Energy data and intelligence company TGS has joined the African Energy Week (AEW) (www.AECWeek.com): Invest in African Energy 2024 conference and exhibition – taking place from 4 – 8 November in Cape Town – as a bronze sponsor.

Dedicated to fostering fresh investments and facilitating the growth of the African market through innovative data solutions and intelligence, TGS’ sponsorship underscores the event’s significance in leading Africa’s energy renaissance.

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.

TGS initiated a multi-client 3D survey (https://apo-opa.co/3wsDCse) for the Awele South basin, covering an area of 5,900 km offshore Nigeria in August 2023. The survey aims to provide insights into the untapped potential of the Niger Delta Basin, aiding Nigeria and its partners in strategizing mechanisms to unlock prospects, mitigate risks in drilling, attract funding, and enhance production. At the conference, TGS is anticipated to discuss such developments, along with its contributions to the sustainable growth of Africa’s oil and gas markets.

The company conducted a 2D seismic survey in the Mauritania-Senegal-Gambia-Bissau-Conakry (MSGBC) basin offshore Mauritania (https://apo-opa.co/3UwezwK) in 2021 to help the country build upon discoveries such as bp’s Greater Tortue Ahmeyim. Additionally, the data analytics firm completed a 3D seismic survey offshore Senegal, Gambia, and Guinea-Bissau in 2020, covering over 28,000 km2 of data. TGS also conducted a separate 3D seismic survey offshore The Gambia, covering 4,770 square km, in support of the Ministry of Petroleum and Energy’s future licensing round.

As hydrocarbon-rich African countries intensify upstream activities to achieve energy security, industrialization, and GDP growth targets, TGS positions itself as a reliable intelligence partner. The company holds 2D seismic data for Angola’s entire Kwanza Basin (https://apo-opa.co/3UlTWmB), comprising eight of the 12 onshore blocks awarded in January 2024 as part of the 2023 Tender for 12 onshore blocks. The data is crucial in guiding explorers in drilling endeavors.

In Namibia, TGS offers over 50,000-line km of multi-client 2D seismic data offshore and over 97,500 km of regional 2D data across the hydrocarbon-rich Orange Basin. Similarly, in South Africa, the firm’s seismic surveys in the Orange, Outeniqua, and Durban basins play a pivotal role in driving ongoing and future upstream activities.

During AEW: Invest in African Energy, TGS will participate in high-level panel discussions showcasing Africa’s oil and gas prospects, engaging with African energy policymakers and stakeholders to unlock the continent’s untapped potential.

“TGS has shaped the growth of Africa’s hydrocarbon industry with its seismic and geology interpretation services and innovative products. The company’s services will be crucial for Africa to attract fresh oil and gas exploration investments crucial to meet growing energy needs for industrialization and energy access,” stated NJ Ayuk, the Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

Director of Project and Asset-Based Finance for the African Export-Import Bank (Afreximbank), Helen Aigbe Brume, will discuss financing Africa’s energy growth at the Invest in African Energy (IAE) forum in Paris.

Committed to financing and promoting intra- and extra- African trade, Afreximbank plays a leading role in developing African energy projects that target industrialization and economic development. In Angola, the multilateral financial institution is investing in the Cabinda oil refinery, set to double the country’s refining capacity upon completion and reduce reliance on and associated emissions from imported refined petroleum products. In Nigeria, Afreximbank is developing the country’s first indigenous floating LNG facility with UTM Offshore, as well as a $60-million gas processing facility with Alphaden Energy&Oilfield, with a view to unlocking gas resources for Africa’s enhanced energy security.

IAE 2024 is an exclusive forum designed to foster collaboration between European investors and African energy markets. Taking place May 14-15, 2024, in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors, and policymakers. For more information, please visit www.Invest-Africa-Energy.com.

As Africa’s traditional sources of capital reduce their fossil fuel lending, Brume is expected to speak on strategies for navigating shifting investor priorities, while fast-tracking development of Africa’s energy system and fostering cooperation among African and global energy industry stakeholders. Set to launch later this year, the Africa Energy Bank – a collaboration between Afreximbank and the African Petroleum Producers Organization – aims to improve energy access by providing financing to new and existing oil and gas projects across the continent.

“As one of the leading sources of financing in the sector, Afreximbank has the knowledge, experience and best practices when it comes to catalyzing energy finance in the face of tightening capital. We look forward to Afreximbank leading discussions at the upcoming forum around capital creation, improved access to financing, particularly for SMEs, and Africa’s long-term energy growth prospects,” says Sandra Jeque, Event&Project Director of IAE 2024.

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

Sebastião Gaspar Martins, CEO of Angola’s national oil company (NOC) Sonangol, will participate as a speaker at African Energy Week (AEW): Invest in African Energy 2024 event in Cape Town from November 4-8. This comes as the country seeks to attain energy security, affordability and reliability on the back of accelerated oil and gas development. The NOC will also serve as a sponsor for this year’s event.

Ahead of AEW: Invest in African Energy 2024, the parastatal continues to actively promote Angola’s hydrocarbon industry, along with the country’s national concessionaire National Agency of Oil, Gas and Biofuels (ANPG), with a view to stabilizing production above 1.1 million barrels of oil per day (bpd) and increasing its share of operated crude oil and natural gas production from two to 10% by 2027.

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.

