Expected to launch 17 oil and gas projects during the period 2023-2027, Ghana is bolstering its oil and gas industry through new deepwater drilling campaigns and a $60-billion petroleum hub project. Recently-appointed Ghana National Petroleum Corporation (GNPC) CEO Joseph A. Dadzie will speak on the country’s efforts to drive production increases, grow domestic refining capacity and build a diversified national energy economy at African Energy Week: Invest in African Energy 2024 in Cape Town this November.  

Ghana’s upstream oil and gas sector is currently experiencing revitalized growth, driven by new onstream projects set to enhance the country’s oil production capacity, tap into new reserves​ and reverse declining output. Key projects include Tullow Oil’s deepwater Jubilee Field, which aims to bring onstream three new producer wells and two water injectors this year. Two producer wells have already come online, increasing the field’s production to more than 100,000 barrels per day (bpd). The ultra-deepwater Pecan Phase 1A Upstream Project – led by GNPC, Aker Energy and Lukoil, among other partners – is currently in approval stage and expected to start commercial production in 2025. Additionally, the Ntomme Far West Development is currently in the pre-feasibility stage, with progress made towards drilling the first well.

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.

Ghana’s downstream oil and gas sector is also expanding significantly, with key infrastructure projects such as the $700-million gas processing plant at Atuabo and the $380-million Tema VI Liquids Storage Terminal enhancing the country’s refining and storage capacities. Moreover, the government of Ghana finalized agreements in June 2024 to develop the initial phase of the first integrated downstream petroleum hub in West Africa. To be funded by the TCP-UIC private-sector consortium, the multi-phase project includes three refineries, five petrochemical plants, storage tanks, jetties, a port and associated LNG and logistics infrastructure. The development supports Ghana’s plans to become the premier destination for energy trading in West Africa. The country signed agreements with Senegal and The Gambia in July 2024 to increase the export of petroleum products, expanding its network that already includes Mali, Niger, Burkina Faso, Ivory Coast and Togo.

Meanwhile, GNPC has been pivotal in advancing local content within Ghana’s oil and gas sector, aiming to maximize the participation of Ghanaian businesses and professionals in the industry. The NOC has actively supported the development of local skills and capacity through partnerships with educational institutions and specialized training programs. In May 2024, GNPC Foundation opened applications for its 2024/2025 local scholarship program, which targets undergraduate and postgraduate students pursuing degrees in Ghana. Additionally, GNPC’s efforts include collaborations with IOCs to ensure technology and knowledge transfer, further embedding local expertise into the sector and directly addressing the skills gap in the industry.

“GNPC’s participation at AEW 2024 will shed valuable insight into Africa’s energy future, as Ghana represents one of the most historic producers on the continent. With new deepwater and ultra-deepwater projects in the pipeline – in addition to the multi-billion-dollar petroleum hub initiative – GNPC will enhance discussions on energy security, local content and sustainable growth for stakeholders looking to invest in African energy,” said NJ Ayuk, Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

On the back of new discoveries in both frontier and proven basins and accelerated project rollout, Africa’s oil and gas market is projected to grow by more than 5.5% a year until 2027. Rising global demand and efforts to advance energy access and fuel security in Africa have seen a strong wave of investment flow towards oil, gas and clean energy projects, affirming the potential of the market.  

Amid growing global interest in African energy, a slate of national oil companies (NOC) and regulators have joined the African Energy Week (AEW): Invest in African Energy conference – taking place November 4-8 in Cape Town. NOCs from South Africa, Namibia and Algeria will be joined by a number of international oil companies, independent E&P firms and clean energy organizations as they converge in Cape Town to sign deals and advance projects.  

For more information about AEW: Invest in African Energy’s 2024 speaker lineup, visit  https://apo-opa.co/3WRnRUW

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 (https://apo-opa.co/3WKHqyp) for more information about this exciting event.  

Progressive reform across Africa’s NOCs continues to be made as countries strengthen the competitiveness and operational capacity of their state-owned institutions. In tandem with aggressive developments plans, reforms are enabling NOCs to fast-track projects. At the same time, energy ministries across the continent are making strides towards improving the investment climate for foreign participation. During AEW: Invest in African Energy 2024, NOCs and energy ministries will unpack how these strategies are driving projects forward. Speakers include:  

