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Perenco bets big on Africa Upstream with Investments in sustainable energy projects

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2 years ago

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Perenco

Perenco CEO Benoît de la Fouchardière provides insight into the company’s ambitious upstream agenda and why it represents the partner of choice for African countries

JOHANNESBURG, South Africa, April 12, 2023/APO Group/ — 

Africa’s energy sector is growing rapidly owing to a series of ambitious exploration campaigns undertaken by independent oil and gas explorers. Companies such as Anglo-French independent Perenco continue to make strides towards unlocking the full potential of the oil and gas market. The African Energy Chamber (www.EnergyChamber.org) spoke with Benoît de la Fouchardière, CEO of Perenco (https://apo-opa.info/3MDPRYW) about the company’s upstream agenda and why Perenco represents the partner of choice for African countries.

Perenco recently signed a 20-year contract for the Rio del Rey concession in Cameroon. What is the significance of this contract and how does it align with Perenco’s overall upstream agenda?

Firstly, Rio del Rey (RDR) is the regional hub, surrounded by Dissoni, Bolongo, Moabi, Moudi and soon Bomana. It is also feeding the majority of the production to the COTSA Terminal, the Massongo. We have built this virtuous system of maximizing the synergies between various contracts to support the development of marginal fields which would not otherwise have been economic.

Secondly, RDR is generating its own growth. The fields constituting RDR have already produced over a billion barrels. We believed from the start in 2011 that they could deliver more than they were. We proved it, thanks to a special purpose rig called “the LUG”, developed by the Perenco Group specifically for RDR. It has already drilled 33 wells and production from these represent more than 30% of RDR’s current production. This is a big part of the solution, and we envisage it continuing to drill for years to come.

Perenco represents the largest operator in the country in terms of production. Are there plans to increase production at the Rio del Rey concession? Are there plans to drill more wells?

As I explained, we think we have the appropriate tool to perform fit for purpose infill drilling with the LUG rig. RDR barrels are not easy to find, but they are there. We just needed that versatile and powerful platform rig to produce them. It will at least maintain production at 40,000 barrels per day. It can be boosted if we have exploration success.

How does Perenco work with local communities and authorities to ensure that operations at Rio del Rey are socially responsible and environmentally sustainable?

From the beginning, Perenco has been engaged with the Republic of Cameroon to have a positive impact at local, regional and national levels. At the national level, through revenues generated by our activity, employment and training of young Cameroonians from all regions and all disciplines. Locally we are working with IECD, a Non-Governmental Organization partner to develop micro entrepreneurial initiatives, teaching people to learn how to manage funds and reinvest effectively.

On a global standpoint, we are engaged in a global initiative to remove plastic waste from the countries where we operate – Plastic Free. We are developing a pyrolysis machine at a small scale and another at an industrial scale (to be installed in Cap Lopez in Gabon).  It will clean the plastic from the country and use it to produce diesel in a virtuous circle, also reducing the need for diesel imports.

Perenco has developed a specific know-how that it is now perfecting with the introduction of multiple innovations

What are some of the unique challenges Perenco has encountered in the Rio del Rey basin and what has been done to address them?

The main challenge today is to address the gas flaring issue. The RDR reservoirs have a high gas/oil ratio and cumulated associated gas presents a risk that must be addressed. The issue is the number of locations and the low-pressure nature of the gas, but we have identified solutions to address the challenge. We are working with SNH to deliver the appropriate contractual, technical and economic solution, taking into consideration the country’s needs (gas-to-power, gas-to-industry and LPG) and the current value of gas on the international market. We expect an FID within a year with a fast track first phase right after.

Perenco has been bullish in Africa with the firm securing FID for the Gabon LNG facility as well as acquiring Glencore’s Chadian assets and New Age’s Etinde Asset in Cameroon. Looking ahead, what are Perenco’s plans for expanding exploration in Africa even further? Are there any new markets on the agenda? 

Perenco has developed a specific know-how that it is now perfecting with the introduction of multiple innovations. This know-how fits well with African onshore and shallow water projects, where we have a historical presence and which we can build upon. We know we can deploy our teams easily in other parts of the world, as we did in T&T, Mexico, Brazil and Chad in recent years. 

