Connect with us

ENERGY

Key Themes and Regional Spotlights to Look Forward to Expect at Africa Oil Week (AOW) 2023

Published

on

Key Themes and Regional Spotlights to Look Forward to Expect at Africa Oil Week (AOW) 2023

Key Themes and Regional Spotlights to Look Forward to Expect at Africa Oil Week (AOW) 2023

This year’s panel discussions will cover a variety of topics, ranging from the regionalisation of energy trade and infrastructure to accessing financing, adopting ESG standards, and exploring within new frontiers.

Africa Oil Week (AOW) (http://www.Africa-OilWeek.com) has curated an unmissable agenda for its 2023 programme, to be held in the heart of South Africa’s Cape Town from 9-13 October. Under the theme, “Maximising Africa’s Natural Resources,” AOW brings together the continent’s leading energy stakeholders, from ministers and policymakers to innovative companies across the international oil and gas sector. AOW provides unrivalled opportunities throughout this five-day event for financiers and dealmakers to engage with some of the industry’s top names.

Key Themes and Regional Spotlights to Look Forward to Expect at Africa Oil Week (AOW) 2023

This year’s agenda features an incredible line-up of panel discussions, including securing financing for Africa’s upstream oil & gas sector, monetising gas for domestic socio-economic development, and leveraging world-class technology to build cost-efficiency and low-carbon operational models. Attendees can also look forward to thought-provoking country and regional spotlights on Angola, Namibia, South Africa, Nigeria, Côte d’Ivoire, Ghana and the MSGBC Basin. Find the full AOW 2023 agenda here (https://apo-opa.info/3EQUSYV).

Key Panel Discussions 

This year’s panel discussions will cover a variety of topics, ranging from the regionalisation of energy trade and infrastructure to accessing financing, adopting ESG standards, and exploring within new frontiers. Expert panellists will also delve into the gas sector, namely its monetisation potential for domestic industrialisation over the next decade, as well as the continent’s opportunity to fill the global gas supply gap by 2030.

Securing Global Energy Demand with Africa’s Resources

Moderator Ross Lubetkin (CEO, Welligence) is joined by Rahul Dhir (CEO, Tullow), Nina Koch (Senior Vice President, Equinor), Luca Vignati (Upstream Director, Eni) and Adegbite Falade (MD/CEO, Aradel Holdings Plc) to discuss how African countries can adapt to remain competitive, and position their upstream markets as the supply base of choice by 2050. This panel will examine the future of frontier oil and gas markets, how non-producing nations can attract investment into exploration, and the extent to which Africa’s carbon profile impacts investment decisions.

Driving Social Value for African Economies Through Local Content

This session highlights why collaboration between government and the private sector is essential to ensuring that Africa’s Oil and Gas can be a conduit for development and can deliver a legacy of prosperity and economic benefits to host countries. Speakers Kadijah Amoah (CEO, Pecan Energies Ghana Limited), Rob Sherwin (VP Corporate Relations, Europe & Sub-Saharan Africa, Shell), Toks Azeez (Managing Director East Africa, Baker Hughes), and Miguel Baptista (Managing Director – Angola, Central and East Africa, SLB) will discuss what an equitable local content policy looks like, and how to ensure that local markets and communities gain long term benefits from oil and gas investment.

Monetising Africa’s Gas in the Next 7 – 10 years

As valuable as gas is for Africa, its potential as a transition fuel is yet to be truly actualised. This discussion focuses on how African nations can build roadmaps for domestic gas monetisation, whilst balancing lucrative export revenues. Speakers include Roger Brown (CEO, Seplat Energy), Unni Fjaer (Vice President and Country Manager for Tanzania, Equinor), Eberechukwu Oji (CEO, ND-Western), Dele Kuti (Global Head, Energy and Infrastructure, Standard Bank Group), and Giorgio Vicini, Country Manager Mozambique and Managing Director of Eni Rovuma Basin), in a much-anticipated conversation moderated by Charles Nyirahuku (Chief Gas Officer, African Development Bank). They will consider how Africa can fast track investment into domestic and regional gas development to provide energy security across the continent, as well as what policy is required to make domestic monetisation a reality.