Bernard Magoro, Head: IPPO Office, Eskom 
Bheki Nxumalo, Executive: Generation, Eskom 
Bongani Sayindini, COO, Petroleum Agency of South Africa 
Humphrey Asiimwe, CEO, Uganda Chamber of Mines and Petroleum 
Mourad Beldjehem, President, Algeria’s National Agency for the Valorization of Hydrocarbon Resources  
Ntokozo Nzimande, DDG: Mining, Mineral and Energy Policy Development, Department of Mineral Resources and Energy, South Africa 
Segomoco Scheppers, Executive: Transmission, Eskom 
Thabang Audat, Chief Director: Planning, Department of Mineral Resources and Energy, South Africa 
Victoria Sibeya, Executive Exploration Upstream, NAMCOR 

Amid regulatory reform across Africa, a strong lineup of IOCs and independent E&P firms are strengthening their presence across the continent’s energy markets. ReconAfrica spud the Naingopo exploration well on PEL 73 in Namibia last month while Kosmos Energy aims to increase its production two-fold by the end of 2024. During AEW: Invest in African Energy 2024, representatives from upstream oil and gas companies will provide projects updates as well as insight into future campaigns. Speakers include:  

Andrea Lovatini, Director: Exploration Data and Geosolutions, SLB 
Babajide Agunbiade, CEO, Alpha Energy Resources 
Brian Reinsborough, Vice President and CEO, ReconAfrica 
Chris Sembritzky, SVP Exploration, ReconAfrica 
Fidel Envo, VP and Country Manager, Kosmos Energy 
Gianni Gaspar-Martins, Managing Director, Alfort Petroleum 
Ismail Sid Ahmed, VP and Country Manager, Kosmos Energy 
Joe Mensah, SVP and Head of the Ghana Business Unit, Kosmos Energy 
Julien Vuillemet, General Manager, Trident Energy 
Lanre Kalejaiye, SVP, ND Western Limited 
Mike Anderson, SVP, Sustainability and External Affairs, Kosmos Energy 
Nick Mitchell, COO, Renergen 
Robert Bose, CEO, Sintana Energy Inc 
Scott Macmillan, Managing Director and Founder, Invictus Energy 
Todd Niebruegge, SVP and Head of Mauritania&Senegal Business Unit, Kosmos Energy 
Uduakobong Equere, General Manager, Commercial and Corporate Development, Petralon Energy 

Notwithstanding oil and gas developments, Africa’s clean energy market has also seen robust activity in recent months. Efforts to accelerate the energy transition while enhancing electrification in both grid-connected and off-grid areas have seen projects kick off in the power generation, transmission and distribution industries. Clean energy companies will provide further insight into project portfolios and promising investment opportunities during the AEW: Invest in African Energy 2024 conference. Speakers include:  

Chris Bellingham, Head of Project Development: Wind&Solar, JUWI 
James Cumming, General Manager, African Clean Energy Development 
Johnson Akinyemi, General Manager, Projects, Green Energy International Limited 
Margaret Mutschler, Project Director, CWP Global 
Pakinam Kafafi, CEO, TAQA Arabia 

There is still time to register your participation at the biggest energy event in Africa. Visit (https://apo-opa.co/3WKHqyp) or contact register@aecweek.com to secure your place at this highly-anticipated event.  

Distributed by APO Group on behalf of African Energy Chamber.

Nigerian oil and gas company UTM Offshore is advancing to the Engineering, Procurement, Construction, Installation and Commissioning phase of its FLNG project in Nigeria. The project – the first FLNG facility to be developed by a local player – has a planned capacity of 1.5 million tons per annum as well as 176 million cubic feet of natural gas and condensate and 300,000 tons of LPG. With a mission to become a leading global provider of FLNG solutions, UTM Offshore is setting the pace in offshore gas monetization in West Africa.

UTM Offshore CEO Julius Rone has joined the African Energy Week (AEW): Invest in African Energy conference – taking place November 4-8 in Cape Town – as a speaker. During the event, Rone will unpack the role FLNG plays in enhancing fuel security, strengthening revenue generation while facilitating a transition to a clean, gas-based energy future 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 http://www.AECWeek.com for more information about this exciting event.

UTM Offshore plans to make FID on its Nigerian FLNG facility in 2024. The company signed a Heads of Agreement with Nigeria’s state-owned Nigerian National Petroleum Company (NNPC) in 2023, laying out the terms of the NNPC’s 20% equity contribution to the project. Set to be complete by 2026, the FLNG facility features an integrated model that prioritizes both exports and the domestic utilization of gas resources. In addition to equity terms, the NNPC agreement outlines a pathway for ensuring LPG is produced for the domestic market. As such, the project is expected to enhance domestic fuel security while reducing the reliance on wood-fired fuel solutions.

