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New Greater Tortue Ahmeyim Milestone Achieved with Floating Production, Storage and Offloading Sail Away

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Tortue Ahmeyim

With the departure of the Floating Production, Storage and Offloading vessel from China, the MSGBC’s first hydrocarbon production is officially drawing near, opening up new opportunities for broader economic growth

NOUAKCHOTT, Mauritania, January 24, 2023/APO Group/ — 

Project partners bp and Technip Energy have announced that the Floating Production, Storage and Offloading (FPSO) vessel has officially left China, heading towards the Greater Tortue Ahmeyim (GTA) development on the maritime border of Senegal and Mauritania.

The MSGBC region’s first hydrocarbon production is officially in sight, signaling new opportunities for widespread economic growth on the back of energy security and industrialization.

Sailing Towards First Gas, Improved Security

On January 20, the FPSO vessel officially left China, bound for Senegal and Mauritania via Singapore. It’s departure from China follows three years of construction and successful sea trials, with the facility – comprising eight processing and production modules and measuring 270m in length, 54m in width and 31.5m in depth – set to accommodate 140 people onboard while processing gas for the GTA’s associated Floating Liquefied Natural Gas (LNG) facility.

Representing a critical part of the wider GTA development, the FPSO vessel (https://bit.ly/3XTSvvT) will enable the processing of up to 500 million standard cubic feet of gas, as well as the production of 2.3 million tons of LNG per annum (mtpa) as part of the GTA’s first phase of development. In its second phase, this figure will increase twofold, with up to 10 mtpa set to be produced. 

Speaking to the achievement, Gordon Birrell, Executive Vice President of Production and Operations of bp, stated (http://bit.ly/3Hs4JGA) that, “This is a fantastic milestone for this important project, which is a great example of bp’s resilient hydrocarbon strategy in action. The team has delivered this in a challenging environment, including through COVID, always keeping safe operations at the heart of what they do. With the continued support of our partners, Societé Mauritanienne des Hydrocarbures (SMHPM) in Mauritania, Petrosen in Senegal and Kosmos Energy, we remain committed to helping both countries to develop their world-class resources in a sustainable way.”

What Does First Production Mean for the MSGBC Region?

This is a fantastic milestone for this important project, which is a great example of bp’s resilient hydrocarbon strategy in action

Jointly developed by operator bp; Kosmos Energy; Mauritania’s Ministry of Petroleum, Energy and Mines; Senegal’s Ministry of Petroleum and Energies; as well as Mauritania’s National Oil Company (NOC) SMHPM and Senegal’s NOC Petrosen, with Technip Energies (http://bit.ly/3XUHM4w) having been awarded the Engineering, Procurement, Construction, Installation and Commissioning contract, the GTA – as the largest hydrocarbon development underway in the region – is on track for first production by Q3 this year with the departure of the FPSO vessel. The project itself is set to transform the regional energy space by introducing a long-term and viable supply of natural gas, thereby opening up opportunities for power generation, industrialization and revenue generation via exports. Up to 15 trillion cubic feet (tcf) of recoverable reserves will be maximized at a time when global stakeholders are looking at capitalizing on African gas resources.

However, the celebration of first gas does more than demonstrate the resilience of the respective governments to monetize offshore gas resources. Quickly following the start of the GTA, Senegal’s pioneer oil development, the 100,000 barrel per day Sangomar Project, is also set to see first production, further solidifying the commitment of both the energy majors involved and regional governments. In early December 2022, project developer Woodside Energy announced that the FPSO vessel has completed construction for the Sangomar Phase 1 Field Development, with production now on track for late-2023.

With these developments, a new era of energy security is in sight for the region at a time when global markets are in a constant state of volatility. For Africa, first production at the GTA and Sangomar will kickstart industrialization and electrification, triggering opportunities across multiple sectors of the economy. For the global energy sector, a new supply of oil and gas will be on the market, enabling the transition away from Russian dependency and advancements in stability.

What’s more, the success of both GTA and Sangomar are set to create a ripple effect of project takeoffs across the region, with project developers hoping to mirror the success of these pioneering projects. Notably, GTA’s neighboring development, the 13 tcf Mauritania -based BirAllah project – representing the largest deepwater gas discovery of 2019 – has long been slated as a follow up to the GTA project itself. Following first production from the GTA, interest is expected to turn to BirAllah, with project developers looking towards a final investment decision (FID). Similarly, the bp-Kosmos partnership has earmarked this year for the securing of the FID of Senegal’s 20 tcf Yakaar-Teranga project (http://bit.ly/3XB54fK), a promising new development located in the Cayer Profond Block to the south of the GTA.

As such, the success of first hydrocarbon production will trigger growth across the entire energy industry and wider economy, with details of these benefits set to be unpacked during the 2023 edition of the MSGBC Oil, Gas & Power Conference and Exhibition (http://bit.ly/3kcOx2O) – taking place from November 21-22 in Mauritania.

During the 2022 edition, project developer Kosmos Energy delivered an update on the GTA project, and now, during the 2023 edition in November, relevant parties will not only celebrate first production but discuss what happens next as well as the progress of other developments. 2023 is set to be the year of first hydrocarbon production for the MSGBC region, but 2024, the start of a new era of multi-project takeoff.

Distributed by APO Group on behalf of Energy Capital & Power.

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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