Page 19 - AfrOil Week 33 2022

AfrOil NEWS IN BRIEF AfrOil

business new africa bna/IntelliNews

Representing one of the final frontiers for oil
and gas exploration globally, Somalia is rich
with opportunities across the entire energy
spectrum and value chain. Despite its proximity
to hydrocarbon-rich countries, exploration has
been slow in Somalia owing largely to political
instability and the lack of adequate investment.
Now, with his appointment, Minister Mohamed
may focus on promoting an enabling environ-
ment and accelerating investment in frontier
oil and gas activities. Much of the country’s off-
shore basins have yet to be explored, and with
previously attained seismic data revealing high
potential prospects, opportunities for establish-
ing the country as a top producer while making
high returns on investment are high.
In 2022, the country has made steady pro-
gress towards stability, owing largely to recent
regulatory reforms and political cooperation,
and as global demand for African oil and gas which we believe can bring considerable addi- come here and make use of the training that they
increases, Somalia has emerged as a highly tional production and value to the asset,” ADM can get in the field.”
attractive investment destination. Under a CEO Osamede Okhomina said. South Sudan currently has 13 exploration
mandate to position the country as a top hydro- The Aje field development plan, agreed upon blocks that have yet to be assigned, with this
carbon producer, Minister Mohamed is set to in 2014 with the Nigerian government, involves year’s conference poised to showcase these
transform the sector while making a strong case a three-phase development programme with the blocks to international companies seeking to
for foreign investment and international player potential to drill three new wells. participate in the country’s nascent oil and gas
participation. Recently, the government has put bna/IntelliNews, August 12 2022 exploration and production industry, he said.
statutory bodies in place to negotiate oil explora- “The Ministry of Petroleum of the Republic
tion and production deals, with the new ministry Nilepet MD discusses of South Sudan is inviting companies for new
set to use these bodies to drive participation in licensing opportunities. The Ministry is gearing
2022 and beyond. SSOP 2022 at media up for another licensing round. During the con-
African Energy Chamber, August 11 2022 ference, South Sudan will showcase the blocks
briefing that are unassigned. The opportunities that the
conference brings are enormous,” continued
PROJECTS & COMPANIES Dr. Chol Deng Thon Abel, Managing Director Abel.
and CEO of South Sudan’s national oil and gas Nilepet’s Managing Director and CEO went
ADM completes 17th company, Nile Petroleum Corp. (Nilepet), show- on to emphasise that international and local par-
cased the parastatal’s support for the upcoming ticipation in the sector will translate to more job
cargo lift at offshore South Sudan Oil & Power (SSOP) 2022 confer- opportunities and experience for the country’s
ence. The event takes place on September 13-14, local and youthful population, and will result in
Nigerian oilfield 2022 at the Radisson Blu in Juba. improved socioeconomic growth and a more
The organiser, Energy Capital & Power, is stable business environment for South Sudan.
ADM Energy, a natural resources-investing proud to work with Nilepet again in 2022 as the “The previous conferences that were con-
company listed in the UK and Germany, has Host Sponsor and notes the national oil compa- ducted here demonstrated that South Sudan is
announced the completion of the 17th cargo ny’s strong leadership and outreach to interna- ready for business. When international compa-
lifting at the Aje Field, offshore Nigeria. tional partners and all local stakeholders as part nies come to South Sudan, they will interact with
The company holds and targets near-term of the event. national companies, and that will be translated
production assets in proven oil and gas jurisdic- Speaking during a media briefing on August into more partnerships and more joint ventures
tions in Africa, with a specific focus on Nigeria. It 1 in Juba, Abel discussed the values and opportu- for Nilepet,” concluded Abel.
holds a 9.2% profit interest in the Aje field. nities of SSOP 2022, highlighting the purposes, Taking place under the theme, “Gateway to
The Aje field is 835 square km and is rich in themes and expectations of the conference, East African Energy,” on September 13-14 in
both oil and gas. while promoting that the East African country’s South Sudan’s capital city Juba, the fifth edition
According to ADM, the latest lift totalled vibrant upstream sector is ripe with business of SSOP will be held in official partnership with
94,187 barrels, with a net share of 8,683 barrels opportunities and ready to welcome interna- the Ministry of Petroleum and the Ministry of
to ADM. The proceed will be used to continue tional partners. Energy and Dams.
developing the Aje field, alongside joint venture “The conference is an opportunity to show- This year’s event will serve as the premier
partners. case the abundance of oil resources that South international forum driving business and invest-
Aje is 24 km offshore of Lagos and in close Sudan has,” Abel stated, adding, “South Sudan, as ment in East Africa’s sole oil producing market
proximity to the West African Gas Pipeline a country and as a pioneer in East Africa, offers and will emphasise the role that energy compa-
(WAGP). a wealth of training opportunities for engineers nies play in ensuring the growth of the national
“The proceeds from the Lifting will help us to and geo-scientists from east African countries economy.
build on and refine the plans for Aje’s expansion, that have discovered oil. We encourage them to Energy Capital & Power, August 15 2022

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