Global marine geophysics company PGS will participate at African Energy Week (AEW): Invest in African Energy 2024 as a Silver Sponsor. PGS’s participation at the conference – scheduled  for November 4-8 in Cape Town – is set to drive technology-focused discussions around advancing sustainable energy solutions across Africa.

At the core of its operations, PGS harnesses innovative technology to improve geophysical understanding and pioneer sustainable exploration practices on a global scale. PGS is currently in the process of merging with data and intelligence firm TGS to establish a premier energy data company. The merger secured approval from the Norwegian Competition Authority earlier this month and is poised to support African exploration and optimize the development of the continent’s hydrocarbon resources.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and governments and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Under its commitment to advance sustainable energy solutions, PGS recently signed a three-year multi-client survey agreement with Ghana’s Petroleum Commission for seismic data acquisition in the Tano Basin. The agreement involves a $2-million investment to reprocess existing data and enhance its quality to attract potential investors. Termed the “Mega Survey,” the initiative utilizes cutting-edge technologies, including public and PGS-owned 3D System datasets, to promote acreage within the basin.

Last November, PGS secured a contract for a 4D survey project offshore West Africa, leveraging its GeoStreamer technology to deliver high-quality seismic data. With a track record dating back to 2012, PGS has conducted over 50 surveys in the region, utilizing specialized vessels, such as the Ramform Atlas and the Ramform Vanguard, dedicated to West African projects.

Meanwhile, the ongoing PGS survey offshore Egypt – EGY24 Nefertiti – aims to enhance the understanding of shelfal and transform margin potential in the western boundary of Egypt’s offshore area. Partnering with the Egyptian Natural Gas Holding Company, PGS utilizes its Ramform fleet and GeoStreamer broadband technology to gather detailed data for accurate structural imaging. The resulting dataset holds promise for companies establishing a presence in the area, as well as existing operators refining their exploration strategies.

“Investing in technology-focused solutions is key to unlocking Africa’s full hydrocarbon potential and enabling sustainable development across the continent. PGS’s participation at AEW 2024 underscores its commitment to ushering in a new era of data-driven exploration,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

To join Africa’s energy advancement, please visit www.AECWeek.com for further details on participation.

Distributed by APO Group on behalf of African Energy Chamber.

Natural gas company West Africa LNG CEO Cem Hacioglu has been confirmed as a speaker at this year’s MSGBC Oil, Gas&Power 2024 conference and exhibition, taking place in Dakar from December 3-4. Set to transform Guinea-Conakry’s industrial, mining and infrastructure sectors, West Africa LNG – as a premier provider and distributor of liquefied natural gas (LNG) and provider of natural gas fuels services – has made significant strides in the country’s gas-to-power potential.

West Africa LNG specializes in customized solutions for the design and construction of LNG receiving terminals, production plants, regasification and pipeline infrastructure and operational management of new and existing LNG receiving terminals. In April 2024, the company received approval from Guinea-Conakry’s government to proceed with the construction of an LNG terminal at the port of Kasmar.

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit http://apo-opa.co/3L9vhO0 to secure your participation at the MSGBC Oil, Gas&Power conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

West Africa LNG’s $3 billion Guinea LNG project is expected to play a major role in spurring the development of the country’s mining industry. The project includes the provision of a full-service LNG receiving terminal, a liquefaction plant and an export terminal. Initiated in September 2019 following a grant from the U.S. Trade and Development Agency, the mega-project will be located at the port of Kasmar on the country’s northern coast.

The project will also feature a 1,900 MW gas-fired power plant which will be used to power proposed alumina refineries and develop alumina processing at scale. Guinea-Conakry serves as the world’s second-largest producer of bauxite – which is used as the main raw material for making alumina – and currently accounts for roughly 25% of global production.

The move to develop an LNG network in the country comes in response to government-led incentives to nationalize mineral-processing value chains so that the fiscus is able to capitalize on domestic mineral commodities before export. Furthermore, as part of the MSGBC region, Guinea-Conakry has the potential to tap into substantial oil and gas reserves while benefitting from opportunities for economic cooperation and collaboration. This regional collaboration is poised to promote knowledge-sharing, resources and expertise among member countries, leading to joint ventures, investment partnerships and regional development initiatives.

As such, Hacioglu’s participation at the MSGBC Oil, Gas&Power 2024 conference is set to pave the way for growth in Guinea-Conakry’s energy sector while harnessing the country’s vast resources for the benefit of its people and the region.