In addition to energy supplies, the UTM Offshore-FLNG project serves as an important infrastructure solution that aligns with the country’s energy transition goals. The project aims to monetize currently-flared gas resources from the offshore Yoho Field, producing LNG, LPG and condensate. As such, the facility not only unlocks a new energy source through the monetization of flared gas but reduces the Yoho Field’s greenhouse gas emissions in line with environmental targets. Meanwhile, the FLNG project goes beyond energy and environmental benefits to create tangible opportunities for local business and communities. The project is estimated to provide up to 3,000 direct employment opportunities and 4,000 indirect employment opportunities while LPG supplies are anticipated to reduce the cost of cooking gas in the country.

Beyond the FLNG project, UTM Offshore specializes in the sale and purchase of Nigerian crude oil; marine logistics and support services; product pipeline services; and dredging services. Key projects spearheaded by UTM Offshore include the construction of a floating barrier in Lagos, Nigeria to improve security and marine logistics; the dredging of engineering and drilling company Saipem’s third jetty in the Port Harcourt Base; security patrol services to major IOCs in Nigeria, and more.

“With the largest natural gas resources in Africa, Nigeria stands to rapidly enhance its production and export capacity through the utilization of FLNG solutions. Leading the charge in this industry is UTM Offshore, a Nigerian oil and gas company that is setting a strong benchmark for its regional counterparts. UTM Offshore’s FLNG facility in Nigeria will not only be the first developed by an indigenous company but will accelerate the country’s energy transition through the monetization of offshore gas,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

During the AEW: Invest in African Energy conference, Rone will provide a project update on the planned FLNG facility, detailing the role floating liquefaction plays in Africa and the project’s impact on the Nigerian energy industry. In addition to his participation in panel discussions, Rone’s engagement with global and regional stakeholders will open new pathways for collaboration across the gas industry.

Distributed by APO Group on behalf of African Energy Chamber.

Marine infrastructure operator Golar LNG recently signed a milestone deal to develop a floating LNG (FLNG) facility in Nigeria, bolstering the country’s gas commercialization efforts. Driving technology and innovation in the sector, Golar LNG CEO Karl Fredrik Staubo will discuss the company’s latest projects and role in monetizing Africa’s gas resources at the African Energy Week: Invest in African Energy 2024 conference this November.

Golar LNG represents one of the largest independent owners and operators of marine-based LNG midstream infrastructure globally. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation for the deployment of an FLNG facility offshore Niger Delta. With a capacity of 400-500 million standard cubic feet per day, the facility will produce LNG, LPG and condensate, monetizing proven gas reserves within the country’s shallow water acreage. With FID targeted by the end of 2024, first gas production is expected by 2027. In February 2024, the Gimi FLNG vessel – owned and operated by Golar LNG – arrived on site at the Greater Tortue Ahmeyim (GTA) LNG development in Senegal and Mauritania, set to process over 400 million standard cubic feet of gas daily and representing a major project milestone.

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.

Golar LNG is widely recognized for its innovation in Africa’s gas sector – notably, through the Hilli Episeyo FLNG vessel, which operates offshore Cameroon and represents Africa’s first FLNG unit to be converted from an existing LNG carrier, with a production capacity of 2.4 million tons per annum (MTPA). In addition to transforming Cameroon into a regional gas exporter, the vessel showcased Golar LNG’s capability in pioneering offshore gas monetization and celebrated the offloading of its 100th LNG cargo last October. Golar LNG’s work in Africa emphasizes modular, flexible LNG solutions that can be quickly deployed, reducing lead times and capital expenditure compared to traditional onshore LNG facilities.

“Golar LNG is playing a decisive role in scaling up gas commercialization across the continent, from pioneering groundbreaking FLNG solutions in Cameroon to monetizing untapped, shallow water resources in Nigeria. With gas at the heart of Africa’s energy transition, Golar LNG will help drive discussions at AEW 2024 on flexible, low-cost and fast-tracked LNG solutions that can succeed in a low price environment,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

Africa’s LNG sector is experiencing significant growth, driven by major investments and strategic projects across the continent. Key additions to production capacity include Mozambique’s Area 1 LNG project, poised to produce 12.88 MTPA upon completion; Nigeria’s NLNG Train 7 project, expected to boost the country’s LNG production capacity by 35% to 30 MTPA; Senegal and Mauritania’s GTA project, set to deliver 2.5 MTPA in its first phase; and Tanzania’s LNG export project, which plans to develop a 10 MTPA facility. During the conference, Staubo is expected to discuss strategies for securing financing for LNG facilities, enhancing infrastructure and navigating above-ground challenges to ensure successful and on-time project delivery.

Distributed by APO Group on behalf of African Energy Chamber.