Sustainable Cross Border Value Creation

Energy trading, and cross-border pipelines in particular, is becoming more critical to drive intra-Africa energy trade, leading to more market opportunities for hydrocarbon resource producers on the continent. However, there is speculation that recent oil and gas production, consumption and export trends could undermine existing cross-border pipelines in Africa. Both public and private stakeholders are invited to share their experience and ambitions for the future of intra-Africa energy trade.

The discussion will welcome Mlandzabi Boyce (CEO of the Republic of Mozambique Pipeline Investments Company – ROMPCO), Mohamed Zine (Director at Morocco’s National Office of Hydrocarbons and Mines – ONHYM), Paul Eardley-Taylor (Head of Southern Africa’s Oil & Gas Coverage, Standard Bank), and Neville Ephraim (General Manager, iGAS Operations).

The Energy Industry Value Proposition – Amplification of the ‘S’ in ESG’ session

Due to growing concerns about diversity and inclusion, oil & gas companies are refining business models to focus on value-driven initiatives, as data indicates a fast declining, ageing workforce, widening skills gap and imbalances in gender parity. Iman Hill (CEO, International Association of Oil & Gas Producers – IOGP) is joined by Ian Ayling (Chief Sales Officer, NOV), Chioma Afe (Director External Affairs & Sustainability, Seplat Energy), Ayotola Jagun, (Chief Compliance Officer and Company Secretary, Oando Plc), and Kike Fajemirokun (General Manager Human Resources & Admin, LEKOIL) to explore how companies are prioritising and aligning budgets to meet human capital requirements.

Striking a balance – ILX and Frontier Exploration

In this exploration-focused panel, Ross Compton of the EnerGeo Alliance is joined by William Ashby (Executive Vice President, Eastern Hemisphere, TGS), Nathan Oliver (Executive Vice President, Sales and Services, PGS) and Tom Hay (Vice President of Marketing, Shearwater) to discuss the pros and cons of both infrastructure led (ILX) and frontier exploration strategies. Panellists will discuss the geoscience and investment needs underpinning these two strategies, and the relative challenges in developing value in diverse markets where there are opportunities for both.

Country and Regional Spotlights

Attendees can look forward to thought-provoking country and regional spotlights, including Onshore Licence Round and Marginal Fields in Angola, Planning for Success in Namibia and New Policies and Investment Prospects in West Africa.

MSGBC Basin – Accelerating Growth Through Regional Partnerships

The MSGBC basin, encompassing the waters from Mauritania, Senegal, the Gambia, Guinea-Bissau and Guinea-Conakry, holds sizeable offshore oil and gas reserves. As the region nears commissioning of its biggest offshore oil and LNG projects yet and renews with exploration drilling in 2024, this panel brings together the top government officials from each country including  H.E. Aissatou Sophie Gladima Siby (Minister of Petroleum & Energy, Republic of Senegal), Moustapha Béchir (Director General of Hydrocarbons, Ministry of Petroleum, Mines and Energy, Islamic Republic of Mauritania), H.E. Abdoulie Jobe (Minister of Petroleum and Energy, Republic of The Gambia), H.E. Dionisio Cabi (Minister of Natural Resources and Energy, Republic of Guinea-Bissau), and Amadou Doumbouya (Director General, Société Nationale des Petroles (SONAP) Republic of Guinea).

Nigeria – A Renewed Hope for a High Energy Future

Africa’s biggest oil producer is in the middle of a complete overhaul of its energy sector following the adoption of the Petroleum Industry Act in 2021, the Electricity Act in 2023, and the recent removal of its multi-billion dollars gasoline subsidies. To grow output back to the 2 million barrels per day threshold and boost gas supply, Nigeria must now sanction long-delayed offshore projects while resolving its onshore security crisis. AOW 2023 gathers representatives from President Tinubu’s new administration with Rose C. Ndong (Executive Commissioner, Exploration and Acreage Management, NUPRC), Akinbambo Ibidapo-Obe (General Manager, Commercial, Oando Energy Resources) and Sops Ideriah (Group Managing Director, SLB West Africa) to discuss Nigeria’s future energy prospects.

