Conference Agenda

The AOW Ministerial Symposium brings together African governments and energy leaders around the solutions and deals that will build the African energy sector of tomorrow. This year’s Symposium is organised in cooperation with the African Union’s African Energy Commission (AU-AFREC) and focused on regional corridors and cross-border energy dialogue. It brings together governments and leading public and private sector players around the opportunities of developing and expanding African energy corridors. 

This session give an in-depth look at the geology, strategic vision and competitive frameworks driving the Ghanaian upstream sector. The presentation will cover geological focuses and open opportunities in key basins, namely the Tano Basin, Voltaian Basin, and Keta Basin.  

• Detailed examination of the geological characteristics and potential of the Tano Basin. 

• Insights into the Voltaian Basin and its exploration opportunities. 

• Overview of the Keta Basin and its significance in Ghana's upstream portfolio. 

This session will be presented by Petroci, DGH to set out the current status of key projects in Cote d`Ivoire and the future outlook as to why Cote d`Ivoire remains an exploration and production destination of choice for the global upstream. Across the session they will provide an update on the significant achievements in the Baleine and Calao fields in Block CI-205. The session will explore the next steps for the sector, focusing on the potential of the Western Offshore region and activities in the Tano Basin.   This will be followed by geological insights on priority licenses.

•    Oil and Gas Analogues between Guayana and Africa. 
•    The vision in North Africa.
•    The vision of South Africa including Angola, Namibia.
 

African Exploration: Unveiling the Latest Trends in Frontier Exploration and ILX exploration and development, future strategies from the operators 

Exploration activity continues to recover onshore and offshore Africa, with frontier drilling overtaking infrastructure-led exploration (ILX) in 2023. While high-impact drilling used to be led by independents, IOCs have been leading the revival of African exploration since 2021. After yet another exciting year for exploratory drilling, AOW brings you Africa‘s most active exploration companies to discuss their discoveries, drilling results and upcoming campaigns from the continent’s most active frontiers.   
 

Key discussion points:  

• What are the latest trends in exploratory drilling? Panellists share updates on their current exploration programmes and activities.  

• What are the main technical, environmental, and regulatory challenges associated with conducting oil & gas exploration in frontier areas of Africa, and how can these challenges be effectively addressed? 

• How does the availability and development of infrastructure (such as pipelines, ports, and storage facilities) impact the feasibility and success of oil & gas exploration in remote or underdeveloped regions of Africa? 

• What are the key considerations for investors and stakeholders when assessing the risks and rewards of frontier oil & gas exploration projects in Africa, and how can risk management strategies be improved? 

• How can oil & gas exploration projects in frontier areas of Africa effectively engage local communities, promote sustainable development, and minimize environmental impacts?  

Monetizing Natural Gas Potential: Lessons from ENI Mozambique's Coral South Project
As the global energy landscape shifts towards cleaner and more sustainable sources, natural gas emerges as a crucial transition fuel. This session will explore the vast potential of monetizing natural gas in Africa, with a special focus on the successful case study of ENI Mozambique's Coral South project.

Case Study: ENI Mozambique’s Coral South Project:
•    Overview of Coral South's development and its significance in the context of Mozambique's offshore natural gas fields.
•    Technical and operational milestones achieved in the project.
•    Economic impact and benefits to Mozambique’s economy.
 

2024 is a special year for Tanzania as its semi-autonomous Zanzibar launched its 1st Licensing Round in March 2024, which will be followed by Tanzania’s own 5th Licensing Round from mid-2024.

Key Project Focus:
- Tanzania LNG
- Ntorya Gas Project

The recent merger of TGS and PGS has sent ripples through the geological data acquisition and processing sector. As two of the industry's leading companies combine forces, this session will delve into the transformative effects of this merger on the way geological data is acquired, processed, and marketed. We will explore how this game-changing merger is set to redefine the proprietary and multi-client data sectors, enhancing the capabilities and reach of geological surveys worldwide.
•    The future of the sectors proprietary and MC sector
•    The vision of the merged business and its aspiration for Government and operator projects
•    Data management and innovation via the merged entity. 

 

Nigeria is Africa’s largest oil market but requires additional investment to redevelop its producing assets, explore in frontier basins and expand energy infrastructure (especially processing, transportation, and storage).

Key Project Focus:
- Project Panther
- Bonga North
- Preowei & Owowo Field Developments
- UTM FLNG
- Aje & AKK Gas Projects

Future-proofing Africa’s Gas Infrastructure: Trends and Outlook in Finance and Sustainability   
The pipeline of large, medium and small-scale gas projects has never been stronger in Africa. Over the past few years, gas development ambitions have grown, supported by renewed E&P activity and pragmatic energy transition plans. But as Africa develops its gas infrastructure, it must ensure that its value-proposition is relevant and future-proof to attract global capital. This session gathers project developers, engineering companies and technology providers to discuss about gas projects development trends and highlight the business models and operational strategies that can make African gas projects attractive to capital.  

Key areas of discussion: 
•    How can African countries leverage technological advancements in gas infrastructure to enhance efficiency, reduce operational costs, and improve environmental sustainability?
•    What are the key risks associated with financing gas infrastructure projects in Africa, and how can stakeholders (governments, investors, development banks) collaborate to mitigate these risks?
•    What role do PPPs play in financing and developing gas infrastructure projects in Africa, and how can governments attract private sector investment while ensuring equitable benefits and sustainability?
•    To what extent can regional cooperation and integration initiatives accelerate the development of cross-border gas infrastructure in Africa, and what are the main challenges that need to be addressed to achieve this?
 

