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Guinea-Conakry Emerges as West Africa’s Next Oil & Gas Frontier

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Energy Capital

Under the leadership of national oil company SONAP, Guinea-Conakry is positioning itself as the next frontier in West Africa’s oil and gas sector, with new blocks and investment reforms underway

DAKAR, Senegal, October 28, 2025/APO Group/ –Guinea-Conakry, long known as one of the world’s leading bauxite exporters with nearly 100 million tons shipped in the first half of 2025, is now positioning itself as an emerging player in West Africa’s oil and gas sector. Geologically, the country lies within the MSGBC basin (Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea-Conakry), a frontier region attracting growing attention for its hydrocarbon potential.

Neighboring Senegal and Mauritania have already achieved significant milestones: Senegal produced its first oil in June 2024 from Woodside’s Sangomar field, while both countries began gas production in late 2024 from bp and Kosmos Energy’s Greater Tortue Ahmeyim field. As the region establishes itself as a strategic energy frontier, Guinea-Conakry is advancing its regulatory framework, seismic studies and investor outreach to capitalize on this momentum.

Geological Potential for Hydrocarbon Reserves

Guinea-Conakry shares a geological history with Guyana and Suriname, situated along the Atlantic Equatorial margin. Its Cretaceous formations, marine source rocks, structural traps and sedimentary basins mirror those that enabled Guyana and Suriname to become prolific oil-producing regions, with more than 10 billion barrels discovered to date. Furthermore, the country has amassed a portfolio of 2D and 3D seismic data covering 17,000 km², alongside historical borehole data – resources comparable to those that underpinned early exploration in Guyana and Suriname.

SONAP’s Role in the Emerging Sector

Guinea-Conakry’s national oil company, SONAP (Société Nationale des Pétroles de Guinée), established in 2021, is central to the country’s oil and gas ambitions. Under the leadership of Director General Dr. Lanciné Condé, SONAP has strengthened its technical capabilities with advanced field equipment, including topographic, gas detection and mapping tools, enabling more effective assessment of onshore and offshore acreage.

SONAP has also established its first national seismic data visualization center, in collaboration with SLB and TGS. The center holds approximately 15,000 km² of 3D seismic data and 45,000 km² of 2D data, providing investors with a valuable foundation for exploration.

Early exploration results are encouraging. Wells such as GU-2B-1 and Sabu-1 have confirmed a working petroleum system in the Upper Cretaceous formations, with evidence of mature source rocks, quality reservoirs and hydrocarbon shows. While previous deepwater drilling at Fatala-1 did not yield commercial production, geological analogies with proven Atlantic Equatorial Margin basins and promising structures continue to attract investor interest.

Enhancing Investment Appeal

SONAP has undertaken reforms aimed at positioning Guinea-Conakry as a competitive oil and gas destination. A national petroleum cadastre has been established, and 22 blocks have been identified for a potential bidding round. In April 2025, SONAP launched two tenders: one for the development of a storage and product management platform, and another to achieve the ISO 9001 and ISO 45001 certifications in quality and safety. These initiatives signal a commitment to transparency, operational efficiency and investor-friendly governance.

For investors, Guinea-Conakry now offers reduced exploration risk, with high-quality seismic and geological data lowering upfront costs and uncertainty. Early participants in the licensing round can secure favorable terms ahead of increased competition.

Looking ahead, these developments will be highlighted at the MSGBC Oil, Gas & Power 2025 Conference and Exhibition, taking place in Dakar on December 9–10. The event will provide a platform for international investors to engage directly with SONAP, explore available blocks and gain first-hand insights into Guinea-Conakry’s emerging hydrocarbon potential.

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sectors. Visit www.MSGBCOilGasandPower.com to secure your participation at the MSGBC Oil, Gas & Power 2025 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

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

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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