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African Energy Week (AEW) 2024 Exhibition Offers Strategic Business to Business (B2B) Networking – Secure Your Pass Today

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African Energy Week

Featuring global brands from across the entire energy value chain, the African Energy Week: Invest in African Energy 2024 exhibition serves as a pivotal platform for B2B matchmaking

CAPE TOWN, South Africa, October 25, 2024/APO Group/ — 

With the African Energy Week (AEW): Invest in African Energy 2024 conference just two weeks away, global brands are preparing to exhibit at this year’s event. Recognizing the value of tailor-made branding experiences, the AEW: Invest in African Energy 2024 exhibition offers attendees strategic avenues for B2B networking and match making.  

The AEW: Invest in African Energy 2024 exhibition unites global brands under one roof. Over 63 companies will be showcasing their products, services and technological solutions. A central feature of the main conference, the exhibition aligns closely with the AEW: Invest in African Energy mission to make energy poverty history by 2030, serving as the platform of choice for engagement, partnerships and deal-signing. Secure your delegate pass or exclusive exhibition-only pass today!

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 http://www.AECWeek.com for more information about this exciting event.

Representing the world’s final frontier for oil and gas exploration, Africa’s upstream market is ripe with opportunity. Fossil fuels are anticipated to power 60% of the continent’s energy by 2040, highlighting a critical need to invest more heavily in exploration and production. Energy and hydrocarbon ministries from across the continent will exhibit at this year’s AEW: Invest in African Energy conference alongside state-owned energy corporations and regulators. Among others, exhibitors include:

  • Petroleum Directorate of Sierra Leone
  • Gabon’s Ministry of Petroleum
  • Angola’s National Oil, Gas & Biofuels Agency
  • National Energy Regulator of South Africa
  • The Uganda National Oil Company
  • Equatorial Guinea’s GEPetrol
  • Senegal’s Petrosen
  • La Société Nationale des Pétroles du Congo

Showcasing upstream solutions from high-impact drilling and exploration to data acquisition and geo-services, global upstream firms have joined the AEW: Invest in African Energy 2024 exhibition. Exhibitors include:

  • TotalEnergies
  • Platform Petroleum
  • SLB
  • TGS
  • Viridien
  • Shearwater, and more

By joining the event, you not only gain access to these technologies and solutions but have the chance to network with some of the biggest brands in the industry

Facilitating engagement across the global energy industry, associations play an instrumental part in driving collaboration worldwide. From promoting investment to supporting reforms to representing industry stakeholders, associations play an important part in protecting Africa’s energy interests. AEW: Invest in African Energy 2024 association exhibitors include:  

  • African Petroleum Producers Organization
  • Organization of Petroleum Exporting Countries
  • Nigerian Content Development and Monitoring Board
  • African Women Business Energy Network
  • Norwegian Energy Partners, and more

With African energy demand expected to increase two-fold by 2050, the need for strengthened processing and distribution solutions has become vital. An increase in upstream operations across the continent has seen growing demand for energy services and logistics support. At AEW: Invest in African Energy 2024, downstream, logistics and service providers will showcase their latest technologies. Exhibitors include:

  • Africa Global Logistics
  • Technip Energies
  • Kaeso Energy Services
  • Ratnamani Metals & Lubes
  • Enagol, and more

AEW: Invest in African Energy 2024 takes place under a mandate to make energy poverty history by 2030. At present, over 600 million people lack access to electricity in Africa, highlighting a need to expand regional power systems and generation capacity. Green energy stands to play a catalyzing role in bolstering power access and during the event, exhibitors will showcase their offerings and solutions. Exhibitors include:

  • Green Energy International
  • Rosatom
  • Nepal Energies, and more

Amidst growing energy demand, the demand for investment in Africa is also set to skyrocket in the coming years. Restricted capital expenditure worldwide – specifically for hydrocarbon projects – has led to innovative capital-raising methods in Africa. Financial, legal and market intelligence firms will showcase these solutions at AEW: Invest in African Energy 2024, while providing insights into regulations, market dynamics and opportunities. Exhibitors include:

