Page 20 - AfrOil Week 02 2021

AfrOil NEWS IN BRIEF AfrOil

COMPANIES EVENTS interest in Ghana’s electricity, gas-to-power and
oil projects in 2021.
LEKOIL makes AOP brings European gas, is the cornerstone of Africa’s re-emergence
“Energy, in all its forms including oil and
announcement on finance, African power, E&P from COVID. We believe that now is the time
for African companies and governments to look
appointment of chairman deals to table in June 2021 again at their European partnerships and to
push forward with deals that power their econ-
LEKOIL, the oil and gas exploration and produc- Africa Oil & Power will host Francophone Afri- omies,” said AOP’s Managing Director Renée
tion company with a focus on Nigeria and West can government delegations and European Montez-Avinir.
Africa, announces that following the resignation financiers at the first AOP Investor Forum to “The energy transition and the future funding
of Mark Simmonds, the Board has appointed be held in Paris; the event is entirely dedicated of African oil and gas projects, plus Europe’s role
Michael Ajukwu as Chairman with immediate to getting major commitments committed and in African investment going forward, will be at
effect. signed between European investors and African the heart of our discussions at the Paris inves-
Michael Ajukwu commented: “I am hon- companies and governments; the event will pro- tor forum. Oil and gas will continue to play an
oured to assume the position of Chairman of mote continued synergy between petroleum and important part in Africa’s energy mix and eco-
LEKOIL and would like to thank my predeces- renewables actors and will drive a new positive nomic expansion,” she continued.
sor, Mark Simmonds, for his contributions to the narrative aiming to balance African develop- Africa Oil & Power looks forward to wel-
Company. I look forward to working with my ment needs, climate goals and economic growth coming major international oil companies,
colleagues on the Board and the management of in Africa. institutional investors and private equity firms
LEKOIL to deliver a high performing company African energy deals are on the table at the to take part in the forum. AOP will make details
anchored on strong governance structures that AOP Investor Forum: Paris 2021 on June 16-18. of projects and deals available to its network in
produces value for all shareholders.” Africa Oil & Power, the continent’s leading plat- advance of the conference, and expects multiple
LEKOIL, January 11 2021 form for investment in energy, will hold a two- agreements to be signed at the event itself. Join
day event where European investors are invited Africa’s and Europe’s leading investors at the
LEKOIL responds to to participate in deals that will drive Africa’s AOP Investor Forum: Paris 2021 on June 16-18
and visit www.AfricaOilAndPower.com to find
growth post-COVID.
press speculation egal, home to West African renewables and gas further updates.
Participants in the forum will include: Sen-
Africa Oil & Power invites finance institu-
about Metallon megaprojects, and recipient of a record $983mn tions, E&P firms, power companies and service
providers to express their interest in taking part
in FDI in 2019; Côte d’Ivoire, the leading econ-
LEKOIL, the oil and gas exploration and produc- omy in Francophone West Africa, looking to oil in the forum, and in meeting the government
tion company with a focus on Nigeria and West and gas for further growth; Niger, with a new delegations of the abovementioned countries,
Africa, notes the recent local press speculation government in place and a pipeline planned to by getting in contact with João Gaspar Marques,
in relation to a letter received by the Company Benin, Niger is emerging as a Sahelian energy International Conference Director.
from the Honourable Minister of State of Petro- hub; Mozambique, Africa’s future natural gas Africa Oil & Power, January 06 2021
leum Resources of Nigeria in connection with megaproducer, with the $20bn Mozambique
the prior acquisition of a significant sharehold- LNG project FID approved and projects moving
ing in the Company by Metallon Corp. and the ahead fast; Nigeria, opportunities are available
requirements that a significant change in share- for European investors to partner with local
holding be in adherence with the requirements firms and build critical energy infrastructure
of Nigerian Petroleum Act and related guidelines in the continent’s largest market; Angola, a
and procedures. reformed sector and political will are driving
The Company confirms that it has notified Angola’s post-COVID recovery, and Angola is
Metallon of this matter and has advised Metal- home to Africa’s largest offshore projects and is
lon, as a matter of urgency, to liaise with the Fed- holding a series of licensing rounds; Equatorial
eral Ministry of Petroleum Resources in order to Guinea, the Ministry of Mines and Hydrocar-
resolve any issues arising from the acquisition of bons seeks investors for its ambitious gas meg-
Metallon’s shareholding. ahub and continued gas development projects;
In the event that Metallon’s acquisition of its Gabon, the Central African oil producer has
shareholding in the Company has not complied reformed its sector in recent years, with a new
with Nigerian legislation and, in the absence of petroleum code in 2019 and a licensing round
any suitable remedial action, sanctions (which ongoing from 2018 to 2020; Uganda, likely to
ultimately can include Licence revocation) could become East Africa’s next oil producer, Uganda’s
be imposed directly on the Company by the Lake Albert region has attracted great attention
Ministry of Petroleum Resources. and will complete its national elections in Janu-
The Company will provide an update on the ary; South Sudan, celebrating a decade of inde-
matter in due course. pendence this year, South Sudan has invested
The requisite EGM, which will be held at in power projects and is open to new entrants
10:00 a.m. (GMT) on January 8, 2021, will pro- in renewables and petroleum, and a licensing
ceed as planned. round is set to be held soon; Ghana, a stable envi-
LEKOIL, January 08 2021 ronment and strong track record will promote

P20 www. NEWSBASE .com Week 02 13•January•2021