Angola – Onshore Licence Round and Marginal Fields

During this session, Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) will showcase its next licensing round and highlight the potential across ten onshore blocks. Joined by national oil company Sonangol, the spotlight will also promote the latest opportunities across Angola’s oil & gas value-chain and promote investments and innovation in this booming and dynamic energy market.

Planning for Success in Namibia

The recent discovery of hydrocarbon prospects within Namibia’s Orange Basin has brought exciting investment opportunities, which could lead to considerable oil & gas revenue for this new energy hub. Speakers Maggy Shino (Commissioner for Energy, Ministry of Mines and Energy, Namibia), Dennis Zekveld (Country Chairman, Shell Namibia), Channa Kurukulasuriya (Country Manager for Namibia, Chevron) and senior representatives from national oil company Namcor, and PGS will discuss how we can learn from the past to ensure that these new discoveries provide economic benefits to the region.

Country Spotlight on Ghana – Heading Towards the Next Growth Cycle

While oil provides substantial revenue to Ghana, there is also an opportunity to grow the country’s gas market alongside it. We invite the government of Ghana and operators to discuss future drilling campaigns and their plans to unlock the potential of the country’s gas to serve regional and export demand. Speakers include Opoku-Ahweneeh Danquah (CEO, Ghana National Petroleum Corporation), Egbert Faibille Jnr (Managing Director, Ghana Petroleum Commission), and Wissam Al-Monthiry (Managing Director: Ghana, Tullow).

Country Spotlight on Côte d’Ivoire – Big Discoveries and Investment Prospects

After the commissioning of Baleine Phase 1 in August 2023, Côte d’Ivoire has the potential to become a major offshore oil & gas producer in Africa. This session will explore what’s next for the country and how policy is helping to draw investment into E&P, as well as the prerequisites required to implement a successful national gas strategy. Senior representatives from the Ministry of Mines, Petroleum and Energy and national oil company PETROCI are joined by Nicola Mavilla, Managing Director of Eni Côte d’Ivoire.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ENERGY

Tanzania and the East African Community (EAC) at the centre of regional transmission expansion: Tanzania Energy Cooperation Summit 2024

Published

on

Tanzania and the East African Community (EAC) at the centre of regional transmission expansion

Tanzania and the East African Community (EAC) at the centre of regional transmission expansion: Tanzania Energy Cooperation Summit 2024

Confirmed as one of the most stable and important investment destinations on the continent, Tanzania prepares to host the fifth annual Tanzania Energy Cooperation Summit (TECS) from 31 January to 1 February 2024 in Arusha, home of the East African Community (EAC).

Investors from across industry, finance and government are convening to showcase Tanzania’s potential. Potential that is epitomised by a country now ranked third in sub-Saharan Africa for future investment, that is expected to see 6% GDP growth by 2025, and that has seen hundreds of millions, if not billions, of dollars of investment, targeted towards infrastructure, hydropower, LNG and solar projects in recent years.

Tanzania and the East African Community (EAC) at the centre of regional transmission expansion

Ranked by KPMG behind only South Africa and Nigeria, Tanzania has confirmed its status when it comes to trade and investment.

The nation was cited for its strategic location to the east of the continent, its abundance of natural resources, and its recent investment spike, especially in the power sector. A first on-grid 50MW solar power plant, a $300 million investment into hydropower, a $42 billion LNG project formed by Shell, Equinor and Exxon Mobil, and almost $7 billion injected into infrastructure, confirms its attractiveness both in Africa, and globally.

Organised by EnergyNet, TECS24 will not only highlight these success stories but look at future trade and generation projects poised to transform the country and region further. Challenges around financing and guarantees will also be brought to the fore, to ensure that momentum isn’t lost and that the country’s power sector continues to go from strength to strength.

Alongside major investors, stakeholders attending include national ministers from Tanzania, Malawi and Ethiopia, as well as heads of national utilities, including Tanzania’s Managing Director of TANESCO, Gissima Nyamo-Hanga. Speakers from Electricidade de Moçambique (EDM) and Zambia’s ZESCO will also be present. They, alongside representatives from the public and private sectors, DFIs – including AfDB, BII, World Bank Group and ATIDI – and multilaterals, will descend on Arusha for an intimate, high-level business retreat like no other.