  • Afreximbank
  • CLG
  • RichAfrica Consultancy
  • Wood Mackenzie
  • Rystad Energy, and more  

“The AEW: Invest in African Energy 2024 exhibition is not only a place where brands display their offerings, but a strategic avenue for companies and investors to do business and sign deals. Encompassing the entire African energy sector and its value chain, the exhibition highlights the best of what the industry has to offer. By joining the event, you not only gain access to these technologies and solutions but have the chance to network with some of the biggest brands in the industry,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

All-access conference delegates gain entrance to the full conference program as well as exhibition area, while the event’s newly-introduced exclusive exhibition-only pass offers a unique opportunity for delegates to access the highly-anticipated exhibition. These passes also provide entrance to the AEW: Invest in African Energy Technical Conference Sessions, taking place on the exhibition floor throughout the duration of the conference. Secure your pass today and be part of the biggest networking platform in the African energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

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Unite Oil & Gas Unveils Congo Growth Strategy at African Energy Week (AEW)

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Unite Oil & Gas and Aries Energies to sign a Memorandum of Understanding to expand cooperation within the Republic of Congo’s energy sector at AEW: Invest in African Energies

CAPE TOWN, South Africa, November 5, 2024/APO Group/ — 

Global integrated energy firm Unite Oil & Gas unveiled its growth strategy in Africa, with a specific focus on expanding its footprint in the Republic of Congo (RoC), in Cape Town on Monday.

During a Pre-Event Technical Workshop at African Energy Week (AEW): Invest in African Energies Yatche Luchin, CEO and President of Unite Oil & Gas said the firm is signing a Memorandum of Understanding (MoU) to establish a joint venture with RoC energy firm Aries Energies. 

The MoU will be signed this week at AEW: Invest in African Energies.

“The goal is to optimize the development of assets in the RoC. Nothing happens without cash hence we are working with the [RoC National Oil Company] SNPC and Aries Energies to unlock new financial strategies.”

The partnership will focus on acquiring stakes in existing permits

Loic Mackosso, General Manager of Aries Energies, added “The partnership will focus on acquiring stakes in existing permits. The government in the RoC encourages local firms to acquire stakes in assets in partnership with international firms.”

He said the aim is to leverage the financial strength and technical expertise of international companies to expand the growth of the RoC’s oil and gas industry.

The MoU will move Unite Oil & Gas closer to its goal of producing 25,000 barrels of oil equivalent per day by end of 2026 across West Africa, according to Luchin.

The company is working with SNPC on a series of drilling and investment campaigns as part of an energy services contract signed in April 2024.

“We helped SNPC drill two wells with one project already producing energy above expectations,” reiterated Luchin.

AEW: Invest in African Energies will host a press briefing organized by the RoC’s Ministry of Hydrocarbons and Energy Capital & Power for the launch of the inaugural Congo Energy & Investment Forum (CEIF). 

Distributed by APO Group on behalf of African Energy Chamber.

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Major Oil & Gas Farm-In Prospects Unveiled at African Farmout Forum

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The African Farmout Forum featured 16 companies presenting competitive farm-in opportunities across Africa’s oil and gas hotspots

CAPE TOWN, South Africa, November 5, 2024/APO Group/ — 

The African Farmout Forum – as part of the pre-conference workshops at African Energy Week: Invest in African Energies 2024 – featured 16 companies presenting competitive farm-in opportunities in Africa’s leading oil and gas hotspots.  

Led by global energy advisory Moyes, oil and gas asset deals platform Farmout Angel, and independent advisor Envoi, the forum serves as the premier platform for deal-making and pitching, enabling NOCs, small to medium-sized independents, and start-up energy companies to highlight their partnership and investment opportunities, while accelerating exploration and accessing project funding. 

PSAs 131, 190 and 206 – Somalia   

Liberty Petroleum Corporation is seeking a farm-in partner for PSAs 131, 190 and 206 offshore Somalia. These licenses contain exceptionally large mapped prospects, with an estimated 56 billion barrels of oil resources. Among these is the Leopard prospect, which alone is estimated to hold about 8 billion barrels of resources, highlighting new oil-prone opportunities offshore Somalia. 