Congo LNG, Republic of Congo

 

Building Resilience, Integration and Sustainability Across Southern Africa’s Energy Systems 
Southern Africa‘s energy trade is in the middle of profound transformations given upcoming gas developments in Mozambique and new discoveries onshore Zimbabwe and offshore Namibia. The region is already host to the continent‘s deepest and most integrated power pools, but gas trade offers significant opportunities to address energy needs and affordability across the region. We gather a wide range of private, public and institutional actors to understand the future of the region‘s energy cooperation and investments.  

Key areas of discussion: 
•    What are the key challenges and opportunities in developing regional energy infrastructure across Southern Africa, and how can cross-border cooperation be enhanced to overcome these challenges?
•    How can harmonizing policy and regulatory frameworks among Southern African countries facilitate more efficient energy trade and cooperation within the region? What steps are needed to achieve this?
•    What are the main barriers to attracting investment in Southern Africa’s energy sector, and how can regional collaboration improve access to financing for energy projects? What role do public-private partnerships (PPPs) play in this context?
•    With a global push towards renewable energy sources, what will be the role of hydrocarbons in Southern Africa’s economic development and how can Southern African countries collaborate to accelerate the adoption of cleaner energy technologies? What role do international partnerships play in this transition?
•    The role of technology in delivering power and energy that is cleaner, accessible and affordable 
 

The Ministry of Hydrocarbons is launching a new Gas Master Plan and Gas Code and is keen to promote investments in gas infrastructure.

Also increased promotion efforts led by SNPC to promote the exploration of natural hydrogen and helium in the onshore Congo Basin.

Key Project Focus:
- Congo LNG

15min presentation on Rovuma LNG, the ExxonMobil-led mega LNG venture taking shape in northern Mozambique.

Gas-to-Power: Unlocking Africa’s Potential  
Africa‘s proven reserves of natural gas offer a tremendous opportunity to generate baseload electricity that can be reliable, affordable and cleaner than other alternatives such as coal, diesel or heavy fuel oil. However, gas-to-power remains a North African story with significant undeveloped potential in sub-Saharan Africa. What are the risks associated with gas-to-power projects in Africa and how can stakeholders work together to unlock the potential of the sector to support Africa‘s energy transformation? This session explores the dynamics of gas-to-power in Africa from a both a switching and greenfield investment opportunity.   

Key areas of discussion:  
•    The role of gas in Africa's energy mix: what is the potential of gas for baseload power generation and grid stability?  
•    Infrastructure development for gas-to-power projects: what strategies can we adopt to build pipelines and power plants across Africa?  
•    Financing gas projects in a carbon-constrained world: how can we addressing the challenges of attracting investment for gas projects in a climate-conscious era?  
•    Leveraging gas for renewable energy integration: Exploring how gas can support the integration of intermittent energies. 
 

Rovuma LNG, Mozambique
 

From Mauritania to Nigeria, West Africa is endowed with vast yet undeveloped gas resources that could support its industrialisation and the expansion of its power infrastructure. As large cross-border gas ventures take shape, we gather the public and private sector around a unique regional conversation unpacking the potential of virtual and physical gas pipelines, small- and large-scale LNG projects, and cross-border gas trade amongst Africa’s fastest-growing economies.  We highlight the overarching issue of securing capital at scale and provisions made to financing gas infrastructure.  

 

Key areas of discussion:  

How can West African countries collaborate to develop and expand regional natural gas infrastructure, such as virtual/physical pipelines and LNG terminals, to enhance trade and supply reliability? 

What are the critical steps needed to harmonize policy and regulatory frameworks across West African countries to facilitate smooth natural gas trade and investment? 

What measures should be implemented to mitigate the environmental and social impacts associated with natural gas extraction and transportation in West Africa, and how can regional cooperation enhance sustainability? 

How can natural gas complement the development of renewable energy sources in West Africa, and what strategies can promote a balanced energy mix while addressing energy security concerns? 
 

Finance, Policy and Regulation 

Energy transition and climate change 
Society faces a dual challenge: how to make a transition to a low-carbon energy future and tackle climate change, while also extending the economic and social benefits of energy to everyone on the planet.

Key areas of discussion: 
•    What specific steps has governments taken to implement commitments made, particularly those related to climate adaptation, finance, and technology transfer?
•    What are the biggest challenges African nations face in achieving their climate goals, and what priorities should be addressed to overcome these challenges?
•    How are African governments effectively collaborating with international partners to enhance climate resilience and accelerate the transition to renewable energy across the continent?
•    Considering Africa's vulnerability to climate impacts, how are governments advocating for climate justice in international climate negotiations, and what outcomes are you hoping to achieve to ensure equitable climate solutions?
 

The 2025 License Rounds in the African upstream sector promise to be some of the most compelling opportunities for operators and investors. This session brings together leading geoscience companies and government officials to present and debate the hottest new data and geological insights from key African basins. 

Participants will gain a comprehensive understanding of the prospectivity and new data insights that make 2025 a pivotal year for the continent's oil and gas industry. Our industry leading panel will showcase some of the most compelling perspectives surrounding the countries they operate in. This will showcase the competitiveness of the below ground and new insights of petroleum fairways that they operate in. this session is specifically set up for operators who are considering market entry and who want to see new data insights for screening purposes. Key focus markets include Angola, South Africa, Nigeria, Tanzania, Madagascar and Zanzibar, South Africa, Zanzibar, Tanzania and Madagascar. 

Gabon is embarked on an ambitious natural gas monetisation strategy, commissioning of Perenco’s Batanga LPG plant at the end of 2023 and the construction of the Cap Lopez LNG export terminal slated for 2026

Adopted a new Hydrocarbons Code in 2019 to promote investments, Gabon remains under-explored, especially offshore where the Government has several open blocks up for grab.