With an emphasis on Tanzania’s’ position as a regional energy enabler, topics being brought to the table include Tanzania’s economic outlook and energy development potential, as well as plotting the best way to build a regional power market. Public-private partnerships in transmission projects will also be on the agenda, in addition to DFIs, governance and regulations, and the vital role of renewables. Attendees will be invited to offer ideas around building better regional interconnection, more robust frameworks for trade and investment, and ultimately to form a roadmap for regional energy access moving forward.

“Tanzania’s positioning on the continent has made it pivotal to trade. With connections between south and east and also to the rest of the world, the country has always had the potential to be a trailblazer for industrial growth – and now we’re seeing how this potential will be realised. It’s therefore hugely exciting to showcase Tanzania’s growth and to make sure the opportunity and momentum continues.” said Simon Gosling, Managing Director, EnergyNet.

He continued, “We’re also delighted to be hosting the summit in Arusha, giving everyone the time and space to deep-dive into the sector’s most pressing topics.”

“With Tanzania being one of our founding member countries, we are keen to do more in support of the country’s energy sector goals. Building on the progress made at last year’s event in Dar es Salaam, we hope that TECS24 will provide greater clarity on the proposed role of the private sector in the energy sector and how DFIs – particularly multilateral insurers and guarantors like ATIDI – can be supportive of such efforts and the wider energy transition,” commented Obbie Banda, Underwriter & Acting RLSF Coordinator at the African Trade & Investment Development Insurance (ATIDI).

Aleem Tharani, Co-Head for Infrastructure Sector Group (Africa), Bowmans and Head of Projects, Energy & Infrastructure (Africa), concluded: “The 5th Tanzania Energy Cooperation Summit marks a pivotal moment for Africa’s energy sector. By uniting investors, government entities and industry specialists, we’re fostering dialogues crucial for advancing Tanzania’s energy roadmap, prioritising gas and renewables, and enhancing regional transmission. Bowmans is proud to sponsor this summit, recognising its significance in shaping Africa’s energy future and strengthening public-private partnerships.”

 

FACILITATING ENERGY INVESTMENT IN FAST-GROWING ECONOMIES – EnergyNet has produced investment forums and executive dialogues for Africa and Latin America’s power sectors for the last 25 years – in Europe, the USA, Asia and across Africa and Latin America.

We work with governments and national utilities to facilitate investment summits where credible international investors can build relationships with public sector stakeholders to advance access to power.

Best known for the Africa Energy Forum, the longest-serving business development meeting place for senior-level decision makers in Africa’s power sector, other leading investment summits we provide strategic perspectives on the investment landscape and project preparation include the Tanzania Energy Cooperation Summit, H2 Africa, Offshore Technology Africa, Powering Africa Summit, Latin American Energy Forum and Latin American & Caribbean Gas Conference and Exhibition. YES! Youth Energy Summit and YES! Youth Energy Day are part of the portfolio, with a focus on creating a platform and network to boost the skills, connections and business readiness of a new generation of African energy leaders

Having this focus on public and private sector partnerships provides us with a valuable lens through which we can offer independent perspectives and support the business development activities of companies from around the world operating in these fast-growing markets. Our team talks daily with stakeholders across Africa, Latin America and the Caribbean to support these insights, so relationships and investor insights are our business and our passion.

Continue Reading

ENERGY

MSGBC Conference to Feature Roadshow on Mauritanian Exploration Opportunities

Published

on

MSGBC Conference to Feature Roadshow on Mauritanian Exploration Opportunities

MSGBC Conference to Feature Roadshow on Mauritanian Exploration Opportunities.

A special session on Mauritania’s exploration prospects during the MSGBC Oil, Gas & Power 2023 conference will delve into a range of topics, from geology to investment incentives and ongoing developments.

Mauritania is making great strides to attract foreign investment across its untapped upstream market, introducing a 15-block offshore licensing round; strengthening geological surveying and data acquisition; while promoting collaboration between Mauritanian and global partners. The country’s upstream prospects will be further explored during the MSGBC Oil, Gas & Power 2023 conference and exhibition (https://apo-opa.info/479O0lz), scheduled for November 21-22 this year.

