AEC Endorses the Africa Energies Summit in London
Bringing together Africa’s energy players and international investors, the summit will be instrumental in enhancing private sector investment across Africa’s oil and gas sector.
The African Energy Chamber (AEC) is proud to officially endorse the upcoming Africa Energies Summit, set to take place in London on May 17-19, 2022. Organized by Frontier Energy Network, the summit unites African energy players, global investors and oil and gas producers for two days of networking and engagement. As African stakeholders look to secure more private sector investment across the entire value chain, the summit will be instrumental for introducing African players to global investors, ushering in a new era of multilateral cooperation and investment deals in Africa.
Africa is currently undergoing an energy sector transformation, with large-scale oil and gas projects coming online, new exploration campaigns kicking off and an accelerated drive for development across the entire value chain. In 2022 alone, countries across the continent are ramping up exploration through the introduction of bid licensing rounds. Notably, this week, the Petroleum Directorate of Sierra Leone – led by Director General Foday Mansaray – in partnership with the AEC, TGS and Africa Energy Partners, officially opened the fifth Petroleum Licensing Round for acreage covering an aggregate of 63,643 km ². With sizable discoveries made between 2009 and 2013, Sierra Leone is focused on realizing the potential of these finds, kickstarting further exploration and production across high potential sectors. Boasting major opportunities across the entire value chain, countries such as Sierra Leone are highly attractive, particularly for frontier and independent explorers.
As new discoveries are made in Africa – such as those made in Ivory Coast in 2021 and Namibia in 2022 – and demand increases domestically, Africa requires significant levels of investment if it is to realize the full potential of its energy resources and unlock long-term energy and economic growth.