Key Project Focus:
- Batanga LPG plant
- Cap Lopez LNG Terminal
- Mayumba Gas-to-Power Plane

Following the commissioning of Woodside Energy's Sangomar offshore oil project and bp and Kosmos Energy's GTA LNG hub in 2024, the MSGBC Basin has never been more prominent on the global energy stage. 

In this session, we gather government officials, national oil companies and explorers to delve into the latest developments in the MSGBC Basin—Mauritania, Senegal, The Gambia, Guinea-Bissau, and Guinea Conakry. 

Key areas of discussion:  

• What are the key geological features of transform margins, and how do they impact hydrocarbon potential in the MSGBC Basin? 
• What recent exploration programmes have been conducted in the region, and what additional information do they give us on the Basin’s prospectivity? 
• How is new data shaping exploration strategies and decision-making processes? 
• What can we learn from successful case studies of exploration projects in transform margins that can be applied to the MSGBC Basin? 

The fundamental question remains: ‘How can the African continent attain sustainability and increase access to modern energy services for its people? This session unites Africa’s energy leaders to share new perspectives and solutions on the role of renewable energy in increasing access to modern energy.

Key areas of discussion:

• The importance of a balanced energy mix.
• How are we increasing the scale and pace of projects and investments?
• Market design reforms and the future of energy procurement.
• Fast tracking the delivery of projects in support of the global energy community.
• Investment in technology for a cleaner future.
• Innovative solutions for energy and climate neutrality in the context of affordability and equality. 

Hon. Marilyn T. Logan, Director General of the Liberia Petroleum Regulatory Authority (LPRA), will lead a delegation to Ghana to announce the direct negotiation round and engage with industry leaders. The Government of Liberia, through the LPRA, has launched a direct negotiation licensing round to boost exploration and production in the Liberia and Harper Basins. This initiative offers a prime opportunity for established and new oil companies, including IOCs and NOCs, to invest in Liberia's hydrocarbon resources. With 29 offshore exploration blocks available, the LPRA ensures transparency and competitiveness in the allocation process. This session will highlight investment opportunities and discuss the new initiatives in Liberia's oil and gas sector.

The Petroleum Upstream Regulatory Authority (PURA) of Tanzania is currently preparing for its fifth licensing round, which is expected to be launched in 2025. This round will focus on offshore exploration blocks and is expected to attract significant interest from international energy companies. 

Financing focussed on investment in oil & gas projects across the continent 

This session focuses on strategies to improve the bankability of African power and energy projects it also aims to Discussions will explore credit enhancement mechanisms, mezzanine finance options, risk insurance, and the role of regulation, project structuring in attracting financing across power projects and overall funding of the energy transition. We will also delve into the role of sovereign investors with a special mention of areas of interest that align with sovereign investors.  

Key areas of discussion: 
•    What are the key risks associated with energy projects in Africa and how can we address them?
•    How can new business models (embedded, captive etc) help incentivise private sector participation in African energy projects? 
•    What kind of policy frameworks have proven most attractive to make African energy projects more bankable?

 

African deepwater are not for the faint-hearted and reserved only for players and companies with the financial and technological capabilities to operate in challenging environments. With the number of deepwater FPSOs on the rise, how are operators and service providers working together to ensure project delivery in a time and cost-efficient manner?

Key areas of discussion: 
•    What are the specific technological advancements and capabilities required to successfully operate deepwater oil and gas projects offshore Africa, and how can these be developed or enhanced within the region?
•    What are the primary environmental and safety challenges associated with deepwater operations offshore Africa, and how can industry standards and best practices be adapted to mitigate these risks effectively?
•    How do infrastructure limitations and logistics challenges impact the feasibility and cost-effectiveness of deepwater projects offshore Africa, and what strategies can be employed to improve infrastructure development and logistics management?
•    How can regulatory frameworks in African countries be adapted or strengthened to better regulate deepwater oil and gas activities while ensuring environmental protection and maximizing local benefits? How should stakeholders be involved in this process to ensure transparency and accountability?



 

ENI's Baleine Field Development: Africa’s First Net Zero Emissions Hydrocarbon Project.

An in-depth exploration of ENI's groundbreaking work in the Baleine Field, the largest hydrocarbon discovery in the Ivory Coast and Africa’s first net zero emissions project

This session will delve into the operational strategies, technological innovations, and environmental commitments that make this project a milestone in sustainable hydrocarbon development. We will also examine the ambitious plans for Phase 2, which aims to significantly boost production while maintaining a commitment to zero emissions

A new wave of independent retail energy providers are emerging with the aim to develop and execute sustainable energy solutions. This has created a diverse range of energy potential buyers and transmission opportunities as well as innovative strategies and collaborative efforts to advance local storage capacities and foster regional trade.The session highlights recent market movements creating a ‘new’ type of utility.   Join this session to explore new tech, innovation, business and finance models that will help create market leaders in private energy procurement and trade.

Key areas of discussion: 

• Hybrid utilisation to meet the needs for C&I and residential markets.
• What does the new landscape look like? What are the primary drivers and what does this mean for traditional utilities in this evolving landscape?
• How are developers accelerating their solutions?
• What innovative financial models exist, who’s financing what?
• What does this mean for regional trade?
   

As Africa's oil and gas industry continues to evolve, independent operators play a growing role in shaping the continent's E&P future. This panel session will delve into the geological outlook, technical commitments and work programmes, and the below-ground risks that independent operators face in Africa. With a focus on emerging trends and challenges, our executive panelists will provide insights into the opportunities and strategies that can drive successful operations in Africa. 

Key areas for discussion:   

Geological Outlook: What are the most promising geological formations in Africa for independent operators, and how are advancements in geoscience influencing exploration strategies? 

