Africa’s key oil and gas territories are making big announcements at Africa Oil Week

1,006FollowersFollow

As ever, Africa Oil Week will be the place for major national roadshows in the oil & gas sphere. 30 ministries are taking part this year, with over 20 presenting. This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more – direct from the companies and government intimately involved in leading them.

Here are some highlights of the National Roadshows and Bidding Rounds happening this year.

National Roadshows at Africa Oil Week 2019

Sierra Leone

Sierra Leone will be announcing details of a new bidding round at Africa Oil Week 2019.

Led by the Minister of Mineral Resources Hon. Foday Rado Yokie and Timothy Kabba, Director General of the Petroleum Commission of Sierra Leone, and supported by Jonathan Copus, CEO of Getech, the nation’s delegation will be announcing the opening of a fresh round of exploration rights.

Only eight wells have been drilled there since 1982, with the latest coming from Lukoil in 2013, following three wells drilled by Anadarko (now Occidental) in 2009, 2010 and 2012.

Cameroon

The world of African oil & gas legislation requires closer scrutiny as new changes emerge. Cameroon is one nation that has recently made changes to its Petroleum Code.

Jean-Jacques KOUM, Advisor for SNH will present on how these changes will provide greater scope for operators, investors and the wider finance community to find new ground in Cameroon.

One of the key changes is tax holiday for oil and condensate development, and a further seven years for gas development. What’s more, production sharing contracts (PSCs), can be modified to allow companies to recuperate “exploration expenses” from production based on Cameroonian on or offshore acreages.

Somalia

The Horn of Africa is open for business. Somalia’s Petroleum Law and Revenue Sharing Agreement entered force in May 2019. The nation also unveiled its inaugural offshore licensing round.

Keynote speaker Hon. Abdirashid Mohamed Ahmed, Somali Minister of Petroleum and Mineral Resources, will lay out the future of Somali oil & gas for an international audience of financiers and operators this November.

“This year is a landmark year in the development of Somalia’s natural resources,” Minister Ahmed said. “The Ministry has worked successfully with the federal member states to create and equitable and transparent framework to develop natural resources for the greater good of Somalia.”

Nigeria

No continental hydrocarbons summit would be complete without representatives from Africa’s largest oil producer. Hon. Timipre Marlin Sylva and Melee Kolo Kyari, GMD, NNPC will be leading the Nigerian delegation, and Bala Wunti, Group General Manager, Corporate Planning and Strategy, NNPC, is on hand to give the latest updates and opportunities from Nigeria.

Nigeria continues to attract significant international attention. According to the NNPC, China is emerging as one of its key partners. Data from the NOC reveals that Chinese investments in Nigeria’s oil sector have reached $16bn.

Even so, the nation is aiming at 70% indigenous participation in oil & gas projects by 2027, so there’s a lot of interest in how Nigeria’s hydrocarbons sector will develop in the coming years.

Mozambique

Mozambique represents 23% of all future African capEx, making it the second largest recipient of investment anywhere in the continent going forward. In particular, natural gas projects are set to receive a major boost – up to a potential $50bn in capital expenditure.

Following on the from the success of significant large-scale projects like Anadarko’s $20bn Mozambique LNG project, players from across the globe are turning towards Mozambique with great interest. A proposed $5bn EXIM bank loan to fuel further development is only making the nation more attractive for investors.

Forming part of the Africa Oil Week 2019 National Roadshow programme is a look at Mozambique and the promise it holds for international players. Two of the key individuals helping transform Mozambique’s oil & gas industry into something truly world class are speaking at Africa Oil Week this year. Chairman of the INP, the National Petroleum Institute, Carlos Zacharias will be there to discuss his country’s ongoing development, alongside NOC ENH’s CEO Omar Mithá.