Onshore PSCs – Timor-Leste  

Timor Resources is seeking a strategic investment of $20 million to fund three appraisal wells on two PSCs onshore Timor-Leste in exchange for equity in the project. The company has made three discoveries from its initial onshore wells, and the acreage is recognized as a significant conventional oil and gas play with substantial exploration upside. Timor-Leste offers a competitive fiscal regime, allowing 95% of revenue to be allocated to the operator for cost recovery, along with a 5% revenue royalty and additional benefits. 

Loukos Onshore License – Morocco  

Chariot Transitional Energy presented the Loukos Onshore license area in Northern Morocco, representing a near-term, low-risk and high reward appraisal opportunity. Operator Chariot has identified multiple drill-ready opportunities, which offer long-leads in existing inventory and rig availability in-country, along with competitive fiscal terms and license flexibility. These include the RJB-2 Re-Drill, OBA-1 Discovery Appraisal and Material Exploration opportunities.  

Offshore South West Tano Block – Ghana  

OSWT & EK Operating Company is seeking a partner to earn a significant working interest – and potentially operatorship – in the Offshore South West Tano block in Ghana. The block represents a multi-target, low-risk exploration well with tie-back or standalone development options, and lies between the Jubilee and TEN field developments and directly north of the Pecan field. Block prospectivity totals over two billion barrels in place spread across four prospects with a mix of exploration and appraisal targets. The first prospect set to be drilled – Edinam-1X – is scheduled for Q3 2025.  

OPL 332 – Nigeria  

Dajo Energy is seeking a co-developer to develop the Oil Prospecting License (OPL) 322 asset into production. Located offshore Nigeria, OPL 322 contains two major structures – Bobo and Aga thrust – with the Bobo field containing recoverable resources of 277 million barrels of oil and 1.2 trillion cubic feet (TCF) of gas. The Aga thrust is undrilled, but estimated to contain 885 million barrels and 2.5 TCF. The farm-in opportunity offers significant potential upside, with substantial gas resources with high commercialization potential, a possible five-year royalty holiday, and additional incentives under Nigeria’s new oil and gas fiscal and regulatory framework.  

Blocks 53, 53, 55, 71, 72 and 73 – Sierra Leone  

FA OIL is exploring partnerships for blocks 53, 53, 55, 71, 72 and 73, awarded under Sierra Leone’s fifth licensing round. The acreage spans more than 8,000 km², containing 14+ leads in water depths up to 4,000 m. Six out of 11 wells drilled have oil or gas shows or are discoveries. GeoPartners, in partnership with the Petroleum Directorate of Sierra Leone, are planning a new multi-client 3D seismic acquisition over the FA OIL acreage to help mature the leads identified on existing 2D seismic into drillable prospects. The campaign is set to begin July 2025.  

EG-18 and EG-31 – Equatorial Guinea   

Africa Oil Corp. is seeking to farm out interests in blocks EG-18 and EG-31, located offshore Equatorial Guinea. EG-18, positioned in a frontier exploration area within an emerging basin, includes the Jasper prospect – a “giant” target with multi-billion-barrel potential and proven play elements. In contrast, EG-31 offers an infrastructure-led, shallow water exploration opportunity in a mature basin, situated near the Alba field and Punta Europa LNG terminal. This low-risk, proven gas province boasts multi-TCF potential, comprehensive 3D seismic coverage and hosts the Massif and Whistler prospects. 

Deepwater Orange Basin – Namibia  

Namibia has attracted a wealth of major operators, resulting in substantial exploration and appraisal activity in 2023 and 2024. Following world-class hydrocarbon discoveries in 2022 by Shell and TotalEnergies, operators including Galp, Chevron and Woodside Energy have taken strategic positions in adjacent blocks, while non-operating partners such as QatarEnergy, Impact Oil & Gas, Africa Oil Corp. and Sintana Energy have made significant investments in the basin, creating additional farm-in opportunities. 

