At the Congo Energy & Investment Forum, industry leaders will discuss key projects driving the Republic of Congo’s efforts to double its oil production by 2025, led by new exploration and production initiatives from TotalEnergies, Trident Energy and Perenco

BRAZZAVILLE, Republic of the Congo, January 21, 2025/APO Group/ — 

The Republic of Congo is gearing up for a significant increase in its oil output over the next three years, driven by a series of landmark projects spearheaded by industry giants including TotalEnergies, Trident Energy and Perenco. With an ambitious goal of doubling oil production to 500,000 barrels per day by 2025, the country is focusing on expanding production in both new and mature fields. This strategic drive positions the Republic of Congo as one of the most promising oil producers in Central Africa, looking to harness untapped reserves and maximize the potential of existing assets.

At the upcoming Congo Energy & Investment Forum (CEIF), a dedicated session on Driving Oil Output will provide an in-depth look at the Republic of Congo’s efforts to sustainably increase its oil production. The session will highlight crucial developments across the country’s energy sector, with discussions centered on the contributions of major players, including TotalEnergies’ $600 million investment in the Moho Nord field, which is expected to add 40,000 barrels per day (bpd) to national production. Delegates will also hear from industry leaders about Trident Energy’s recent entry into the Nkossa, Nsoko II, Lianzi and Moho-Bilondo fields, which is expected to boost Trident’s global production by about 30,000 bpd and reinforce Congo’s growing role in the global oil market.

In addition to these new projects, the Republic of Congo is seeing revitalization efforts in its mature fields, such as Tchibouela II and Tchendo II, operated by Perenco. These fields are undergoing extensive upgrades, including new drilling and seismic assessments, aimed at increasing their output and extending their lifespan. Perenco, which confirmed a production rate of 80,000 bpd in October 2024 following a $30 million investment, is set to reach 100,000 bpd in 2025 through additional investments and advanced techniques to revitalize aging wells and access previously untapped reserves.

The Driving Oil Output session will address the broader strategic importance of these developments for the Republic of Congo’s energy ambitions, particularly in terms of regional cooperation and energy security. With new fields coming online and mature assets benefiting from advanced technology and expertise, the country is positioning itself as a key energy player in Central Africa. The session at CEIF will provide stakeholders with valuable insights into how these projects are helping the Republic of Congo meet its production goals while fostering economic growth and diversification in the energy sector.

By highlighting the country’s potential to increase oil production sustainably and strategically, CEIF 2025 will underscore the Republic of Congo’s growing role within Africa’s dynamic energy market. Participants will learn firsthand how collaboration between local and international stakeholders is essential to unlocking the full potential of these landmark oil and gas projects, which are set to transform the national energy landscape.

The inaugural Congo Economic and Investment Forum, set for March 24-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

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

This move provides an additional layer of resiliency for MainOne’s enterprise customers, ensuring uninterrupted service to support their growing business online at no additional cost

LAGOS, Nigeria, January 21, 2025/APO Group/ — 

MainOne (www.MainOne.net), a leading provider of connectivity and data center services for businesses in West Africa, is excited to announce an additional layer of service to its customer through the Equiano submarine cable. This move provides an additional layer of resiliency for MainOne’s enterprise customers, ensuring uninterrupted service to support their growing business online at no additional cost.

Our customers can remain focused on the core of their business operations, not on the intricacies of managing multiple networks, fail-overs or resilience

Over the past decade, MainOne has enabled the digital transformation journey of these businesses with its pioneering services to operate digital-first business models whereby uninterrupted connectivity is paramount. Recognizing the challenges its customers face in ensuring business continuity amidst network disruptions such as the submarine cut earlier this year, MainOne has taken proactive steps to fortify its network. By incorporating capacity on the Equiano submarine cable into its network, MainOne is offering customers an additional level of redundancy to ensuring more reliable connectivity at all times.

