As part of the African Energy Chamber’s Invest in African Energy reception in Dubai on Thursday – representing the fourth stop on the Chamber’s global investment tour – a panel discussion was held to unpack the latest developments, trends and opportunities within Africa’s shifting exploration and production (E&P) landscape.
The African Energy Chamber (AEC) (http://www.EnergyChamber.org) united financiers and energy stakeholders from the UAE, Middle East and Africa during its Invest in African Energy reception in Dubai on Thursday, aimed at cementing deeper, longer-term and mutually beneficial relations between the two regions and advancing shared interests in diversification, energy security and infrastructure development.
Africa Oil Corp has signed two production sharing contracts (‘PSCs’) with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31.
The United Nations Development Programme (UNDP) and the Federal Government of Somalia have launched the Africa Minigrids Program (AMP) in the country.
With over 125 billion barrels of crude oil reserves and 620 trillion cubic feet of natural gas – estimates that are expected to further increase as multi-year exploration campaigns yield new discoveries – Africa is well-positioned to usher in long-term and sustainable economic growth on the back of hydrocarbon development.
Cementing Africa’s upstream revival, 2023 will see the launch of several multi-well drilling campaigns across the southern and western parts of the continent.