infill drilling program. In the gas sector, Nigeria is aiming to produce 5.5 billion cubic feet per day by 2030 and enhance energy security by exploiting its 200 trillion cubic feet of gas reserves, on the back of the country\u2019s flagship Decade of Gas <\/em>initiative.<\/p>\n

In Namibia, a series of offshore oil discoveries \u2013 including Shell\u2019s Enigma-1X, Graff-1X, La Rona, Jonker-1X and Lesedi-1X; Galp\u2019s Mopane-1X and Mopane-2X; and TotalEnergies\u2019 Venus-1X and Mangetti-1X \u2013 have positioned the country as a global exploration hotspot. New exploration licenses for on- and offshore blocks awarded as part of the country\u2019s latest open-door licensing system present further opportunities for both major and independent explorers. Namibia also ranks as one of Africa\u2019s top green hydrogen markets \u2013 home to Hyphen Hydrogen Energy\u2019s $10 billion Tsau-Khaeb development \u2013 with the Invest in Namibia Energies <\/em>session set to showcase the country\u2019s diversified energy agenda.\u00a0<\/p>\n

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The Invest in MSGBC Energies <\/em>spotlight will delve into the MSGBC region\u2019s energy boom, highlighting first gas production from the Greater Tortue Ahmeyim LNG project in Senegal and Mauritania, as well as first oil production at Senegal\u2019s Sangomar Oil Development. Upcoming projects like the Yakaar-Teranga Hub in Senegal and the Orca and Banda gas fields in Mauritania continue regional industry expansion, while frontier exploration in The Gambia, Guinea-Conakry and Guinea-Bissau points to new oil and gas prospects. In the renewable energy space, Mauritania is also piloting green hydrogen with Chariot\u2019s 10 GW Project Nour, CWP Global\u2019s Aman and AMEA Power\u2019s green hydrogen facilities.<\/p>\n

Invest in the Republic of Congo Energies<\/em> will explore the Congo\u2019s ongoing efforts to maximize its oil production through historic levels of upstream investment. TotalEnergies has announced a $600-million plan to increase production at the Moho Nord field by 40,000 barrels per day in the next three years. Meanwhile, the Republic of Congo is spearheading gas exploration and monetization through a new Gas Master Plan and gas code, supported by Eni\u2019s Congo LNG project \u2013 set to transform the country into a major LNG exporter \u2013 and Wing Wah\u2019s Banga Kayo project, further enhancing the country\u2019s gas market prospects.<\/p>\n

The Invest in Algeria Energies<\/em> session will showcase Algeria\u2019s efforts to boost its gas reserves, production and exports to Europe, while establishing itself as a leading green hydrogen market. Last April, Algerian NOC Sonatrach signed an agreement with TotalEnergies to develop gas resources in the North-East Timimoun region, while the country is expanding its TFTII oil and gas pipeline to increase gas exports to Europe. Algeria is also evaluating prospects to develop and export green hydrogen to Europe through cooperation with private and public sector entities from Chile and Germany.<\/p>\n

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As one of Africa\u2019s largest oil producers, Angola is undertaking a series of projects to maintain oil production above 1.1 million bpd through 2027. International energy firm Azule Energy is progressing in the expansion of its Ndungu oil field with the award of an $850-million energy services contract to Saipem last month. The launch of Angola\u2019s 2025 limited public tender, featuring up to 10 offshore blocks in the Kwanza and Benguela basins, also remains highly anticipated. In the downstream sector, NOC Sonangol is expanding the country\u2019s refinery capacity with various new refineries underway in Soyo, Lobito and Cabinda. The Invest in Angola Energies<\/em> session functions as a platform to connect global investors with Angola\u2019s untapped oil and gas opportunities.<\/p>\n

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In Equatorial Guinea, NOC GEPetrol recently initiated several E&P partnerships to unlock new opportunities within the country\u2019s upstream sector, including a $350-million contract with energy services firm Petrofac and a deal with Panoro Energy concluding the terms for offshore Block EG-23. A drilling campaign has been launched by Trident Energy in the Ceiba and Okume fields in Block G since last November and has the potential to unlock additional hydrocarbon production, which will be unpacked at Invest in Equatorial Guinea Energies. <\/em><\/p>\n

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Libya\u2019s National Oil Company plans to launch a licensing round by early-2025 as part of its strategy to boost oil production to 2 million bpd. The country has already increased production by 5.4% as of March 2024, surpassing Nigeria as Africa\u2019s largest crude oil producer. A series of recent exploration agreements with international players including Sonatrach, Eni, bp, Equinor, Oil India and Repsol have restored confidence and catalyzed new activity within the gas and oil sector, with Invest in Libya Energies<\/em> set to connect investors with emerging prospects.<\/p>\n

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In Mozambique, the launch of the country\u2019s seventh licensing round in 2025 \u2013 alongside major projects such as TotalEnergies\u2019 $10-billion Mozambique LNG facility, ExxonMobil\u2019s Rovuma LNG facility and the expansion of Eni\u2019s Coral South projects \u2013 present new opportunities for partnership and investment, to be explored at the Invest in Mozambique Energies<\/em> spotlight. The award of six exploration blocks in the Angoche and Mozambique basins to China\u2019s CNOOC and a consortium of Eni and Mozambican national oil company ENH \u2013 as part of the sixth licensing round in 2023 \u2013 highlights growing interest by international firms in the country\u2019s oil and gas prospects.<\/p>\n

Lastly, Ghana is undertaking over 17 new oil and gas projects through 2027, aiming for universal energy access by 2030 on the back of expanded hydrocarbon production. Invest in Ghana Energies<\/em> represents the premier platform for investors to access opportunities within one of Africa\u2019s most mature markets. Key projects include Aker Energy\u2019s Pecan Phase 1A, Ghana National Gas Company\u2019s Atuabo II Gas Processing Plant, Helios Investment\u2019s Tema Floating LNG Plant and the Bulk Oil Storage and Transportation Company\u2019s Tema-Akosombo II Pipeline.<\/p>\n

\u201cAttracting new investors, partners and technologies is crucial for Africa to maximize the development and exploitation of its energy resources. The country spotlights at AEW 2024 will connect Africa\u2019s most dynamic markets with global investors, developers and decision-makers and foster strategic collaborations to drive the continent\u2019s energy growth,\u201d stated NJ Ayuk, Executive Chairman of the African Energy Chamber.<\/p>\n

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit\u00a0<\/em>www.AECWeek.com<\/em><\/a>\u00a0for more information about this exciting event.<\/em><\/p>\n

Distributed by APO Group on behalf of African Energy Chamber.<\/p>

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