MSGBC Conference to Feature Roadshow on Mauritanian Exploration Opportunities

In an exclusive panel session titled, ‘Focus on Mauritania: Road Show on Exploration & Opportunities’, a suite of Mauritanian policymakers, global E&P investors and regional stakeholders will engage in pivotal discussions and strategic planning on Mauritania’s upstream sector. For potential players looking at tapping into one of the world’s final frontiers for offshore exploration, the Mauritanian exploration roadshow is a not-to-be-missed event.

The Mauritanian Coastal Basin, an area with an extensive 2D and 3D seismic data coverage – covering more than 100,000 km, respectively – has become a focal point for exploration in recent years. The discovery of the Chinguetti oilfield in 2001 marked the opening of the tertiary petroleum system in the basin, while the 2015 GTA gas discovery in Block C8 unveiled deeper Cretaceous petroleum systems. These breakthroughs, coupled with growing global demand for oil and gas, emphasize the country’s evolving energy potential and growing prominence, and the Mauritanian roadshow will provide insight into the country’s unique offshore geological features.

The exploration session will serve as a bridge connecting government decision-makers, data experts, and industry players, providing a unique platform to exchange insights, share vital information, and outline the future trajectory of energy exploration and development in Mauritania. The panel of experts will delve into a series of essential topics that collectively form a holistic view of Mauritania’s exploration perspectives.

Serving to connect investors with Mauritanian opportunities, the session will provide an overview of Mauritania’s business environment and investor safeguards, showcasing the country’s commitment to creating a secure investment climate. The legal investment framework and the benefits and exemptions in promotional zones will be highlighted, emphasizing how these incentives can foster business growth. Correspondingly, details of the country’s latest bid licensing round, which features 15 offshore blocks, will be provided, connecting new players to the country’s promising yet untapped acreage.

Under efforts to promote exploration and production, the Mauritanian Government revised the legal and regulatory framework, implementing tax rules and exemptions to entice foreign and regional players. Through the Petroleum Code – introduced in 1998 and revised in 2011 – the Government sought to incentivize foreign investment in upstream activities, enhancing transparency, clarity and productivity across the hydrocarbons market. Regulatory revisions continue to be made, and in addition to geological insight, the Mauritanian session this November will provide a comprehensive overview of the country’s investment environment, equipping potential investors with the information they need to make informed decisions.

Efforts to enhance investment attractiveness have already translated into several key milestones, with a number of foreign players exploring the offshore market. International heavyweights to the likes of bp, Kosmos Energy, TotalEnergies, Shell, and many more now operate in this region, signaling the growing significance of Mauritania in the global energy landscape. These and many other players are looking at fostering new partnerships, and the session will offer insights into promising prospects and collaborations, illustrating the exciting potential of Mauritania’s energy sector.

MSGBC Oil, Gas & Power 2023 is a crucial milestone for the energy sector, bringing together key stakeholders, policymakers, and industry experts to discuss the most recent exploration opportunities in the region. The Mauritanian exploration roadshow, for its part, acts as a catalyst for information exchange and partnerships, and will greatly contribute to the MSGBC region’s long-term energy success.

Organized by Energy Capital & Power, the conference takes place under the patronage of the President of the Republic of Mauritania Mohamed Ould Cheikh El Ghazouani and in partnership with Mauritania’s Ministry of Petroleum, Energy and Mines; the Mauritanian Oil and Mining Company; Petrosen; COS-Petrogaz; and the African Energy Chamber. Register now to secure your place!

Continue Reading

ENERGY

CrossBoundary Access open sources project financing tools used to finance over $80m of mini grids in Africa

Published

on

CrossBoundary Access open sources project financing tools used to finance over $80m of mini grids in Africa

CrossBoundary Access open sources project financing tools used to finance over $80m of mini grids in Africa

CrossBoundary Access, in partnership with Shell Foundation, the UK-registered charity, is open sourcing the project financing tools they have used to structure and finance over $80m of mini-grid projects.

Mini grids are the least cost method to provide electricity to 260 million people in Africa and have a critical role in achieving universal energy access on the continent; However, mini grids are complex infrastructure assets. It typically takes 12-24 months to structure and finance a mini grid project; CrossBoundary Access (CrossBoundary.com/Access) is open sourcing the project financing tools they have used to finance over $80m of mini-grid projects to accelerate universal energy access in Africa.