’’We understand the technical complexities and cost associated with building and managing redundant network infrastructure,” noted Oluwasayo Oshadami, Director, Solutions Architect at MainOne, Solutions by Equinix. “Our customers can remain focused on the core of their business operations, not on the intricacies of managing multiple networks, fail-overs or resilience. With the integration of Equiano, we are simplifying and eliminating the stress of managing multiple cable connections for our end users. Hence, we give them the peace of mind they deserve.”

Enterprises can be confident that their network is supported by world-class infrastructure that is continuously monitored and maintained by a team of experts. MainOne’s proactive approach in enhancing its network resilience underscores its position as a trusted partner for businesses across West Africa. The integration of Equiano into its network is a testament to this commitment and reinforces the company’s position as a trusted partner for businesses in Nigeria.

Distributed by APO Group on behalf of MainOne, Solutions by Equinix.

About MainOne, Solutions by Equinix:
MainOne, Solutions by Equinix, is West Africa’s leading connectivity and managed services provider, delivering innovative services that empower the digital transformation of West Africa and beyond. As an Equinix Company, MainOne is committed to accelerating the growth of digital economies by providing top-tier data center services on Platform Equinix, network connectivity solutions throughout the West African region, and cloud services. The organization’s objectives align with the overarching goal of enhancing internet accessibility, reliability, and affordability for businesses and individuals.

Learn more at: www.MainOne.net

Minister of Economy and Trade Mohamed Al-Hwej outlined Libya’s strategy for energy expansion and economic diversification at the Libya Energy & Economic Summit

TRIPOLI, Libya, January 20, 2025/APO Group/ — 

Libya’s economic growth and energy potential took center stage at the Libya Energy & Economic Summit (LEES) in Tripoli on January 19, as Libya’s Minister of Economy and Trade Mohamed Al-Hwej outlined the country’s goals for energy expansion and economic diversification. 

“There is no economy without energy, and this platform represents a strategy for growth,” said Minister Al-Hwej. He outlined Libya’s untapped hydrocarbon reserves and solar energy potential, reaffirming the country’s commitment to increasing crude oil production to two million barrels per day, while also focusing on downstream development and diversification. “Libya is ready not only to produce crude oil, but also to develop chemical and petroleum products. We aim to be a strategic hub, connecting Europe and Africa,” he added. 

Libya is ready not only to produce crude oil, but also to develop chemical and petroleum products

Following the keynote, a panel discussion on investment strategies, sponsored by Zahaf & Partners Law Firm, explored political stability, regulatory frameworks and incentives to attract investment to Libya’s energy sector. Moderated by Michel Cousins, Editor-in-Chief of Libya Energy, the session underscored Libya’s competitive advantages. 

Echoing the Minister’s remarks, Nicolas Pringault, Vice President and Country Manager for Libya and Algeria at Harbour Energy, emphasized Libya’s robust reserves. “Libya has the highest reserves in Africa, with 48 billion barrels of oil and 1.3 trillion cubic feet of gas. This is very encouraging for IOCs looking to explore,” Pringault noted. 

Despite its abundant natural resources, Dr. Ahmed Ali Attiga, Banker and Senior Advisor – Private Equity, and former CEO of the Arab Petroleum Investments Corporation, identified political division as a persistent barrier to investment. “Stability is essential, but it does not align with a divided country. This is the challenge Libya faces. Investors will come, and money will flow, but first, Libya must put its house in order,” Attiga remarked. 

Azza Maghur, Senior Strategy Advisor at Murzuq Oil Services, cautioned against changes to Libya’s existing legal framework, which she believes is critical to maintaining investor confidence. “Given the situation today, we should stick to the laws we have to maintain stability. The protection we have through arbitration is crucial – I strongly recommend we do not change the legal framework for now, as it ensures investor confidence.” 

Closing the discussion, Mohamed Dikna, Senior Consultant at Zahaf & Partners Law Firm, underscored that Libya (https://apo-opa.co/4g317ZL) already offers strong legal protections to investors. “If you have incentives and invest significant capital, but political unrest occurs, your investment becomes meaningless. However, Libya’s investment laws, including the Value-Added Incentive Tax at 26%, provide strong protection,” said Dikna. 

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