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Africa Oil Corp Joins African Energy Week (AEW) 2024 as Silver Sponsor, Reinforcing Strategic Expansion in African Energy

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Africa Oil Corp

African Energy Week: Invest in African Energy 2024 – scheduled for November 4-8 – will convene key experts, stakeholders and African leaders to advance and expand Africa’s energy landscape

CAPE TOWN, South Africa, July 22, 2024/APO Group/ — 

Canadian oil and gas exploration company Africa Oil Corp expanded its stake in Block 3B/4B offshore South Africa earlier this year. The acquisition aligns with the company’s commitment to strengthen its presence across strategic basins in Africa. Building on this momentum, Africa Oil Corp has joined the African Energy Week (AEW): Invest in African Energy 2024 conference –  taking place in Cape Town from November 4-8 – as a silver sponsor. The company’s return to the event reflects its dedication to cultivating collaboration and driving innovation across the African energy sector.

AEW: Invest in African Energy stands as the premier platform for project operators, financiers, technology providers, and governments, recognized as the definitive venue for sealing deals in African energy. For more information about this pivotal event, visit www.AECWeek.com.

The company’s decision to increase its stakes in Block 3B/4B follows indications of substantial hydrocarbon reserves in South Africa’s Orange Basin, with potential discoveries estimated at up to four billion barrels of oil equivalent across 24 prospects. These hydrocarbon reserves are significant for South Africa as the nation seeks to enhance energy security and diversify its energy portfolio.

Africa Oil Corp’s exploration and development activities ranging from Nigeria’s mature market to Namibia’s frontier basins are indicative of its strategic agility and commitment

Adjacent to its South African operations, the company also holds indirect interests in neighboring Blocks 2912 and 2913B in Namibia through a 31.1% shareholding in Impact Oil & Gas Limited. These blocks, operated by French multinational corporation TotalEnergies alongside QatarEnergy and state-owned NAMCOR, feature the Venus light oil and associated gas field. The Venus-1X discovery in 2022 confirmed a high-quality light oil-bearing reservoir, with subsequent appraisal wells further de-risking the field and supporting its development. Africa Oil Corp’s strategic farm-down agreement with TotalEnergies in January 2024 ensures continued involvement in the Venus development project as well as exploration and appraisal program on Blocks 2913B and 2912 will continue, underscoring its commitment to advancing opportunities in the region.

In West Africa, the company signed two production sharing contracts with Equatorial Guinea’s Ministry of Mines and Hydrocarbons last year to increase its activities in Blocks EG-18 and EG-31, offshore Equatorial Guinea. The company owns an 80% interest in each block alongside national oil company GEPetrol which owns 20%. Block EG-31 is in close proximity to existing developments such as the Alba gas field and the onshore Punta Europa LNG gas terminal, indicating infrastructure support and strategic positioning for leveraging discoveries of potential hydrocarbon finds. While in Block EG-18, the company has found a large Cretaceous-age basin floor fan potential, similar to those found in Namibia and South Africa and intends to continue investigating it.

Meanwhile, Africa Oil Corp holds a 50% equity interest in Prime Oil & Gas Coöperatief U.A. (Prime) which operates in Nigeria’s deepwater Niger Delta Basin. Prime has assets in three fields – namely, the Akpo, Egina, and Preowei. The Akpo West tie-back project commenced operations in early 2024, contributing an additional 14,000 barrels per day of condensate production. Development of the Akpo field commenced in 2005, with a total of 44 wells planned, including 22 for production, 20 for water injection and two for gas injection, with first production achieved in March 2009. The Egina field, 150 km off the coast of Nigeria in the Gulf of Guinea, has 150 km of water depths.

“Africa Oil Corp’s exploration and development activities ranging from Nigeria’s mature market to Namibia’s frontier basins are indicative of its strategic agility and commitment to pioneering new frontiers in the continent’s energy landscape. By leveraging its expertise across diverse environments, the company is dedicated to unlocking the full potential of Africa’s hydrocarbon resources, enabling sustainable growth and energy security across the continent,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

During AEW: Invest in African Energy, Africa Oil Corp will outline its strategic investments and projects across the African nations in which it operates. The company’s participation at AEW: Invest in African Energy 2024 as a silver sponsor highlights its strategic commitment to strengthening partnerships, driving technological advancements and contributing to the sustainable development of Africa’s energy resources.

Distributed by APO Group on behalf of African Energy Chamber.

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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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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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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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