However, we would always prefer to consolidate our presence in an existing country versus opening up in a new one. Our added value for the country is our ability to create reserves while we produce them. This requires expertise and permanent creativity to fight the natural decline. In the last years, we have added an extensive knowledge of gas to our historical expertise in mature & marginal oil fields. We know that we can replicate in gas what we have learned in oil and bring these ground-breaking solutions to life for the African energy sector.

Why does Perenco represent the partner of choice for African countries looking at developing offshore assets? How does the firm incorporate new technology and innovation into exploration efforts?

Perenco has an entrepreneurial approach. When we initially look at a field, we may not have certainty at that stage how we will produce it. We study it, starting by analyzing all of the available data from the time of exploration and the early development of the field; we share ideas, drawing on our 30 years’ experience; we redevelop in one, two, or three phases; and we connect, explore, or acquire adjacent blocks so as to achieve a virtuous circle where all the fields support each other.

We also have alternative development studies called the ‘oil & gas’ program. As an example, in Gabon on the GANGA field, a field holding 40 million barrels and 1 trillion cubic feet of gas, we have a joint development of oil and gas. By doing so, we are creating value with both products.

The 2023 edition of the African Energy Week conference takes place in Cape Town in October. How does the event serve to advance Perenco’s exploration agenda in Africa and what deals do you hope to sign?

African Energy Week (https://AECWeek.com/) will be an important moment to share with our peers and multi-governmental authorities the specifics of the company and how it adds value in the countries where we operate. As an example, we entered Chad in July 2022.  Eight months later we have already reached 18,000 bpd (from zero at the take over time) and now feed Moundou with a reliable and immediate gas-to-power solution which supports the development of the city.

What makes us different is that when we enter a country it is for the long term; we have a pure, entrepreneurial, approach, not a financial one; and we understand that the countries need to develop themselves and that we must be playing an active part in that development.

Distributed by APO Group on behalf of African Energy Chamber.

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Yellow Card Secures Crypto Asset Service Provider Licence in South Africa

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19 hours ago

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November 21, 2024

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Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ — 

Yellow Card (www.YellowCard.io), Africa’s leading stablecoin-based infrastructure provider, has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.  

Commenting on the FSCA’s decision to issue the licence to Yellow Card Financial South Africa, Chris Maurice, Yellow Card’s co-founder and CEO, said, “The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent.This achievement reflects our dedication to providing secure, compliant and transformative solutions for our customers both in South Africa and across Africa.  

The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent

Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%. In South Africa alone, where the number of total users of crypto assets is estimated to amount to 5.8 million people, stablecoins have experienced growth of 50% month over month since October 2023, displacing bitcoin as the country’s most popular cryptocurrency.  Yellow Card is excited to play a pivotal role in this financial revolution in South Africa. 

Yellow Card, which launched in South Africa in 2020, has facilitated over US$3 billion in transactions in the last several years and now operates in 20 countries across the continent. The company recently completed a US$33 million Series C financing, led by Blockchain Capital and existing investors, including Polychain Capital, Valar Ventures, Third Prime Ventures, Coinbase Ventures, and Block, Inc. (Square/Cash App), reflecting strong investor confidence in its mission.   

As the stablecoin landscape continues to evolve, Yellow Card is committed to leading the charge in making digital assets accessible and secure for businesses across Africa. With the recent licensing and funding, the company plans to expand its B2B offerings by enhancing its stablecoin rails, upgrading infrastructure, and advancing its B2B API and Widget. These efforts will empower businesses with seamless solutions for liquidity management and their general operations. 

To learn more about Yellow Card, visit: https://YellowCard.io/. 

Distributed by APO Group on behalf of Yellow Card Financial.

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Telecoming and MTN Partner to Launch cloud gaming in South Africa

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19 hours ago

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November 21, 2024

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MTN Cloudplay will allow MTN users in South Africa to access a wide range of cloud-based video games, providing a high-quality gaming experience without the need for downloads or high-end gaming consoles

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ —

  • Both companies extend their collaboration to introduce cloud gaming in South Africa.
  • MTN Cloudplay aims to revolutionize digital entertainment with affordable, high-quality gaming access.