Technical Commitments: How can independent operators balance the need for innovative technology with the financial constraints typical of smaller players in the oil and gas sector? 

Risk Management: What are the primary below-ground risks (e.g., reservoir quality, subsurface stability) encountered by independent operators, and what strategies are being employed to mitigate these risks? 

Future Prospects: How do independent operators perceive the future of Africa's oil and gas sector, particularly in terms of regulatory changes, market dynamics, and investment opportunities? 
 

Pecan Energies, owned by the AFC, is working on developing the offshore Pecan Field which would be Ghana’s first greenfield oil & gas project in several years.

Appetite to expand the country’s energy infrastructure is strong, especially when it comes to natural gas (storage, processing, pipelines, distribution etc) for industries and mines.

Key Project Focus:
- Volta River Authority
- Tema LNG
- Jubile Gas Monetisation Project
- Pecan Field Development

Showcasing regional initiatives are fostering cross-border energy trade, creating a more reliable and efficient electricity market for both IPPs and utilities. Discover the opportunities for project expansion, explore risk mitigation strategies within the Power Pool framework, and learn how to navigate the evolving regulatory landscape. The session put a spotlight on private investments in transmission infrastructure, prospects for increased interconnection, existing power pool initiatives, market structures and pricing that will enhance regional power trade. And further plans to build cross-boarder power interconnections.

Key areas of discussion:
 

• Attracting investments in generation and transmission
• What incentives can be offered to attract private investment in transmission infrastructure?
• How can public-private partnerships be leveraged to develop transmission infrastructure?
• What are the financing options available for transmission projects?

Namibia's Next Investment Drive
Namibia's success in the Orange Basin sets the stage for future growth in the Walvis and Luderitz Basin. This session will provide new geological insights and discuss investment opportunities that could drive further success. To understand the Basin‘s true potential, map out future prospects and opportunities, and discuss its operating environment, AOW gathers the leading explorers offshore Namibia and South Africa for a unique session on the continent‘s hottest exploration frontier.

Key areas of discussion: 
•    Review of commercial success in the Walvis and Orange Basin
•    Geological insights into the Luderitz Basin
•    Investment opportunities and upcoming projects
•    Government initiatives to attract foreign investment

The South African energy landscape is on the cusp of a historic transformation. The unbundling of Eskom, the national utility, is creating exciting new opportunities in Transmission and Distribution (T&D). This session dives deep into the upcoming market reforms, exploring the establishment of a separate T&D entity and the potential for private participation. We'll analyze the specific needs and challenges within the T&D sector, along with the regulatory framework governing private investment. Discover how your expertise can contribute to a more efficient and reliable grid and explore the path towards securing lucrative T&D contracts. This session is a critical opportunity for experienced T&D specialists to gain a competitive edge in the evolving South African energy market.

Emerging as West Africa’s exploration frontier after 3 major discoveries at Baleine & Calao, fast-tracking Phases 2 (2024) & 3 (2026) of the Baleine project – Africa’s first Net Zero upstream development project

Investment to bolster local content – focus is particularly on the significant opportunities to partner with local companies in servicing, fabrication, engineering, & construction sectors.

Appetite for the diversification of midstream/downstream gas sector is strong

Key Project Focus:
- Baleine Field Development
- Kudu, Eland & Gnou Gas Fields Development

The session will focus on the future of wheeling, the proliferation of corporate PPAs and new-look business models attracting the next generation of private investment. During this session we highlight strategies for private sector and utilities to co- exist, we look at power South Africa’s market including procurement (public vs private) trends.

Africa is seeing the rise of several new E&P companies that are set to become an integral part of its energy future in both established markets and new frontiers. Africa's independents landscape is diversifying with several countries now boasting their own local upstream operators while the continent keep attracting international independents. In this exclusive session, we gather E&P operators to talk about their needs, strategies and growth ambitions in the coming decade. 

Key areas of discussion:  

• What strategies have been most effective for independent E&P companies to enter the market and expand their operations, and what are the key challenges they face in doing so? 
• How can indigenous African E&P companies enhance their technological capabilities and expertise to compete with established international players, and what role do partnerships and collaborations play in achieving this? 
• What are the main barriers local and international independents encounter in accessing financing and investment, and what initiatives or mechanisms can be put in place to support their growth and sustainability 
• How can governments in Africa create an enabling environment and provide adequate support for the growth of medium-sized operators, including regulatory frameworks, local content policies, and fiscal incentives? 

The future of African energy is not just bright, it's getting distributed. This session spotlights the immense potential of large-scale Decentralized Power and Energy Storage projects exploring innovative strategies while ensuring stable and reliable power delivery. We'll explore countries with robust project pipelines, like Namibia with its focus on renewables and decentralized solutions, and Côte d'Ivoire, a leader in regional power integration. Delve into the technical aspects of integrating battery storage with renewable sources to create resilient energy supply. We’ll discuss further developments in battery storage systems and what they look like in the transmission space.

Key areas of discussion:

• Technical integration of battery storage with renewable sources to create resilient energy supply.
• Developments in battery storage systems and what they look like in the transmission space.
• Regulatory frameworks needed to deliver distributed power.

Long considered a by-product of oil production, natural gas is becoming a prized commodity across Africa. However, and while monetising gas has become an integral part of Africa‘s energy ambitions, the economics of gas make projects a lot more complex to finance and execute. To unpack the dynamics of Africa‘s gas sector, we bring together the leading gas explorers, producers, and asset developers on the continent.  

