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While there is a definite lack of access to electricity across the continent, there’s definitely not a lack of opportunities to invest in projects that will address and advance the international community’s goals of universal electricity access by 2030. Whether you’re preparing to diversify your electricity mix, further explore potentially oil or gas-rich regions or harness the power of the wind, water, or sun, one thing is certain, you will face a number of challenges before more lights can turn on.
The Future Energy Africa Exhibition and Conference taking place at the Cape Town International Convention Centre (CTICC) from the 1st to the 3rd of October 2018, is the perfect forum for Africa’s governments and key officials, NOCs, IOCs, gas & LNG stakeholders, integrated energy companies, technology providers and power generation entities to connect with the fast-evolving energy value chain and corporates driving Africa’s energy future.
For Jean-Pierre Favennec, President of the Association for the Development of Energy in Africa, this conference comes at the right time. “There is a need to discuss the problems of production and access to energy in Africa, and to promote the production of fossil and renewable energies necessary to improve the lives of Africans.”
Favennec is moderating the Global Leaders Panel Discussion: ‘Western Africa in the Spotlight: Unlocking the Region’s E&P Potential’ taking place on day one of the conference. He points out some of the major challenges facing electrification of the continent. “Today, electricity in most African countries is more expensive than in developed countries, while the purchasing power of the population is low. In addition, in some rural areas the density of population is very low so that bringing electricity from large power plants to outlying areas is very expensive.”
He feels Africa needs to take greater advantage of its large gas reserves and sun to produce electricity across the continent, and that the development of gas utilisation and solar will help to drive electrification in Africa. In terms of foreign investment needs, Favennec says: “Oil and gas production would benefit greatly from foreign investment, as local companies can only contribute a very limited share of the required investment, which usually runs into billions of dollars. Renewables, especially hydro, would also benefit from large investment, but they require specific arrangements to make the investment ‘profitable’.”
Discussions at the conference will address many of the challenges facing the electrification of Africa, including hot-button topics such as the need for better governance, and increased profitability of investments. Favennec says there is also a need for further efforts with regards to education within the sector.
Western Africa in the Spotlight: Unlocking the Region’s E&P Potential
The West African Atlantic Margin exploration basin holds significant potential. Development of hydrocarbon in the Central Atlantic has been slow since the initial promising discoveries of oil and gas in Senegal and Benin in the 1960s, however, ongoing exploration has turned the region into a hot spot of exploration activity.
But what steps are necessary to see successful production in the basin? Learn more from the industry-leading speakers participating in this panel discussion including:
- Effiong Okon, Executive Operations Director, Seplat Petroleum Development Company Plc
- Joseph Medou Director E&P at Petrosen
- Patrick A. Akorli, Group Chief Executive Officer, Managing Director and Executive Director at Ghana Oil Co Ltd
- Igor Hulak, Partner, Head of Utilities & Oil & Gas Practices in West Africa at A.T. Kearney
- Ahmed Ag Mohamed, Director at the General Authority for the Promotion of Oil Research, (AUREP), in Mali
As Sub-Saharan Africa moves towards a low carbon energy future, events such as the Future Energy Africa Exhibition and Conference 2018 are providing valuable forums for the international oil, gas and future energy industry to debate the issues directly with Africa’s leaders. Projected to attract over 1,000+ trade visitors, 100+ exhibiting companies, 120+ conference and technical speakers and 300+ delegates, the three-day event promises to be a valuable platform for interactive networking and knowledge exchange.