As discoveries move towards development stages, challenging operating environments such as those in deepwater basins call for innovative approaches and technologies. Stepping into this picture, service companies with a strong track record of delivering offshore projects are playing an increasingly more important role in Africa.
Commenting on offshore opportunities, Villa stated that, “We are more concentrated on offshore discoveries where there are higher resources, lower political risk and greater access to global markets.”
However, as Karuhanga stated, “We are seeing a massive disinvestment in the oil and gas space,” and with over 600 million currently without access to electricity, “the need for Africa to develop its oil and gas cannot be overstated.”
Recognizing the crucial role oil and gas will continue to play in Africa’s energy future, AEW 2023 will showcase the range of upstream prospects on offer across the continent while tackling the challenges to development and the solutions unfolding by African energy players. To secure your spot at the most highly anticipated energy gathering on the continent, visit www.aecweek.com for more information.
AEW 2023 is the African Energy Chamber’s annual energy event. This year’s edition takes place in Cape Town from October 16-20 under the theme, ‘The African Energy Renaissance: Prioritizing energy poverty, people, the planet, industrialization and free market.’
