As Africa seeks to maximize oil and gas exploration and production to address energy access and security challenges, this year’s edition of the African Energy Week (AEW) conference and exhibition (AECWeek.com), Africa’s largest event for the energy sector, which will take place from 18 to 21 October 2022 in Cape Town, will explore best practices to improve operations across the continent’s hydrocarbon value chain. As one of the leading international independent oil and gas companies engaged in exploration and production in Africa’s mature and emerging markets, independent Anglo-French firm Perenco will participate as a bronze sponsor at AEW 2022, shaping important discussions on current trends, challenges and possibilities within the headwaters of the continent.

With its exploration footprint across West Africa, Perenco has been at the forefront of increasing oil and gas production capacity on the continent through a number of partnerships with National Oil Companies (NOCs) and majors. Notably, in the Democratic Republic of Congo, Perenco is the only company operating in the basin – with 11 fields producing an average of 25,000 barrels of oil per day (bopd), while investing heavily in new wells. Additionally, in Gabon, Perenco optimized drilling operations and increased oil production from 8,000 barrels per day in 1992 to 100,000 barrels per day, as well as 50 million cubic feet of natural gas in 2021. Finally, in Congo Brazzaville, the company increased production from 4,000 barrels per day. up to 70,000 barrels per day.

With demand for low-emission natural gas growing rapidly both on a continental level – as Africa strives to ensure its 900 million people have access to clean food while supporting key industries – and globally – as the energy transition and geopolitical trends such as As the Russo-Ukrainian war increases global demand for gas, Perenco is playing a key role in accelerating the development of gas projects in Africa. In partnership with Cameroon’s NOC, Société Nationale des Hydrocarbures, Perenco developed and operates the Hilli Episeyo floating liquefied natural gas facility, the first of its kind worldwide. Moreover, as Cameroon’s gas market continues to grow, Perenco is at the forefront of development with the company operating a number of gas projects for domestic consumption and export.

As Africa seeks to increase the use of its 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas to drive socio-economic growth, Perenco’s know-how in exploration, development of new fields, and increased production capacity will be critical to exploit the continent’s hydrocarbon potential. In this regard, as a bronze sponsor of AEW 2022, Perenco will help shape the discussions around the company’s activities and future growth plans in line with the continent’s energy goals.

“The chamber continues to celebrate Perenco’s efforts to ramp up production lines in Africa’s hydrocarbon-rich basins as production declines due to the natural attrition of older projects and the lack of adequate investment in exploration and production. Perenco’s recent acquisition of Glencore’s oil assets in Chad is a strong endorsement of the company’s commitment to continue as a trusted partner to African energy producing countries seeking to maximize production, exploitation and monetization for sector reliability and GDP growth,” said New – Jersey. Ayuk, Executive Chairman of the African Energy Chamber (AEC).

Under the motto “Exploring and investing in Africa’s energy future while creating an enabling environment”, AEW 2022 will host Perenco in high-level meetings and networking forums with local and international experts and organizations from across the energy ecosystem, discussing the role international independents such as Perenko will play in the energy the future of Africa.

Distributed by APO Group on behalf of Africa Energy Week (AEW).

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About AEW:
AEW 2022 is the AEC’s annual conference, exhibition and networking event. AEW 2022 brings together African energy stakeholders with investors and international partners to drive the growth and development of the industry and promote Africa as a destination for energy investment. Key organizations such as the Organization of African Petroleum Producers, as well as African heavyweights including Equatorial Guinea and Nigeria, are partnering with AEW, reinforcing the role the event will play in Africa’s energy future.

This press release was published by APO. The African Business editorial team does not control the content, and the content has not been reviewed or endorsed by our editorial teams, proofreaders or fact-checkers. The issuer is solely responsible for the content of this message.

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