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

Taking place at AEW: Invest in African Energy on November 4, the African Farmout Forum provides a platform for independent exploration and production companies, IOCs and NOCs to pitch their projects to potential investors and partners. The forum will feature 7-minute deal pitches, a wall of farmouts and networking opportunities whilst also allowing participants to initiate conversations and relationships that can be further explored throughout the conference week.

Led by global energy advisor Moyes&Co; independent acquisition and divestment advisor Envoi Limited; and oil and gas asset deals platform FarmoutAngel, the African Farmout Forum builds on the success of the 2023 edition, where 28 farmouts were promoted.

Companies interested in pitching their farmout or deal should contact Envoi Limited at deliver@envoi.co.uk;  Moyes&co at cmoyes@moyesco.com and ore.onagbesan@energychamber.org.

African Energy Week (AEW): Invest in African Energy conference:

The largest event of its kind in Africa 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 www.AECWeek.com for more information about this exciting event.

As one of the final frontiers for oil and gas exploration worldwide, Africa offers a wealth of opportunities for exploration and production companies alike. In recent months, the continent has witnessed a robust mix of M&A activity as companies move to unlock new basins and strengthen production in mature markets.

According to the African Energy Chamber’s (AEC) 2024 State of African Energy Outlook, M&A activity in Africa in 2023 reached a total transaction value exceeding $3.2 billion in deals either announced or closed. Notable deals include Maurel&Prom’s acquisition of Assala Energy for $730 million and energy major Eni’s divestment of its Nigerian onshore blocks to Nigerian oil and gas company Oando Petroleum. Exploration farm-in activity in Egypt’s offshore Mediterranean sector saw notable partnerships in 2023 between international energy companies ExxonMobil, Woodside Energy and Chevron.

In recent upstream acquisition activity across African hotspots, notable developments underscore the increasing interest of international companies in securing stakes in promising assets. Recently, Angolan independent energy firm Azule Energy acquired a 42.5% stake in Block 2914A in Namibia’s Orange Basin through a farm-in agreement with exploration company Rhino Resources Namibia. Similarly, Chevron Namibia Exploration Limited secured an 80% working interest in PEL 82 offshore Namibia, with Namibian NOC Namcor and local firm Custos Energy retaining a 10% carried interest. In the Republic of the Congo, Trident Energy signed agreements with Chevron and TotalEnergies to acquire interests in operational fields including Moho-Bilondo, Nkossa, Nsoko II and the Lianzi fields.

In addition to partnership opportunities, Africa expects a slate of licensing rounds to be launched in 2024/2025, enabling exploration and production companies to tap into undeveloped acreage. Nigeria recently launched its 2024 Deepwater Bid Round, offering 19 oil and gas blocks – including new and deep offshore assets – while the Democratic Republic of the Congo is evaluating applications for its 2022 Bid Round, offering 24 onshore blocks. Tanzania, Uganda, Somalia and Kenya are also preparing for their respective licensing rounds, while Angola will offer up to 10 blocks in its 2025 Limited Public Tender, aiming to increase oil and gas production to over 1.1 million barrels per day.

Egypt is also set to launch an international bid round in the coming months, while Libya’s National Oil Corporation is preparing for a licensing round to ramp up oil production. Additionally, Algeria is anticipated to launch its 2024 Bid Round, offering onshore blocks as part of its strategy to maximize its gas and LNG potential.

“The African Farmout Forum at AEW: Invest in African Energy 2024 is not merely a transactional platform; it represents a catalyst for reshaping the African energy sector. By uniting key industry players and facilitating dynamic interactions, it sets the stage for investments and partnerships. Against the backdrop of increased M&A activity and the initiation of licensing rounds across Africa, this forum emerges as a pivotal space for forging strategic alliances, assessing investment opportunities and fostering transformative growth in the region’s energy landscape,” states NJ Ayuk Executive Chairman of the AEC.

To secure a pitching slot, please email speaker@aecweek.com

Distributed by APO Group on behalf of African Energy Chamber.

With activities in 43 African countries, French major TotalEnergies is a central player in the continent’s oil and gas industry. TotalEnergies’ approach to local content development ensures that its operations in Africa not only harness untapped energy resources, but also contribute to local employment, capacity building and partnership formations. By placing dialogue, impact assessment and socioeconomic development at the forefront of its activities, TotalEnergies remains committed to delivering long-term benefits to the communities in which it operates.