Key areas of discussion: 
•    What are the critical infrastructure needs for developing natural gas resources in Africa, and how can regional cooperation enhance infrastructure development to improve market access and export opportunities?
•    How can natural gas exploration and production in Africa be conducted sustainably, considering environmental impacts and community interests? What strategies can companies adopt to gain and maintain social license to operate?
•    What role does technological innovation play in enhancing the efficiency and cost-effectiveness of natural gas exploration and production in Africa? How can African countries leverage technological advancements to optimize resource extraction?
•    With the global shift towards renewable energy sources, what are the implications for natural gas exploration and production in Africa? How can African countries position themselves to navigate these market dynamics and maximize the value of their natural gas resources?

 

Energy transition plans and projects

Highlighting the ministry and the Autorité de Régulation du Secteur de l'Electricité (ANRE)

With a growing population and economic boom, Africa urgently needs reliable and sustainable energy. Its vast renewable resources and underdeveloped infrastructure present a significant investment opportunity. This opening keynote panel will explore Africa's power and energy needs, its role in the global energy transition, and how to attract investment to drive growth. Experts will discuss financing renewable energy projects, navigating Africa's carbon markets (including the VCM environment), and mobilizing capital at scale. 

Key areas of discussion:

• What are the most pressing energy challenges facing Africa today? What have been the solutions for mobilising capital at scale?
• Derisking to attract more capital - what alternatives do we have?
• How can Africa leverage its carbon assets to attract investments and finance climate action? And how can carbon markets be designed to deliver sustainable benefits for African communities?
• Barriers to scaling, who's unlocking investors?

As local content requirements become more stringent, African countries must ensure that regulations strike an appropriate balance between building local-industry capacity and reducing costs without deterring foreign investments. In this conundrum, regional cooperation offers attractive opportunities for knowledge sharing, technology transfers and the sharing of best practices. We bring together organisations and representatives from some of the continent's most active services associations to discuss the right balance between protecting and growing local industries while remaining attractive to foreign investments across the value-chain. 

 
Key areas of discussion:  
•    What are the critical elements of an effective local content policy in the African hydrocarbons industry, and how can governments ensure successful implementation to maximize local participation and benefits? 
•    How can African countries collaborate regionally to enhance skills development and training programs tailored to the needs of the hydrocarbons sector, ensuring a skilled workforce capable of supporting local content goals? 
•    What strategies can be employed to facilitate technology transfer and promote local innovation in the African hydrocarbons industry, and how can regional cooperation support these efforts? 
•    How can regional integration and collaboration among African countries strengthen the local supply chain for the hydrocarbons sector, from upstream exploration to downstream services and manufacturing? 
 

This session examines the growing role of sustainable finance in driving Africa's energy transition. Experts will discuss innovative financing solutions for renewable energy projects, deployment of capital using green bonds, insurance risk, and the role of climate finance in supporting the transition and closing the finance gap that currently exists.  The session will also highlight nature-related risks and opportunities highlighting performance and disclosures as well as impact reporting. 

Key areas of discussion:
•    What are the most promising opportunities for sustainable finance in the African context for transition finance, nature finance or blue finance
•    What innovative financial instruments can be leveraged to accelerate renewable energy deployment? How can blended finance be effectively utilized to mobilize private capital? What role can impact investing play in driving sustainable energy development?
•    How can green bonds be used to finance large-scale renewable energy projects?
•    Type of transition finance instruments, blended finance solutions, and the role of development finance institutions (DFIs) in supporting the transition. 
•    Opportunity for Africa’s sovereign wealth funds spurring growth to fill critical gaps in financing projects and trigger increased investment in priority sectors.
 

Energy transition plans and projects

Geothermal power

Highlighting the ministry, ERPA and KenGen

Monitor is the operator of PEL93 onshore Namibia, covering 18,500km2 in the Owambo Basin, one of the world's last underexplored basins with significant hydrocarbon potential.
Exploration in this area is supported by a stable Namibian government, good fiscal terms and with access to excellent infrastructure. An initial integrated interpretation of legacy data has now been augmented with acquisition of 2D seismic data to progress the portfolio of structural leads which are estimated to hold a gross unrisked resource of 8Bbbls of oil or 33Tcf of gas in the Damara play which is the target of current drilling activity by ReconAfrica in their block to the east. The PEL93 JV intend to drill two exploration wells during 2025.  

Reconnaissance Energy Africa, or ReconAfrica, is a publicly traded Canadian oil and gas company engaged in the exploration and appraisal of PEL 73 in northeastern Namibia and PEL 001 in northwestern Botswana (total of ~8.2 million acres). An independent NI 51-101 compliant report prepared by Netherland, Sewell & Associates, Inc. (“NSAI”) dated June 26, 2024, with an effective date of March 31, 2024, highlighted 3.9 billion barrels of unrisked prospective oil resources in two major play type (the Damara Fold Belt and Kavango Rift Basin), from 25 prospects on a 100% working interest basis. In all aspects of its operations ReconAfrica is committed to minimal disturbance of habitat in line with best international standards and will implement environmental and social best practices in all of its project areas.   
 

Multisub Energy Limited is the operator of Olure Field and is seeking investors and industry partners for the rapid development and the monetization of the Oil and Gas reserves in the Field. The Field was awarded during the 2020 bid round in Nigeria. The field is located in a swamp location and is bounded by two producing fields (Dibi and Gbetiokun). The  field was discovered by Olure – 1 in 1966 and two appraisal well Olure – 2 and Olure – 3 were drilled in 1974 and 1980 respectively. Olure – 1 and Olure – 2 has been successfully re-entered and extended well test is currently ongoing for the two wells.  We are seeking financial partners for the drilling of new wells and installation of gas processing facilities. The investment represents a high-quality asset with good return on investment and very low technical risk. 
 