Today News Africa
Today News Africahttps://todaynewsafrica.com
TODAY NEWS AFRICA is registered and headquartered in Washington, District of Columbia, United States of America. Our publication is widely read, respected and influential. By providing daily answers to questions our readers have about the people, the businesses and the continent of Africa, we are reaching a diverse and wide audience from around the world. Our readers, many of them world leaders, trust us because we are independent and truthful. Our advertisers understand the difference between news, views and ads. Contact us: contactus@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

U.S. calls for independent probe into massacres in Tigray region in Ethiopia

The United States government on Thursday called for an independent investigation following massacres in the Tigray region in Ethiopia.The United States said the investigation...

U.S. government has no evidence WHO director general Tedros Adhnom Ghebreyesus is backing Tigray rebels

The United States government on Thursday indicated that it did not have any evidence the director general of the World Health Organization (WHO) Tedros...

As COVID-19 kills a quarter million Americans, Trump plays bad golf, tweets many lies, whines over election loss and obstructs Joe Biden

President Donald Trump spends time playing bad golf, tweeting many election fraud lies and obstructing President-elect Joe Biden, at a time when a quarter...

Ethiopia baselessly accuses WHO director general Tedros Adhnom Ghebreyesus of backing Tigray rebels

Ethiopia's military on Thursday baselessly accused the director general of the World Health Organization (WHO) Tedros Adhnom Ghebreyesus of supporting Tigray's rebels.The military claimed...

Trump campaign files appeal after Judge called legal claim in Pennsylvania “Frankenstein’s Monster” before dismissing it

President Donald Trump’s legal team on Sunday filed an appeal to a federal judge’s ruling that dismissed his campaign's effort to block the certification...

Biden to National Governors Association’s executive committee: “I will be your partner in the White House”

U.S. President-elect Joe Biden told the National Governors Association's executive committee on Thursday he will be their partner in the White House against the...

Full transcript: U.S. details position on Tigray region crisis in Ethiopia

Below is the full transcript on the press briefing with Assistant Secretary for African Affairs Tibor P. Nagy and U.S. Ambassador to Ethiopia Michael...

Linda Thomas-Greenfield: “America is back. Multilateralism is back. Diplomacy is back.”

Linda Thomas-Greenfield, who has been nominated by President-elect, Joseph R. Biden Jr., to serve as the United States Ambassador to the United Nations, on...

Biden says he opposes guarded border between Ireland and Northern Ireland

U.S. President-elect Joseph R. Biden Jr. on Tuesday said he opposed a guarded border between Ireland and Northern Ireland.Mr. Biden spoke briefly with reporters...

Biden says he’s ready to meet with Trump if asked, has not yet received intel briefings

U.S. President-elect Joseph R. Biden Jr. on Tuesday said he was ready to meet with outgoing President Donald J. Trump if asked.“Of course I...

Black media highlight selection of Thomas-Greenfield and Shuwanza Goff in Biden-Harris administration

President-elect Joe Biden on Monday announced several historic nominations and appointments to key cabinet and White House posts, including two black women and several...

Incoming U.S. Secretary of State Antony Blinken indicates Trump’s “America First” policy is over

President Donald Trump's "America First" policy is over, incoming U.S. Secretary of State Antony Blinken indicated on Tuesday.In his acceptance speech in Wilmington, Delaware,...

Biden: America is back, ready to lead the world

U.S. President-elect Joseph R. Biden Jr. on Tuesday introduced key members of his foreign policy and national security team in Wilmington, Delaware, saying "America...

In their own words: Read full remarks by national security and foreign policy nominees and appointees

Remarks as Prepared for Delivery by Nominee for Secretary of State, Antony Blinken in Wilmington, DelawarePresident-elect Biden, Vice President-elect Harris: thank you for your...

Linda Thomas-Greenfield: “America is back. Multilateralism is back. Diplomacy is back.”

Linda Thomas-Greenfield, who has been nominated by President-elect, Joseph R. Biden Jr., to serve as the United States Ambassador to the United Nations, on Tuesday, delivered, perhaps, what was one of the strongest messages that echoed in many capitals around the world, a striking difference between the outgoing administration of Donald J. Trump, and the incoming Biden government."America is back. Multilateralism is back. Diplomacy is...
error: Alert: Content is protected !!
Share
WhatsApp
Tweet
Pin
Share