African Energy Sector to Send Strong Message on Investment Potential in Africa at ADIPEC 2019
Johannesburg, September 23rd, 2019: After a year of remarkable achievements and continuous recovery across Africa’s oil markets, the continent’s energy industry will be gathering at ADIPEC in Abu Dhabi on November 11-14, 2019 to set the industry agenda for 2020.
As Africa’s energy revolution accelerates, African energy officials from governments and the public and private sectors are joining ADIPEC to send a strong message on the continent’s potential and ambitions for the coming years.
Taking the lead on representing Africa at the world’s largest oil & gas event, the African Energy Chamber has signed an agreement with ADIPEC and is officially endorsing the conference & exhibition and inviting all its partners to join the African delegation participating in ADIPEC.
“The good news for Equatorial Guinea and many African countries is, we have the resources. African countries have some much untapped reservoirs of oil and natural gas that have regrettably been underexplored. We need to attract investment in our oil and gas industry, explore, supply the market and also develop our countries. ADIPEC is a great place to meet potential investors. We have a unique relationship with the UAE through OPEC and the GECF. We have worked closely on various oil matters under the leadership of H.E. Suhail Al Mazroui and the Ministry of Energy and Industry,” stated H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea.
“In the same ways as we push for a stronger African representation within global organizations such as OPEC, we need to have Africa better represented within global investment shows like ADIPEC where major deals and contracts are being discussed,” declared Nj Ayuk, Executive Chairman at the African Energy Chamber and CEO of the Centurion Law Group. “The conference’s focus on technology and the oil & gas sector 4.0 is especially relevant for Africa as the continent seeks to fully embrace digitalization and the latest technologies to leapfrog into next-generation energy initiatives and developments.”
ADIPEC is being organized on the back of tremendous growth in investment and cooperation between the UAE and Africa this year, marked by the recent acquisition by ADNOC of Kosmos Energy’s stakes in Senegalese and Mauritanian offshore licenses. As interest for Africa picks up from Middle Eastern markets and global companies, ADIPEC offers the perfect stage to promote additional opportunities for such deals across African oil jurisdictions. The conference will notably see the official launch of “Billions At Play: The Future of African Energy and Doing Deals”, the long-awaited book by AEC Chairman Nj Ayuk that paves the way for the development of Africa’s energy sector. On this occasion, the Chamber will be organizing a high-level African oil & gas panel with ministers and executives from across the continent to shed the light on the biggest trends shaping the future of the continent’s energy industry.