MTN, Africa’s leading telecommunications operator with over 290 million subscribers across the continent, announces the launch of Cloudplay, a revolutionary new cloud gaming service, with Telecoming (www.Telecoming.com), a sportech company specializing in developing and distributing mobile experiences for sports and entertainment. This project marks a new milestone in the ongoing collaboration between the two companies.

MTN Cloudplay: A Game Changer

MTN Cloudplay will allow MTN users in South Africa to access a wide range of cloud-based video games, providing a high-quality gaming experience without the need for downloads or high-end gaming consoles. The service will allow customers to stream high-end PC games to their mobile phones, enabling them to play anywhere, anytime.

This service seeks to democratize access to high-quality mobile gaming for the whole family; including various genres which include retro games and exciting popular gaming titles with multi-device gameplay, at an affordable price of only R79 per month.

Jason Probert, General Manager for Digital Services at MTN South Africa shared his thoughts on the collaboration:

Customers can use their existing Steam licenses on the service, and have access to more than 300 games on the service for only R79 per month

“We’re thrilled to launch MTN Cloudplay in South Africa. We’re committed to enabling our customers to enjoy the benefits of a modern connected life and the advent of 5G means that it is now possible to stream and play games without the need for a PC or console. Customers can use their existing Steam licenses on the service, and have access to more than 300 games on the service for only R79 per month.”

Alí Karaosman, MEA Director of Telecoming says “It is very exciting for us to extend our collaboration with MTN, bringing our nearly decade-long experience in this market and supporting the operator in this innovative digital entertainment offering, we are convinced that MTN Cloudplay will revolutionize the way users in South Africa enjoy video games. For Telecoming, this partnership with MTN is a strategic step in our mission to bring esports and innovative digital services to Africa. We are committed to continuing to develop technological solutions that enhance digital leisure for people in the region.”

Service Details

MTN Cloudplay is available to all MTN users in South Africa since November 2024. With a vast library of over 340 games from over 50 publishers, this cloud gaming service offers an unmatched gaming experience on any device.

MTN Cloudplay is accessible to MTN subscribers. Users can visit https://Cloudplay.MTN.co.za to explore the platform and enjoy a wide selection of gaming titles.

Highlights

  • Extensive Game Library: Enjoy classics like Contra, PacMan and Mortal Kombat and modern hits like Hogwarts Legacy and Borderlands 3.
  • Bring Your Own License (BYOL): Access games you’ve purchased on Steam, such as Grand Theft Auto V and Fallout 4.
  • Multi-Device Access: Play on any device and switch seamlessly between them.
  • Low Latency: Experience responsive gameplay with minimal lag.
  • Subscription: Available directly on https://Cloudplay.MTN.co.za or via the MTN Play https://Play.MTN.co.za website for R79 per month.

Distributed by APO Group on behalf of Telecoming.

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rainx Launches the101 Range of 5G Fixed Wireless Access (FWA) Routers for Mobile Network Operators (MNOs)

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1 day ago

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November 20, 2024

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The industry’s smartest and most aesthetically pleasing 5G and Wi-Fi 7 router opens new opportunities for service providers globally

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ — 

rainx, a leader in 5G Fixed Wireless Access (FWA) solutions, has launched the101 range (https://apo-opa.co/40UwYYE), an advanced ecosystem of fixed wireless 5G and Wi-Fi access products designed to meet the high standards of modern Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs) and their customers.

This lineup includes the101 and the101 Pro 5G smart routers, the101 Xtender smart mesh Wi-Fi extender, and the101 Loop – a new category of product designed for today’s always-connected customer, powered by MediaTek. Together, these solutions redefine 5G FWA, enabling operators to enhance network quality, reduce churn, and drive new revenue streams. The routers also offer a collection of 101 skins to suit the users’ style, creating devices that are designed to be on show.

Targeted to the demands of the modern telco

As demand for 5G-enabled FWA continues to surge, MNOs face complex challenges in scaling network capacity and quality for fixed locations, while managing the concurrent load on mobile networks. Recognising this challenge, rainx has engineered the Customer Edge approach, an integrated ecosystem of products and services designed to empower operators to manage and optimise the customer experience. This begins with the101 range of 5G smart routers, which double as network probes, feeding real-time insights to theStation, a smart managed services platform.

theStation provides operators with deep network insights, enabling accurate, proactive decisions on coverage and capacity expansion. Operators can access detailed data on network performance in the home, including Wi-Fi clients, usage patterns, speed and latency – providing proactive support and direct customer communication through the101’s touch screen. This visibility gives MNOs comprehensive control over the entire FWA ecosystem, helping to streamline network load management, anticipate capacity needs, and deliver high-speed connectivity for both residential and commercial customers.