Marginal Field Development Program – Nigeria  

Decklar Resources and Millennium Oil and Gas Company are in discussions with potential investors and farm-in partners for the Oza field, located in the northern section of OML 22 onshore Nigeria. The license encompasses over 30 discovered oil fields, including producing fields operated by Shell, and benefits from well-established infrastructure with export pipeline access to the Trans Niger Pipeline, linking to the Bonny Offshore Terminal. Three wells previously drilled by Shell in the Oza field have collectively produced over one million barrels. 

Matanda Block – Cameroon  

Gaz du Cameroun (GDC) presented the Matanda block in Cameroon, an onshore gas farm-in opportunity with an established local market and fast-track monetization potential. The Matanda exploration block, located in the Douala Basin near the onshore Logbaba field, is recognized as a proven and active hydrocarbon system. Currently, GDC produces gas and condensate from the Logbaba field, transporting it via pipeline to industrial clients, including Dangote Cement. GDC is seeking an industry partner and is open to farming out up to a 37.5% interest in the PSC. 

Blocks 5 and 12 – São Tomé and Príncipe 

Oando Energy Resources is seeking a partner to advance its exploration commitments on Blocks 5 and 12 in the Exclusive Economic Zone of São Tomé and Príncipe. The country has seen recent licensing activity from Shell, Petrobras, TotalEnergies, Kosmos Energy and Galp. In phase one of its Block 12 work program, Oando has already completed 2,000 km² of 3D seismic and is now progressing into phase two, with plans to drill an exploration well in Q2 2025. 

Block KON6 – Angola  

Grupo Simples presented Block KON6, an onshore exploration opportunity in Angola’s Kwanza Basin. Spanning 1,042 km², KON6 is estimated to hold 382 million barrels of unrisked resources. Five wells have previously been drilled, with six leads evaluated in the first phase. Grupo Simples is targeting three primary leads – 1N, 1S, and 2 – and plans to launch additional seismic acquisition in January 2025, followed by the spudding of the first well in August 2025. The company seeks a partner to accelerate exploration and production activities, as well as diversify its risk.   

Licensing Opportunities – Democratic Republic of the Congo  

The Ministry of Hydrocarbons of the Democratic Republic of the Congo (DRC) has entered into direct negotiations on all of its acreage. This includes the Cuvette Central Basin, with four drilled wells and proven source rocks; the Lake Albert Graben, featuring multi-BCF discoveries in Uganda with an undrilled DRC side; Lake Tanganyika, supported by existing 2D seismic data; and the Coastal Basin, aligned with the Cabinda fields’ trend. In the Lake Albert acreage, the Ministry plans to reprocess existing data, acquire new 3D seismic on selected structures, and launch a restricted call for tenders in June 2025. 

Carbon Limits Nigeria  

Carbon Limits Nigeria (CLN) is seeking new upstream partners for emission reduction projects; investors targeting emission reduction projects to gain carbon credit exposure; and/or buyers of carbon credits generated from projects. Pan-African in focus, CLN provides solutions on clean energy utilization, climate change mitigation and carbon assessment of projects. The company currently has projects in Algeria, Egypt and Nigeria, where it is leading flare projects in OMLs 98, 56, 53 and 24.  

License SL2020A – Sierra Leone  

Innoson Oil and Gas is offering a significant equity position in exploration license SL2020A, located in deepwater acreage offshore Sierra Leone with existing discoveries. This area is underexplored and has geological similarities to the conjugate margin of Guyana. Innoson recently secured a four-year license extension and is seeking a farm-in partner to assist with 3D seismic interpretation to assess prospectivity and facilitate a drill-or-drop decision by March 2028. To date, five large leads have been mapped using 2D data, bringing the total to 16 leads, along with two wildcat wells drilled and three major discoveries: Venus, Mercury and Jupiter. 