Angola: Driving Local Expertise in Offshore Projects

TotalEnergies – alongside project partners Petronas and national oil company Sonangol – reached FID on the Kaminho deepwater project in Angola in May 2024. The project, situated in Block 20/11 and comprising the Cameia and Golfinho fields, represents the first major deepwater development in the Kwanza Basin and incorporates an FPSO with the capacity to produce 70,000 barrels per day (bpd). Notwithstanding the opportunity to support oil production in Angola by monetizing offshore resources, the project’s strong local content focus has already begun to deliver economic benefits for the country.

The project involves 10 million hours of work to be conducted by local companies, primarily covering offshore operations and the construction of local sites. Additionally, the project prioritizes long-term capacity building and skills development. TotalEnergies and Sonangol signed an MOU in May 2024 to pool their expertise in research and technology, specifically collaborating on the development and operation of a research and development center in the city of Sumbe. The partners will also work towards developing the skills of Sonangol’s research and technology teams, with a focus on the fields of reservoir geology, process electrification and photovoltaics. As such, TotalEnergies aims to drive knowledge transfer and training, supporting Sonangol’s transformation into a competitive national operator.

Nigeria: Generating Local Opportunities in Oilfield Production

Active in Nigeria since 1956, TotalEnergies’ offshore operations have not only increased oil production in the country, but also created new jobs, business opportunities and training initiatives for local communities. TotalEnergies currently employs 1,800 people in the country, with various features of offshore projects constructed in Nigeria and delivered by local subcontractors.

The company reached FID on the development of the Ubeta gas field in June 2024, alongside partner the Nigerian National Petroleum Corporation (NNPC). Situated in OML 58, the field will be developed with a six-well cluster connected to existing production facilities. TotalEnergies is working closely with the NNPC to enhance local content at OML 58, with more than 90% of the man hours for the new development worked locally.

Other projects featuring local employment opportunities include the Ikike field in OML 99. The project started production in 2022, with 95% of the man hours worked locally. The platform and topside modules for the project were entirely built and assembled by local subcontractors, showcasing the scope of business opportunities available for local companies with field development in Nigeria.

Uganda/Tanzania: Delivering Sustainable Infrastructure Solutions

TotalEnergies is leading the development of the East African Crude Oil Pipeline (EACOP) – a 1,443km pipeline linking Uganda’s Tilenga and Kingfisher fields to Tanzania’s Port of Tanga – with local content forming the base of the project. Since 2022, EACOP has accumulated more than 180,000 hours of training with 21,000 people across the two countries. By the end of 2023, the project’s employment was measured at 1,200 people in Uganda and 3,200 people in Tanzania, with local employees working 92% of the project’s hours. TotalEnergies has prioritized the utilization of local goods and services for the project, with $45 million worth of products purchased from local suppliers in Uganda and $172 million purchased from local suppliers in Tanzania. 

In March 2024, TotalEnergies launched a $2.3-million Industry Enhancement Center in Uganda, aimed at improving the capacity of local SMEs across the oil and gas sector. The center provides a range of services, including industry information, customized business advisory, training and capacity building, and market access. Through these initiatives, TotalEnergies aims to create lasting economic benefits in both Uganda and Tanzania, while supporting the development of local market capabilities.

Republic of the Congo: Maximizing Job Opportunities

TotalEnergies’ local content efforts extend to the Republic of Congo (ROC), where the company increased its interests in the Moho license in April 2024. The deep-offshore project produces on average 140,000 bpd and is the largest oil project in the country, accounting for 60% of national output. Through the project’s focus on socioeconomic development and impact, TotalEnergies has stimulated job opportunities, capacity building and local player participation.

Moho Nord features 600 Congolese companies that work on the project, with 1,200 direct and indirect jobs created and 600,000 hours of training provided by TotalEnergies. This has translated into a positive impact on local employment and business, while creating the opportunity for stakeholders and companies to up-skill in line with international industry standards. Impact assessment was another defining feature of the project –  by prioritizing energy efficiency, adopting a zero-flaring approach and utilizing cutting-edge technologies, the project aligns with TotalEnergies’ climate and socioeconomic objectives. 

Distributed by APO Group on behalf of African Energy Chamber.