For end-users, the101 range provides an intuitive, self-service interface that empowers customers to manage their network in real time, minimising support needs and enhancing the overall customer experience.

Key Products in the101 Range include:

the101 Pro 5G smart router

Built for premium, high-demand users, the101 Pro offers advanced 5G capabilities with the new MediaTek (MTK) T830 platform that delivers sub-6Ghz 5G with speeds of up to 7 Gbps, Wi-Fi 7 and 300MHz 4 carrier aggregation. The routers offer a range of customisable skins to suit the users’ aesthetic preferences that bring the Pro’s screen to life. Its powerful hardware ensures optimal performance for bandwidth-intensive applications, including cloud gaming.

Our Customer Edge approach provides operators with the deep insights they need to make informed decisions on their networks

Ripple Messaging™ offers MNOs a direct communication channel to the device’s 2.1” touch screen for real-time support and service notifications. It includes a built-in speed test and a “Tap for Support” feature. Additionally, theStation’s managed services enable proactive device management, optimising performance with real-time updates to ensure continuous service quality and reducing operational costs.

the101 5G Smart Router

rainx’s mid-range offering is powered by an MTK T750 platform with 200MHz two carrier aggregation and AX3600 Wi-Fi 6. With a 1.8” touch screen display, it offers smart features like “Scan to Connect”, direct messaging and a built-in speed test. It’s available with a choice of 101 skins to suit customer tastes. the101 also offers managed services through theStation.

the101 Xtender Smart Mesh Wi-Fi

the101 Xtender broadens 5G coverage, enabling MNOs to deliver high-quality, uniform connectivity throughout larger spaces. As part of the mesh network, Xtenders integrate directly with 101 routers, allowing operators to address Wi-Fi coverage gaps and deliver a consistent, high-speed experience across homes or office spaces.

the101 Loop

A new portable 5G router designed for today’s always-connected consumer. With built-in 5G, a 5.5” LCD touch screen, 25W stereo sound and a cinematic camera, the Loop lets you connect in exciting new ways. MNOs can leverage the Loop’s multimedia capabilities to offer premium services, build customer loyalty and create new ARPU (Average Revenue Per User) opportunities through integrated 5G and Wi-Fi.

“Through smart hardware and services, we’re partnering with MNOs and MVNOs to unlock the potential of 5G,” said Brandon Leigh, Founder and Director of rainx. “Our ecosystem empowers operators to monetise latent 5G capacity, create new revenue streams, and addresses the shift from spiky mobile traffic to high, steady usage at fixed locations. Our Customer Edge approach provides operators with the deep insights they need to make informed decisions on their networks, manage the customer experience and generate ROI from 5G.”

“For customers, the 101range allows them to blend their aesthetic preferences with beautiful customisable skins, alongside high-performance engineering powered by the latest MediaTek CPE technology. the101 range delivers a reliable, high-speed connection that stays robust during periods of spiky traffic. The range also offers intuitive self-service features, allowing customers to easily monitor and control their router, reducing the need for support calls and creating a seamless, hands-on user experience that truly puts the power in their hands,” Leigh concluded. 

Rami Osman, Director of Business Development for MediaTek Middle East and Africa, said: “We are excited to collaborate with rainx to increase 5G FWA access across Africa, Asia and abroad to bring the benefits of fast, reliable connectivity to consumers and businesses. The MediaTek T830 has a highly integrated and compact design that provides big power savings and reduces development time and costs for customers like rainx.

“The MediaTek T830 chipset platform represents the latest advancements in both 5G and Wi-Fi connectivity and enables our customers to build extremely high-performance multi-gigabit 5G CPE products in the smallest form factors possible. Users can get a super-fast router at home of office that they can self-install and manage, reducing the lengthy installation times for fixed line broadband,” Osman said.  

Distributed by APO Group on behalf of MediaTek Inc..

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