Diender Permit – Senegal 

Africa Fortesa Corporation is seeking to farm out part of its interest in the Diender PSA Permit onshore Senegal, which boasts a scalable production base with significant transformational upside. This permit is part of the same play as the Sangomar field and has multiple TCF of recoverable gas potential, along with low exploration and production cost thresholds and strong local gas market demand. The planned work program includes drilling the Gadiaga field development well, followed by a three-well drilling program at NBW-1, AT-1PM and AT-2, as well as four appraisal wells. Africa Fortesa is looking for future funding for appraisal wells, field development and infrastructure partnerships for midstream and virtual pipelines. 

Distributed by APO Group on behalf of African Energy Chamber.

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Petrobras Pursues Strategic Oil & Gas Expansion in Southern Africa

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Brazil’s Petrobras provided an update on its acquisition offer for a stake in Galp’s Mopane Block in Namibia, along with potential opportunities in South Africa and Angola, during a pre-event workshop at African Energy Week 2024: Invest in African Energies

CAPE TOWN, South Africa, November 5, 2024/APO Group/ — 

Brazil’s national oil company (NOC), Petrobras, has confirmed it is actively exploring opportunities in South Africa, Namibia and Angola, and it is currently awaiting Galp’s decision on its offer to acquire a significant stake in the Mopane block offshore Namibia.

The announcement was made during a pre-conference workshop sponsored by Namibia Energy Corporation (NEC), leading up to the African Energy Week (AEW) 2024: Investing in African Energies conference. Petrobras is widely recognized for its success in the exploration and production of pre-salt oil reserves in the deep waters off the coast of Brazil, which hold close geological similarities to pre-salt areas in southern Africa. 

“As we increase production, we increase the need for reserves. Brazil has a strong correlation with Africa. We feel very comfortable to come back to Africa, and are looking at opportunities in South Africa, Namibia and Angola,” said Sylvia Maria Couto dos Anjos, Executive Officer for Exploration and Production at Petrobras.

The company’s technical expertise in pre-salt geology – particularly its ability to extract hydrocarbons from ultra-deep reservoirs beneath thick layers of salt – positions it as a strong contender to unlock frontier acreage in southern Africa. Geological similarities with Angola were highlighted during the workshop, as most of its hydrocarbon discoveries are offshore, with the majority of oil and gas resources located in deepwater reservoirs.

We feel very comfortable to come back to Africa, and are looking at opportunities in South Africa, Namibia and Angola

“Both Angola and Brazil have experience in developing deepwater reservoirs,” said Ricardo Van-Deste, CEO – Exploration and Production, Sonangol. “It is very important for us to bring Petrobras back to Angola. They left, but the door is still open.”

Petrobras’ deepwater technology, developed over years of working in the Campos and Santos Basins off the shores of Brazil, could also be a game-changer in unlocking South Africa’s offshore potential. These include TotalEnergies’ Luiperd and Brulpadda discoveries. Earlier this month, the Brazilian NOC announced it had secured approval to acquire a 10% stake in the Deep Water Orange Basin located off the west coast of South Africa.

“Those are challenging operations. With Petrobras’ experience and the technologies we have developed over time, this presents a valuable opportunity for us,” said Godfrey Moagi, CEO of the South African National Petroleum Company (SANPC).

In Namibia, Petrobras is currently evaluating entry opportunities as the country has produced a series of world-class discoveries. It is estimated to hold 100 billion barrels of oil equivalent in unrisked resources, with the Deep Water Orange Basin alone accounting for 30 billion barrels of oil equivalent.

“The potential of Namibia is incredible. We have a commitment to fulfill – I guarantee deals will come through,” said Dr. Marcio Rocha Mello, Founder & CEO of Namibia Energy Corporation.

Another key area for potential cooperation is the establishment of a Namibian center of excellence, aimed at enhancing technical capabilities and data analysis to deepen understanding of Namibia’s petroleum basins and de-risk prospects for future exploration.

“A center like that in Namibia would enable us to replicate the success of the Orange Basin in the Walvis and Lüderitz basins,” said Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of Mines and Energy. “We have blocks that are bigger than some African countries. With such a large volume of available opportunities, we need a diversity of players to fully harness that potential.”

Distributed by APO Group on behalf of African Energy Chamber.

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