The Prospect Forum is a unique platform for Oil Companies, Geoservice Companies and both NOCs & IOCs to promote prospects and data to commercial leaders from the oil and gas sector. In a series of 15-minute presentation + Q&A. This deal making platform is an opportunity to present farm out opportunities to decision makers, such as VPs & SVPs of Business Development, Commercial and New Ventures, who are looking to source investments and licenses across Africa.  

Unveiling Africa's Powerhouse: A Deep Dive into Dynamic Energy Mixes and Investment Opportunities  

This session delves into the continent's growing energy mix, highlighting key countries with robust markets and dynamic approaches that present lucrative investment opportunities.  

Africa’s oil production has dropped significantly over the past decade on the back of instability in parts of the continent and an increasingly challenging access to capital. The African Upstream is diversifying with new local and international entrants but all face the same common challenge of securing the financing for their exploration campaigns and field development plans. To address the financing needs of African operators, we gather financiers and CFOs from leading African E&P companies to find solutions that can bridge the financing deficit on the continent. What are the key challenges to financing African E&P projects?

Key areas of discussion: 
•    How have investment trends in the African upstream oil & gas sector evolved in recent years, and what factors influence investor risk appetite in different regions of Africa?
•    What is the role of trading houses in financing upstream oil & gas projects in Africa, and how can their involvement be optimized?
•    What alternative financing models (e.g., project finance, equity partnerships, joint ventures) are emerging within the African upstream oil & gas industry, and how do they address the unique challenges of financing oil & gas projects in the region?
•    How do regulatory stability and fiscal policies in African countries impact the availability of financing for upstream oil & gas projects? What measures can governments take to attract more investment while ensuring sustainable development and fair revenue sharing?  
 

This session will delve into the critical role of a diversified energy mix in Africa's sustainable development. With a particular focus on solar, wind, and nuclear power, the discussion will explore the immense potential of these clean energy sources to address the continent's energy challenges. 

Solar 
This session dives into the continent's flourishing solar landscape, showcasing successful projects and charting a course for future development.
•    Enabling environments that accelerate investment incentives.   
•    Economic Development in Corporate PPA’s 
•    Wheeling as a business enabler for local government 
•    Hybrid utilisation to meet the needs for C&I and residential markets. 
•    What impact is the rise of clean energy storage solutions having on the grid?  
•    Maximizing solar opportunities, including grid limitations, financing hurdles, and policy considerations.  
•    Industry perspective on grid access and grid connection challenges  



 

As Africa’s biggest gas producing & consuming market and the continents third largest oil producer, Algeria has truly succeeded in monetising its natural resources, with strong commercial ties that continue to renew and expand its energy cooperation with investors.

State-utility SONELGAZ is also actively engaged in the expansion of energy infrastructure, Issuing a large 2 GW solar tender in 2023.

Key Project Focus:
- Skikda Refinary Expansion
- Hassi Messaoud New Refinery
- Tiaret New Refinery
- Arzew Petrochemicals Complex
- Skikda Linear Alkyl Benzene (LAB) plant

With African gas ambitions on the rise, the financing needs of drilling for gas, processing it and distributing it are on the rise and require a different approach to project financing and capital raising. What are the particularities of African gas projects and who will finance them? We bring financiers, investors and gas developers around a fresh and new conversation on the challenges and opportunities of financing a gas-enabled energy transformation in Africa.

Key areas of discussion: 
•    What are the key factors influencing investor confidence in financing natural gas projects in Africa, and how can risks related to regulatory, political, and market volatility be effectively managed?
•    How significant is the role of multilateral and bilateral financing institutions in supporting natural gas projects in Africa, and what strategies can be employed to increase their involvement and impact?
•    What innovative financing instruments (e.g., green bonds, project bonds, blended finance) are emerging to support natural gas projects in Africa, and how can they be tailored to address the specific needs of the sector?
•    How can financing for natural gas projects in Africa contribute to local content development and meaningful community engagement? What are the best practices for ensuring that financing benefits local communities and promotes sustainable development?

 

This session will delve into the critical role of a diversified energy mix in Africa's sustainable development. With a particular focus on solar, wind, and nuclear power, the discussion will explore the immense potential of these clean energy sources to address the continent's energy challenges. 

WIND:  

The continent's vast wind resource and competitive electricity generation costs continue to position wind power as a highly attractive investment. This session dives into the current landscape to deliver capacity and economic benefits.   

•    Hybrid renewable energy  
•    What will it take to deliver on wind power targets? 
•    Policy and economic development: Obstacles hindering investment in wind projects across Africa. 
•    Development and construction: lessons, new research, integration  
•    Technical and operational innovative strategies employed to overcome challenges and unlock investment opportunities. 
•    Pathways for achieving large-scale wind energy implementation across the African continent.  
•    Localisation, jobs and skills: accelerating future leaders in industry  
 

This session will delve into the critical role of a diversified energy mix in Africa's sustainable development. With a particular focus on solar, wind, and nuclear power, the discussion will explore the immense potential of these clean energy sources to address the continent's energy challenges. 

Nuclear: Powering Africa sustainably  

Nuclear power offers a baseload solution, capable of meeting the continent's growing electricity needs while reducing reliance on fossil fuels and mitigating climate change impacts. While challenges such as upfront costs and safety concerns exist, the potential benefits for the continent's development are substantial. 
•    The role of state-owned companies & regulators in Nuclear build programs 
•    Financing and Funding of Nuclear energy projects 
•    Local, regional and global experience in the deployment of advanced Nuclear power plants 
•    Development and deployment of SMRs in Africa 

 

Africa’s largest refining market, Egypt has a comprehensive drilling & exploration plan in place until 20230, which looks to attract $17bn of investments.

