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African Energy Week (AEW) 2021 in Cape Town, fully endorsed by the Government of South Africa, is committed to accelerating Africa\u2019s energy growth with the aim of establishing a secure and sustainable energy future for every individual on the continent. Accordingly, AEW 2021 firmly believes in the role that oil and gas will continue to play in Africa and will emphasize the continent\u2019s upstream market through a collaborative, International Oil Company (IOC) forum. Led by IOC executives, as well as government representatives from notable energy markets in Africa, the IOC forum aims to address the upstream challenges faced in Africa, providing solutions and strategies to drive exploration and make Africa more competitive for investment.<\/p>\n<\/p>\n
With the discovery of sizeable oil and gas reserves across the continent in recent years, regional and international explorers are turning an eye to the world\u2019s final frontier market \u2013 Africa. Nigeria\u2019s 200 trillion cubic feet (tcf) of gas reserves and 37.2 billion barrels of oil (bbl); Mozambique\u2019s 11 tcf of gas; Senegal\u2019s 450 billion cubic meters of gas; Libya\u2019s 48 billion bbl and 53.1 tcf; and Egypt\u2019s 77.2 tcf of gas have all made Africa the ideal destination for hydrocarbon exploration. What\u2019s more, with many African countries making significant steps to enhance their regulatory environments, implementing legislation to create an enabling environment for investment, the continent has become a highly competitive market for exploration and production. Nigeria\u2019s recently implemented Petroleum Industry Bill, Gabon\u2019s new Hydrocarbon Code, and Angola\u2019s inclusive petroleum regulation, to name a few, have all ensured a competitive and highly attractive market.<\/p>\n
With the world\u2019s six oil \u2018supermajors\u2019 \u2013 BP, Chevron, Eni, ExxonMobil, Royal Dutch Shell and TotalEnergies \u2013 all actively present in mature and emerging markets across Africa, the continent has become an upstream hotspot. AEW 2021 aims to accelerate this trend, promoting new upstream opportunities and ensuring both National Oil Companies (NOC) and IOCs drive the continent into a new era of energy and economic success. Accordingly, Africa\u2019s premier energy event will host an upstream-dedicated IOC forum in Cape Town, led by IOC executives and government representatives. The IOC forum aims to address key challenges in Africa\u2019s upstream market, whereby the diverse speaker panel will offer up solutions to expand exploration and production, while ensuring the continent remains competitive for investment in a post-COVID-19, energy transition era.<\/p>\n
In addition to the discussion on upstream activities, the forum aims to highlight the role of IOCs in enhancing capacity building, whereby emphasis will be placed on IOC-NOC collaboration. IOCs have a critical role to play in Africa, not only regarding resource development, but human capital and local business development. In order for the continent to become truly sustainable and competitive, NOCs require support from IOCs. Accordingly, the forum aims to identify strategies to enhance cooperation and partnerships, with IOCs taking the lead in Africa\u2019s energy development.<\/p>\n
\u201cAEW 2021 in Cape Town will offer a real discussion on Africa. Oil and gas are critical in Africa\u2019s development and the African Energy Chamber (AEC) will not succumb to the misguided narrative that Africa should abandon its potential. The IOCs in Africa have demonstrated the continent\u2019s potential, and by sharing strategies to enhance growth, address challenges, and accelerate upstream activities, they will be key drivers in Africa\u2019s energy future. The IOC forum will not only offer a description of African reserves, but will provide clear, attainable solutions to exploitation, exploration and production with the aim of using energy to enact stronger economic growth. By coming to Cape Town, attending the IOC forum, and interacting with African ministers from across the continent, you will be able to be a part of Africa\u2019s energy transformation,\u201d stated NJ Ayuk, Executive Chairman of the AEC.<\/p>\n
Distributed by APO Group on behalf of African Energy Chamber.<\/i><\/p>\n
For more information on AEW 2021\u2019s insightful IOC forum, and for information about Africa\u2019s premier energy event, visit www.AEW2021.com or EnergyChamber.org and\/or email Amina Williams at amina.williams@energychamber.org<\/p>\n
For registration-related inquiries, please contact registration@aew2021.com\u00a0\u00a0
\nFor sales-related inquiries, please contact sales@aew2021.com\u00a0
\nFor media-related inquiries, please contact media@aew2021.com\u00a0
\nFor speaker-related inquiries, please contact speakers@aew2021.com<\/p>\n
Source<\/a> African Energy Week (AEW) 2021 in Cape Town, fully endorsed by the Government of South Africa, is committed to accelerating Africa\u2019s energy growth with the aim of establishing a secure and sustainable energy future for every individual on the continent. Accordingly, AEW 2021 firmly believes in the role that oil and gas will continue to […]<\/p>\n","protected":false},"author":11,"featured_media":74144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/www.africa-newsroom.com\/uploads\/socialshare.jpg","fifu_image_alt":"","footnotes":""},"categories":[4262],"tags":[258,256,4380,5701,4263,14018,7621,30497,7424,13835,9746,6284,9161,257,8393,254,8636,34212,6653],"class_list":["post-74143","post","type-post","status-publish","format-standard","has-post-thumbnail","category-angola","tag-africa","tag-africa-news","tag-african","tag-agenda","tag-angola-news","tag-cape","tag-center","tag-collaborative","tag-energy","tag-event","tag-exploration","tag-forum","tag-ioc","tag-news","tag-places","tag-south-africa-today","tag-town","tag-upstream","tag-week"],"fifu_image_url":"https:\/\/www.africa-newsroom.com\/uploads\/socialshare.jpg","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/74143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=74143"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/74143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/74144"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=74143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=74143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=74143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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