Ian Croke, Chief Operating Officer of Afentra, Africa's leading independent oil and gas company, will speak at the Africa Energy Investment Conference (IAE) 2024 in Paris about upstream opportunities in Africa's growth markets as the company looks to optimise, redevelop and extend the life of mature assets.
In Angola, Afentla is currently expanding its non-operated interests in Blocks 3/05 and 3/05A, and has recently received approval to acquire Block 23, focusing on high-quality, long-life shallow water producing assets with significant upside potential. The London Stock Exchange-listed company is partnering with operator and national oil company Sonangol to maximise production and reserves, while also reducing emissions and driving synergies between assets through an innovation-led approach.
IAE2024 2024 (https://apo-opa.co/3UMOOtQ) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place in Paris on 14-15 May 2024, the event will offer participants two days of intensive interaction with industry experts, project developers, investors and policymakers. For more information, Visit www.Invest-Africa-Energy.com. To participate as a sponsor or representative, [email protected].
In Angola and across the African continent, shallow water assets have become strategic entry points for mid-tier and independent explorers as IOCs prioritize capital-intensive developments and sell smaller assets to fund these operations. As a result, the African oil and gas industry is seeing a new wave of independents leading exploration in mature markets, including Afentra in Angola, Perenco in the Republic of Congo, BW Energy and VAALCO Energy in Gabon, and Africa Oil Corp. and Panoro Energy in Equatorial Guinea.
“Afentra is leading the redevelopment of legacy assets in Angola with a view to transitioning to operating rights and ultimately establishing a balanced pan-African project portfolio. Africa's mature oil and gas markets offer significant opportunities for investors to optimize production and generate low-risk returns through EOR techniques and innovative technologies,” said Sandra Jake, Events & Projects Director at Energy Capital & Power, the forum's organizers.
Distributed by APO Group on behalf of Energy Capital & Power.
This press release has been issued by APO. The content has not been monitored by the editorial team of African Business, nor has the content been reviewed or verified by our editorial team, proofreaders or fact checkers. The publisher is solely responsible for the content of this announcement.