Egypt is reportedly working on the launch of new international bids for oil, natural gas, and gold exploration during 2024.

The country’s upstream promotion efforts largely rely on Egypt Upstream Gateway (EUG), managed by SLB and EGPC

Dealmaking remains strong across Africa‘s oil & gas sector, with farm-in/farm-out and mergers & acquisitions happening across several established and new frontiers. AOW brings back one of its most flagship sessions gathering bankers, CFOs and investors to discuss M&A trends.  

Key areas of discussion: 
•    What are the current trends and strategic drivers behind M&A activities in Africa's oil & gas sector, and how are these trends expected to evolve in the coming years?
•    How are National Oil Companies (NOCs) and independent operators shaping M&A dynamics in Africa's oil & gas sector? What are their respective strategies and objectives in pursuing mergers and acquisitions?
•    How do global market shifts, such as the energy transition towards renewables, influence M&A decisions and strategies in Africa's oil & gas sector? What opportunities and challenges do these shifts present?
•    What are the key regulatory and political factors that impact M&A activities in Africa's oil & gas sector? How can stakeholders navigate regulatory complexities and geopolitical risks to facilitate successful transactions?

 

Southern Africa's energy transition hinges on finding the right balance between energy security and clean energy goals (and availability for financing gas ambitions). This session will explore the role of natural gas and highlight generation plans. Panellists will discuss recent plans, the expertise needed to meet upcoming gas-to-power projects. They will also weigh-in on what infrastructure is required to accelerate gas-powered generation.  We'll also analyse the economic impact of gas to power across industries. A key part of this discussion will highlight innovation in finance with a special mention on the role of mezzanine finance and how can we accelerate access to capital that will allow positive market movements.  

•    What are the potential benefits and drawbacks of using gas as a fuel source? 
•    What are the opportunities and challenges for regional cooperation on gas development and utilisation 
•    How will gas fit into Southern Africa's energy transition and efforts to restore energy security? 
•    Which gas-to-power project bid windows are open and are there any more gas-to-power projects in the works?  
•    How can gas help Southern Africa achieve its decarbonization goals?  
•    How can we ensure that gas development aligns with Africa's climate goals and sustainable development objectives? 
 

ESG has become an integral part of any investor or financier‘s due diligence but means different things across segments and asset classes. We discuss the ESG considerations and factors that make African oil & gas deals competitive in 2024 and how operators and asset owners can better embrace ESG standards to be competitive in today‘s market.

Key areas of discussion: 
•    How are ESG criteria integrated into investment decision-making processes for oil & gas projects in Africa, and what specific ESG factors are considered most critical by investors?
•    How do ESG considerations influence the structuring and valuation of oil & gas deals in Africa? What role do ESG performance metrics play in determining deal outcomes and financial terms?
•    How can ESG-focused strategies in oil & gas projects enhance community engagement and stakeholder relations  in Africa? What are the best practices for fostering positive social impacts and maintaining a social license to operate?
•    How do ESG standards and regulatory frameworks in African countries impact oil & gas investments, and what measures can companies take to ensure compliance while managing ESG-related risks effectively?


 

Mozambique’s gas sector has made progress in recent years, with the commissioning of the Carol Sul FLNG at the end of 2022, and a new onshore discovery at the PT50C well in 2023.

With this, the country is slowly coming back to the centrer stage as preparations are made for work at Mozambique LNG.

Key Project Focus:

- Rovuma LNG
- Mozambique LNG
- Matola FSRU
- Carol Sul & Carol Norte FLNG

To stay relevant and attractive, the African Upstream must find ways to produce cheaper barrels with a lower carbon content and scale up technology adoption across the supply-chain. We gather upstream regulators, government officials, operators and service providers around the challenge of keeping capital and operational expenditures under control and the opportunities it presents to adopt new policy frameworks and technologies.

Key areas of discussion: 
•    What are the most promising technological innovations transforming supply chain management in the African upstream oil and gas sector, and how are these innovations reducing costs and improving efficiency?
•    How can digital solutions such as blockchain, Internet of Things (IoT), and artificial intelligence (AI) optimize supply chain operations in the African upstream oil and gas industry? What are the challenges and opportunities associated with adopting these technologies?
•    How are advancements in remote operations and monitoring technologies enhancing the efficiency and safety of supply chain activities in remote or challenging environments across Africa? What are the implications for operational reliability and cost-effectiveness?
•    How can technology facilitate collaboration and data sharing among stakeholders in the upstream oil and gas supply chain in Africa? What are the barriers to achieving seamless integration, and how can they be overcome?

 

Deep Dive Session 1:Unlocking Geothermal Energy in Africa: Successes, Challenges, and Future Prospects

Africa, with its abundant geothermal resources, stands at the cusp of a clean energy revolution. Join us for an engaging panel discussion where experts delve into the world of geothermal energy, its challenges, and opportunities the role of technology and innovation, and its direct use applications beyond electricity generation. 
 

Accelerating Africa’s Mineral Resources and Value Chains 
This session delves into the dynamic economic opportunities brought about by mining for the green economy. Especially highlighting possibilities that exist in the critical and battery minerals value chains. As the global market for battery energy storage systems grows and collaborations begin to take off, we highlight investment needed and market dynamics as well as spotlight regional and intra-African trade.  We also highlight perspectives from the mining industry and how the complex link between minerals, energy security and future prospects for the mining sector. 

Key areas of discussion:
•    Mineral demand implications of a rapid shift to clean energy technologies.
•    Far-reaching implications for the metals and mining sector
•    What collaborations are underway and where is investor confidence placed?
•    Who is investing? What are the challenges?
 

