Seventeen Ministers from Africa’s largest energy producing nations, including countries such as Nigeria, Equatorial Guinea and Tunisia among others will meet in Cape Town, South Africa at Africa Oil Week (AOW)), taking place from November 4-8, 2019 to broker new partnerships for their energy sectors.
Eng. Irene Muloni, Uganda’s Minister of Energy and Mineral Development is among the ministers listed and is expected to address delegates on opportunities available in the country’s energy sector. Last year Uganda hosted a roadshow in Cape Town at AOW to showcase the country’s “proven oil and gas reserves which constitutes close to 12 percent of world oil production. This year she will be expanding on this theme with an update on the country’s most recent petroleum exploration project.
Government has revised the amount of crude oil so far discovered to six billion barrels, down from 6.5 billion barrels. Of the six billion barrels, the amount recoverable has also been put at 1.4 billion barrels, down from the initial range of between 1.7 and 1.9 billion barrels. Uganda’s first oil production is expected in the year 2022.
Meanwhile, the ministers will be using AOW Summit as a platform to discuss national strategies, sovereign competitiveness, issue licences and finalise tenders. With pressure growing on Sovereigns to develop attractive operating environments, the ministers will be detailing their hydrocarbon strategies to an audience of over 1500 senior executives from the entire upstream value chain, including National Oil Companies (NOCs) and International Oil Companies (IOCs), independent operators, the Geoscience community, Service Companies and engineering, procurement and construction companies (EPC) s and the investment community.
Other ministers expected to attend are;
Slim Feriani, Minister of Energy for Tunisia, who will be joining the government speaker line-up for the first time in AOW’s history. Though Tunisia is well known for oil production, Feriani recently announced that the nation is planning to double its gas production this year from 35,000 barrels of oil equivalent to 65,000 when the southern Nawara gas field comes onstream in June. He will be providing more details on the status of Tunisia’s oil and gas resources at AOW 2019.
Gabriel Mbaga Obiang Lima, Minister of Mines, Industry & Energy for Equatorial Guinea. Famous for its offshore crude oil fields, Equatorial Guinea produces roughly 13.5 million tonnes of crude oil per year, with 149 million tonnes recoverable oil reserves. Catch this session at AOW to learn more about the country’s attractive policy and regulatory environment for the energy sector.
Dr Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources, Nigeria. Nigeria is Africa’s largest oil producer and exporter; however it also has large gas reserves up for development, attracting interest from local operators such as Seplat and Oando who are sponsoring Africa Oil Week in 2019. Don’t miss updates from the minister on Nigeria’s most exciting exploration projects and policy developments.
Alongside those already mentioned, ministers from South Africa, Republic of Congo, Central African Republic, Djibouti, Burkina Faso, Guinea, Gambia, Mali, Zambia, Rwanda and Chad will also be speaking at the event.