South Africa, Angola, Senegal and Equatorial Guinea Set to Launch Investment reports on Oil and Gas

 

Four African countries are set to launch investment reports on their oil and gas sector with aim to attract the right investors and quality investment in their emerging petroleum industry. Aside Angola and Equatorial Guinea, South Africa and Senegal, being new comers in the industry want to leverage on the knowhow of the traditional oil giants in the continent to promote their oil industry. The reports will be contained in the Africa Oil & Power’s (AOP) Africa Energy Series (AES) reports set for launching at the 2019 AOP conference which comes up from 9th to 11th of October, in Cape Town South Africa.

Nelisiwe Magubane, Chairman, Matleng Energy Solutions
Nelisiwe Magubane, Chairman, Matleng Energy Solutions

It is expected that ministers from South Africa, Senegal, Angola, and Equatorial Guinea will present the country-specific investment reports throughout the three-day conference; all delegates attending AOP 2019 will receive a copy of the AES reports says Nelisiwe Magubane, Chairman, Matleng Energy Solutions. Other organizations that will participate at the event are Power Africa Increasing Electricity Access, Gas Mega Hub Equatorial Guinea, Standard Bank Mozambique LNG FID. Moreso Adewale Fayemi, Managing Director, Total E&P South Africa will receive the Big Five Energy awards at the event.

Read also: Centurion CEO speaks to Chinese Oil and Gas Investors on African opportunities

The Africa Oil & Power’s (AOP) Africa Energy Series (AES) investment reports provides a broad outlook on the energy sectors of South Africa, Angola, Senegal and Equatorial Guinea, the AES investment reports are a compilation of resources, articles and interviews with key industry players examining the potential and challenges in each country’s petroleum industry.

The investment reports are a vital resource for investors entering or expanding their presence in the continent’s energy sector. Covering both macro and micro-dynamics, the AES reports are one of the few holistic and informed resources available for an otherwise information scarce industry. H.E. Gwede Mantashe, South Africa’s Minister of Mineral Resources and Energy, will launch the South Africa report on the first day of the AOP conference, followed by H.E. Mouhamadou Makhtar Cisse, Senegal’s Minister of Petroleum and Energy who will present the report on Senegal, which has been endorsed by H.E Macky Sall, President of Senegal as “the official publication documenting the immense investment opportunities within our oil and gas sector and within our country.”

Read also: African Development Bank and South Sudan Recruit Pan-African Centurion Law Group to Strengthen Capacity in the Oil & Gas Sector

Showcasing the country’s energy industry, the AES: Angola report will be launched on the second day of the three-day conference. Endorsing the report, the country’s President H.E. João Manuel Gonçalves Lourenço said: “At a time when our country stands resolute in its efforts to attract investment and promote partnership in all segments of the energy value chain, it has never been more critical to showcase the vision that our country has for its petroleum and gas industry to the rest of the world,”

Adding that, “I am honored to present the Africa Energy Series: Angola 2019 report as an official publication exploring the past achievements, future endeavors and untold investment opportunities present in our ever-growing oil and gas industry.”

H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea will present the AES: Equatorial Guinea 2019 report, which has been embraced by the country’s President, H.E. Teodoro Obiang Nguema Mbasogo as a means to honor the contributions of individuals, organizations, government and the private sector who have remained committed to the country’s development.

“I am delighted to present the Africa Energy Series: Equatorial Guinea 2019 report as the official publication documenting the Year Of Energy and detailing the oil and gas achievements of this country,” said President Mbasogo, while endorsing the country’s second AES investment report. The conference will be opened by keynote speakers H.E. Macky Sall, President of Senegal; Minister of Mineral Resources and Energy of South Africa, H.E. Gwede Mantashe, Minister of Mines and Hydrocarbons of Equatorial Guinea, H.E. Gabriel Mbaga Obiang Lima, and NJ Ayuk, Executive Chairman of the African Energy Chamber.

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

African Development Bank and South Sudan Recruit Centurion Law Group to Strengthen Capacity in the Oil & Gas Sector

African Development Bank

Following an open tender and a highly competitive international bidding process, the African Development Bank through its African Legal Support Facility (“ALSF”) and the National Petroleum and Gas Commission, representing the government of the Republic of South Sudan, selected the Centurion Law Group to build capacity in the Republic of South Sudan’s oil and gas sector.

The project is a result of the ALSF’s commitment to foster legal and technical best practices and transparency across South Sudan’s oil & gas value chain. It will focus on providing specialized capacity building training to officials from the National Petroleum and Gas Commission, including the development of best practice procedures for the negotiation, evaluation, and monitoring of contracts in the oil and gas sector.

As South Sudan continues to increase oil production – its most important export commodity – and attract foreign investment into its oil & gas sector, this project will enhance the National Petroleum and Gas Commission’s ability to fully exercise its functions as a regulator and a facilitator in the oil sector.

African Development Bank
 

As per the South Sudan Petroleum Act of 2012, the National Petroleum and Gas Commission notably provides general policy direction with respect to petroleum resources, acts as a supervisory body in matters relating to petroleum resource management, approves all petroleum agreements on behalf of the Government and ensures that they are consistent with the Act.

“The National Petroleum and Gas Commission is a key institutional pillar of South Sudan’s oil & gas sector,” declared Hon. Caesar Oliha Marko, Chairperson of the Commission. “We are delighted to be working with a reputable firm like Centurion to enable our country’s oil industry to meet its obligation to our citizens and investors. Building capacity is key to us ensuring that we deliver on the promise of making oil work for everyone in South Sudan”.

The project will notably focus on reviewing South Sudan’s existing legal and fiscal framework and ensure the transfer of skills and know-how to the government’s representatives and experts.

“It is a real honor to have been selected for this project with the Petroleum Commission,” declared Nj Ayuk, CEO of the Centurion Law Group. “Local content development and domestic capacity building are at the core of everything we do as a firm. We take this project as a unique opportunity to contribute to the development of South Sudan and Africa’s oil industry in general. We are grateful to the African Development Bank and the Republic of South Sudan for entrusting us with this responsibility.”

“As a team, we truly believe in the role the National Petroleum and Gas Commission has in shaping the future of South Sudan’s oil & gas sector,” said Glenda Irvine-Smith Centurion’s Director of Business Development & International Relations, who will coordinate the project on behalf of Centurion.

“South Sudan in East Africa’s most mature petroleum province with the potential to double its current output of over 150,000 b/d in the next five years. Through CenturionPlus, our lawyers and experts on-demand platform, we will mobilize the best African and international experts for the benefit of South Sudan. We are honored to have been entrusted by the Commission and the African Development Bank to accompany South Sudan in this journey.”

 

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

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