African governments and regulators concur that the continent must reduce the emissions from its oil & gas sector to remain competitive in today‘s world. But with Carbon Capture, Utilisation and Storage (CCUS) and Metal Organic Frameworks (MOF) deemed expensive and still at its pilot stage, what options and avenues can African stakeholders explore to benefit from emerging technology trends and decarbonise the value-chain? We gather solutions and services providers to discuss investment and technology opportunities around methane monitoring and management, carbon emissions reduction, and air emissions mitigation. We also bring together upstream regulators, government officials, operators, and service providers to discuss carbon management and cost reduction strategies.

Key areas of discussion: 
•    What are the most effective strategies for reducing emissions across the oil and gas value chain in Africa, from exploration and production to transportation and refining?
•    How can technological advancements such as carbon capture and storage (CCS), methane detection technologies, and energy efficiency innovations contribute to reducing emissions in the African oil and gas sector? What are the barriers to adopting these technologies in the region?
•    How do existing and emerging policy and regulatory frameworks in African countries address emissions management in the oil and gas sector? What are the opportunities for harmonizing these frameworks regionally to achieve emission reduction targets?
•    How can collaboration among stakeholders—including governments, industry players, and local communities—enhance efforts to manage emissions in the African oil and gas value chain? What role do partnerships and knowledge-sharing initiatives play in promoting best practices?
 

Angola is continuing its 2019-2025 licensing strategy implementation with the last bidding round planned for 2025, whilst several blocks are under open acreage and promoted year-round.

Meanwhile, Angola seeks investments in expanding the value-chain midstream and downstream, including via the construction of large in-country refineries in Soyo.

Key Project Focus:
- Quiluma and Maboqueiro gas project
- Soyo Refinery
- Opaia Fertilizer
- Lobito Refinery
- Angola-Zambia Oil Pipeline

The energy industry has focussed most on the ‘E’ in ESG, however the ‘S’ is critically important. Social factors encompass many aspects including how we infuse people into the fabric of our businesses, as well as how we build equitable spaces in the value chain. It also includes the question of integrating innovative practices led by future leaders who are unlocking new clean and renewable energy solutions while navigating today’s complex regulations. So, industry agrees on the importance and urgency of fostering a culture of inclusion that empowers all voices. During this session we will highlight initiatives tied to accelerating innovation, trailblazers leading these initiatives that inevitably address Africa energy transition.

Key areas for discussion: 
•    Highlighting successful initiatives that have integrated industry trailblazers (specifically women and entrepreneurs) 
•    What the future of distributed renewable energy and access for all looks like? And how might we continue to address the need for interconnected mini grids into power grids
•    Call to investors and financiers to support energy infrastructure and social development that will accelerate an equitable and diverse sector  
•    Sharing how DEI transparency leads to positive stakeholder relationships (governance measurement and reporting)  


 

A presentation showcasing how innovation and technology are improving margins and reducing carbon emissions in African E&P 

The Oil and Gas sector have a wealth of assets from abandoned infrastructure, sub-surface and fluid data, and a highly skilled and knowledgeable workforce. Join us to hear from experts working to develop ways in which these assets can support the development of geothermal around the world and hear from experts who have transferred their skills from working in oil and gas to geothermal.

Most African markets have endorsed or supported the World Bank‘s Zero Routine Flaring by 2030 while new initiatives and ventures are being proposed by the private sector to monetise associated gas. How do these ambitions and targets translate into projects and technology trends on the continent and what can African operators do to decarbonise their E&P activities in the short and medium terms?


Key areas of discussion: 
•    What are the key strategies and technologies available to reduce flaring in the African upstream oil and gas industry, and how can these contribute to achieving net zero emissions goals?
•    How do policy and regulatory frameworks in African countries address flaring reduction and support efforts to achieve net zero emissions? What are the challenges in implementing effective regulations, and what opportunities exist for harmonization across the region?
•    What role does investment and financing play in supporting emission reduction projects, particularly in reducing flaring, in the African upstream oil and gas sector? How can stakeholders attract funding for sustainable practices and technologies?
•    How can efforts to achieve net zero emissions in the African upstream oil and gas industry align with community interests and socioeconomic development? What are the opportunities for local communities to benefit from emission reduction initiatives?


 

Uganda expects to become an oil producer from 2025, exportation will happen via the EACOP, linked to the Tanzanian Port of Tanga, whilst it also negotiates for financing of the Albertine Graben Oil Refinery

New PSCs have recently been signed to boost exploration, including with its state-owned company UNOC.

Key Project Focus:
- Tilenga & Kingfisher Oil Projects
- Albertine Graben Refinery

Hydrogen is emerging as a game-changer in the global energy transition. This session explores the potential of "green" and "blue" hydrogen for Africa, showcasing key project opportunities, key successes in grey hydrogen. The panellists feature African energy leaders, hydrogen project developers, and technology providers, will delve into the exciting possibilities hydrogen presents for decarbonizing various sectors and fostering energy security.  
Key discussion points: 
•    Green hydrogen from renewables, "blue" from natural gas with CCS and those that are best suited for different African countries and applications (heavy industries, transportation, power storage) 
•    Opportunities that will open up in the commercialization of hydrogen. 
•    How can African nations foster partnerships with international stakeholders to develop a robust hydrogen ecosystem? 
•    Financing and regulation needed for growth in the offtake market.

 

Currently Africa’s most sought-after frontier, significant interest remains in exploration of Namibia’s Orange Basin, with several discoveries since 2021. Onshore exploration is also ongoing, with campaigns in the Kavango & Owambo.

As Namibia continues to make headlines, the market needs are geared towards raising capital for exploration while planning for future developments.

Key Project Focus:
- Kudu Gas Project