Page 16 - AfrOil Week 15 2021

AfrOil NEWS IN BRIEF AfrOil

Nigeria leads project starts pleted and will be commissioned before the end are seeing a considerable amount of investment
He disclosed that the project is 70% com-
“Africa is the final energy frontier and we
across oil and gas value of 2022 by President Muhammadu Buhari. “I being directed towards large-scale resource
must say I’m very impressed with what I have developments across the continent,” says Kelly
chain in Africa by 2025 seen today. This place used to be a swamp before Mealia, Chairperson, AOP. “AEM 2022 repre-
this time but a lot of work has been done to bring sents the optimal investment conference for the
GlobalData’s latest report, “Africa Oil and Gas it to this standard.” entire African energy and mining value chains.
Projects Outlook to 2025 – Development Stage, The Petroleum Minister explained that oil By integrating multiple sectors into one confer-
Capacity, Capex and Contractor Details of All and gas parks were being developed around the ence, AEM is focusing on the potential of col-
New Build and Expansion Projects,” indicates oil and gas producing states to provide oppor- laboration and synergies in fast-tracking growth
that Africa is expected to witness 428 oil and tunities for original equipment manufacturers and success for petroleum, mining, power and
gas projects to commence operations during the to produce components that would serve the oil renewables.”
period 2021-2025. Out of these, upstream and and gas industry and its linkage sectors. Sylva AEM 2022 is proud to play host to the first-
midstream sectors would witness the highest added that the project supports the President ever Women in Industry Assembly, a forum ded-
project starts with 129 projects each. Refinery Buhari’s agenda on job creation as it would cre- icated to celebrating the role of women in Africa’s
and petrochemical segments would witness ate about 2000 direct and indirect jobs upon advancing energy and mining sectors. “Women
the start of operations of 65 and 105 projects completion. have an integral role to play in the expansion
respectively. Speaking further, Sylva said, “The NCDMB and transformation of the African energy and
Refinery and petrochemical projects together has done very well; before the establishment of mining sectors,” says Yolisa Nyoka, Programme
constitute about 55% of all upcoming oil and gas this Board, local participation was about 3%, Director, AOP. “AEM 2022 is the single most
projects in the during 2021–2025. Midstream but today they have taken it to over 30% and the important forum for the celebration of and
sector follows next, with the pipeline segment trajectory is to boost it to 70% by the year 2027.” engagement with women industry leaders.”
alone constituting 33% of all projects followed Sylva applauded the host community for sus- The Women in Industry Assembly will include
by oil storage and gas processing with 30% and taining the atmosphere of peace and urged them an invite-only investor breakfast and dedicated
23% respectively. to continue to promote peace and tranquility conference sessions.
New build projects lead the upcoming pro- in the community to ensure completion of the By building on integration opportunities
jects landscape in the Africa constituting around project. among the renewable energy and mining sectors;
79% of the total projects across the value chain. NCDMB, April 13 2021 and recognising the role that the mining indus-
The share of new build projects is especially high try has to play in facilitating a continent-wide
in the midstream and petrochemicals sectors energy transition, AEM 2022 will drive invest-
with more than 90%. EVENTS ment and deal-making in the energy and mining
In Africa, about 40% of the projects are in value chains across Africa.
construction and commissioning stages and are Africa Oil & Power unites Key discussion points will include Africa’s
more likely to commence operations during the energy transition; renewable energy in mining;
outlook period. About 40% of the projects are mining,energy at All-Africa energy storage, battery metals and the future of
in the planning stages and the rest have been African mining; synergies between mining and
approved or awaiting approval. Event in 2022 energy in the post-COVID environment; the
Among countries, Nigeria leads the upcom- role of oil and gas in Africa’s economies; Africa as
ing projects landscape in Africa, accounting for Africa Oil&Power (AOP) is proud to announce a global LNG leader; the future of African power
23% of the total projects expected to start opera- that it will host its fourth flagship Cape Town grids and utilities; funding for gas-to-power pro-
tions during the 2021-2025 period. event, the Africa Energy&Mining (AEM) 2022 jects; independent power producers, privatised
GlobalData, April 08 2021 Conference and Exhibition on March 29-31, power and Africa-wide electrification; and the
2022, under the theme “Investing in the World’s hydrogen revolution and electric vehicles.
Future Energy Value Chain.” The event repre- Africa Oil & Power, April 12 2021
LOCAL CONTENT sents the only hybrid mining and energy event
focused on Africa – with both in-person and
Sylva inspects oil and gas online attendance – and will bring together pub-
lic and private sector executives for three days of
park, hails NCDMB networking and deal-making.
Focusing on Africa’s energy transition and
The Minister of State for Petroleum Resources, prioritising a post-COVID-19 industry recov-
Chief Timipre Sylva has commended the Nige- ery, AEM will create an enabling environment
rian Content Development and Monitoring for business by bringing together industry
Board (NCDMB) for the quality of work and the leaders, top government representatives, key
progress recorded on the Nigerian Oil and Gas international companies and stakeholders, as
Park being developed by the Board using wholly well as private sector executives from all facets
Nigerian companies. of the continent’s energy and mining sectors.
Sylvia gave this commendation when he led The event continues AOP’s pan-African flagship
members of the NCDMB Governing Council Cape Town series, but with a more inclusive pro-
and other stakeholders to the inspect the level of gramme welcoming mining, oil and gas, power,
work done on the site located in Emeyal 1, Ogbia, renewables, and new industry segments, such as
Yenagoa Local Government Area, Bayelsa State. energy storage and hydrogen.

P16 www. NEWSBASE .com Week 15 14•April•2021