CrossBoundary Access open sources project financing tools used to finance over $80m of mini grids in Africa

CrossBoundary Access, in partnership with Shell Foundation, the UK-registered charity, is open sourcing the project financing tools they have used to structure and finance over $80m of mini-grid projects. CrossBoundary Access has shared a project finance model on its website today (https://apo-opa.info/49gLCLC) and will share template project financing term sheets later this year. CrossBoundary Access believes open sourcing financial tools and approaches across the sector will accelerate the flow of capital needed to achieve universal energy access in Africa.

The International Energy Agency (IEA) forecasts that the number of people in Sub-Saharan Africa without power – 600 million – will be largely unchanged by 2030. Mini-grids – self-sufficient electricity grids that can serve households and businesses – have a critical role to play in bridging the gap. They are the least-cost method to bring electricity to over 260 million people.

However, mini grids are complex infrastructure assets that typically take 12-24 months to finance. Mini grids are small (typically less than $500,000 in capex), have unfixed long-term cash flows such as revenue, diesel expenditure, battery replacements, etc., and are typically mixed with other non-infrastructure assets and activities. The process of ring-fencing mini-grid assets into standalone investment vehicles, and fixing and allocating revenues, costs, and risks over a typical 10–20-year infrastructure investment horizon is a highly intensive process. Detailed, interlocking financial models and project contracts are required to create bankable mini-grid projects.

CrossBoundary Access is open sourcing the two interlocking financing tools it has developed over the last 6 years – a financial model and project term sheets – to accelerate the flow of capital into the mini-grid sector. The open-source movement was first pioneered by the software industry in the 1990s. CrossBoundary Access believes the energy access sector should adopt its own open source model to accelerate industry collaboration. Continuous sharing and improvement of the sector’s financing tools is needed to attract and deploy capital into mini grids.

Read more on why CrossBoundary Access and Shell Foundation believe open source can accelerate universal energy access in Africa in this article (https://apo-opa.info/47fIoGf).

Terry Otinga, Senior Investment Associate and Open-Source lead at CrossBoundary Access, says, “We are excited to share these tools and are especially eager to exchange lessons learnt with developers and investors. This will bring us a step closer to closing the energy access gap in Africa. That’s what open source is about.”

Kwaku Owusu-AchawBusiness Development Director at the Shell Foundation, says, “We are thrilled to partner with CrossBoundary Access to share this innovative financing approach. We hope that this is useful for the sector and gives developers the tools to raise capital and improve energy access in Africa.”

Humphrey Wireko, Managing Director at CrossBoundary Access, says, “We appreciate Shell Foundation’s support in this initiative. In order to reach the 300 million people in Africa best served by mini-grids, we need a lot more mini-grids being built and more investors providing capital to this sector. Hopefully this helps make that happen.”

About CrossBoundary Access:
CrossBoundary Access (CrossBoundary.com/Access) is Africa’s first blended finance platform for mini grids. CrossBoundary Access uses an innovative blended finance approach to invest in mini-grids and provide 24/7 grid-quality power to households and businesses in rural Africa. CrossBoundary Access reached first close in June 2022 with $25 million from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund. In September 2023, the platform secured an additional $10 million from AfDB’s Sustainable Energy Fund for Africa (SEFA). CrossBoundary Access continues to raise and deploy a total of $150 million of blended project finance over the next three years to bring clean energy to one million people in Africa. CrossBoundary Access is a member of the CrossBoundary Group. https://apo-opa.info/3skZIeb

About Shell Foundation:
Shell Foundation (https://ShellFoundation.org) is an endowed, UK-registered charity that catalyses clean energy innovation and unlocks inclusive investments in Africa and India, empowering millions of underserved customers – of which half are women – to earn a living income. Shell Foundation, with co-funding from the UK government through the FCDO, funded the open source project to encourage more investments in mini-grids, which can power whole communities, helping small business owners, rural agricultural households, and urban transporters, the key focus customer groups for the Foundation.

Continue Reading

Trending