In September 2023, Sonangol spudded the Tobias-13 well as part of drilling and evaluation work in Block KON11 in the onshore Kwanza Basin, aiming to fast-track a potential discovery into development. Meanwhile, Angola has seen an uptick in exploration and production activities, with the ANPG finalizing production sharing negotiations from its latest 12-block tender and is set to launch its next oil and gas licensing round in 2025.

Leading international oil companies operating in the country, including TotalEnergies, continue to drive exploration and production activities. In Block 17, the supermajor is working towards first production at the CLOV Phase 3 project, consisting of a five-well expansion set to increase production by 30,000 bpd. TotalEnergies is also developing the offshore Cameia and Golfhino fields, as well as anticipating first production from the offshore Begonia oil field later this year, adding another 30,000 bpd to the country’s output.

Poised to diversify gas-based industries and serve as an intermediary fuel in the energy transition, natural gas in Angola has risen to the forefront of the country’s agenda. In December 2023, Sonangol inaugurated its Falcão Phase 2 gas project, effectively delivering gas from the Angola LNG plant to the Soyo 1 combined-cycle power plant. The project has served to boost the plant’s processing capacity to 125 million cubic feet while enabling gas distribution to industry and petrochemical plants across the southern region of the country.

With the first phase of the 60,000-bpd Cabinda Refinery set to start production this year – while production of the 200,000-bpd Lobito and 100,000-bpd Soyo refineries are also underway – Angola is well positioned to advance its downstream sector. Additionally, completion of the Barra Do Dande Ocean Terminal is on track for July 2024, supporting the country’s oil industry while contributing to the government’s stated goal of locally processed oil meeting up to 10% of domestic fuel demand.

“Sonangol truly represents an integrated energy company of the future. From operating as an NOC, the company has gradually transformed itself into a competitive energy player and continues to make great strides towards unlocking the true potential of Angola’s energy resources. Sonangol has shown how NOCs can be used to drive large-scale development, mobilize sizeable investments and usher in a new era of sustainable energy projects in Africa,” states African Energy Chamber Executive Chairman NJ Ayuk.

AEW: Invest in African Energy 2024 serves as a nexus for global leaders, stakeholders, governments and energy companies to converge, discussing Africa’s burgeoning projects, strengthening partnerships and finalizing new deals. With its comprehensive program, the conference will showcase Africa’s diverse energy industry, providing invaluable insights and opportunities for all participants. For more information about how you can get involved, visit www.AECWeek.com.

Distributed by APO Group on behalf of African Energy Chamber.

Ugandan firm DOTT SERVICES (https://www.DOTTServices.biz) has just flagged off its 3.8 km town roads project for motorists in Mbale City. The project is DOTT’s sixth among the others covering over 13km roads delivered in the towns of Mbale, Tororo, Soroti and Busia under the Uganda Support to Municipal Infrastructure Development (USMID) initiative, which launched in 2013 and expanded in 2019 with additional financing. Residents in Mbale join those in Soroti, Tororo, and Busia benefiting from the rollout of new dual-carriageway roads, modern drainage systems, all-weather pedestrian walkways, and solar street lighting.

First phase upgrades in Mbale – and completed projects elsewhere – have already begun to yield results for local residents and businesses. Road safety has improved with proper lighting and drainage, while the latter has also greatly boosted urban sanitation. There is also set to be an economic boom as improved, illuminated roads benefit commerce in central Mbale – including at night – and transporters travelling further afield through the city. Similar projects elsewhere have spurred economic opportunities for the community, attracting investment and increasing returns on trade.

Uganda’s 2020-25 National Development Plan emphasizes the priority of encouraging business and investment across the regions. It also underscores infrastructure quality and linkages as especially important. The country’s climate pledges under its Nationally Determined Contribution highlight the importance of solar power as an alternative energy source, as well as energy-efficient lighting. The Mbale project is therefore fully aligned with Uganda’s development priorities.

While works are wrapped up in Eastern Uganda, financing from the Organization of the Petroleum Exporting Countries (OPEC) and Arab Bank for Economic Development in Africa (BADEA) are facilitating development in the Central Region of Uganda, for the construction of the Luweero-Butalangu Road by the same local contractor, DOTT SERVICES. Meanwhile, in a change of tack, Afreximbank is backing DOTT’s construction of the NYAGAK III hydropower project in Paidha, a public-private partnership with the Uganda Electricity Generation Company. Once fully operational the dam will supply 6.6 MW to the grid, boosting electrification of homes and industry in the north.

DOTT SERVICES continues to demonstrate to communities and development partners alike that Ugandan firms are prepared to execute increasingly complex development projects – all to the benefit f the nation.

Distributed by APO Group on behalf of DOTT Services Ltd.

Media contact:
Connor Vasey
connor.vasey@jsheld.com

About DOTT SERVICES Limited:
DOTT SERVICES was established in Uganda in 1994 and has grown its investments to USD 200 million. The concept and strategy of the company is to be known as a reliable Engineering Infrastructure Service Provider supportive of government priorities. This endeavour has propelled the firm into the opportunities in Infrastructure, Energy, and Mining. DOTT SERVICES has grown from its operations in Uganda and is now a global player in Tanzania, India, Zambia and South Sudan. For more information: https://www.DOTTServices.biz.

About Africa Matters Limited, a part of J.S. Held:
Established with the aim of supporting investors and companies operating in Africa, internationally, Africa Matters Limited is a strategic advisory firm at the forefront of promoting the continent as a place in which commercial activity could result in both attractive financial returns and a positive development impact. For more information: https://AfricaMatters.com.