The African Energy Chamber (AEC) is proud to announce the participation of global energy company Schlumberger as a Gold Sponsor of Africa’s premier event for the oil and gas sector, Africa Energy Week (AEW) (www.AECWeek.com), which will take place from 18 to 21 October 2022 in Cape Town. Representing one of the heavyweights of the global energy market, providing services across the oil and gas value chain, Schlumberger’s presence as a Gold Sponsor on Africa’s leading investment platform for the energy sector will be critical to discussions around the role of technology, local content and sustainable research in Africa.

As Africa seeks to optimize production, midstream and downstream activities, companies such as Schlumberger, with its innovative solutions and experience in high-profile projects in the global market, are key drivers in expanding and maximizing the energy sector. Recently, Schlumberger’s next-generation drilling service enabled the rapid development of an onshore project in West Africa, saving the operator up to nine days of drilling time, three trips and approximately $1.4 million in costs and resources.

Therefore, the application of technologies presented by Schlumberger will be of key importance for the development of sustainable energy in Africa. Considering that more than 600 million people do not have access to electricity and 900 million people do not have access to clean cooking services, the application of technology by leading oil service companies such as Schlumberger will not only ensure rapid resource development, but also exploration and production in a sustainable manner. . In the current context of the energy transition, driving sustainable exploration is key, and Schlumberger’s technologies, such as drilling emissions management and carbon capture services, will help break energy poverty while reducing carbon emissions across the energy sector.

In addition, given Africa’s preference for developing local content in the oil and gas sector, Schlumberger aims to help the continent ensure that local economies benefit from the use of domestic energy resources through participation in local capacity building, localization of supply chains and expansion of the workforce. As part of the contract that Schlumberger signed with the French major TotalEnergies for the development of the Tilenga oil field in Uganda in March 2022, the firm is committed to ensuring the implementation of a comprehensive content development plan while providing services for the project, helping to create jobs for the local population and the development of oil and gas. of the Ugandan workforce.

At the same time, Schlumberger prioritizes skills transfer and capacity building, and the company is committed to working with African stakeholders to train local talent to build a digital and sustainable energy industry. Through a number of initiatives launched by the company, including through the In-Country Value program in collaboration with the Abu Dhabi National Oil Company; a memorandum of understanding with the Qatari maritime and logistics organization Milaha; and the NSTEP program, launched in collaboration with the Nigerian Content Development Monitoring Board, where the parties will engage academia to develop software solutions for oil and gas – Schlumberger supports economic opportunity by investing in local communities.

“The Chamber is honored to receive the support and commitment of Schlumberger to intensify the development of the African narrative on global energy issues. We are proud to have a world leader highlighting the vital role of Africa’s oil and gas resources in making energy poverty history, driving socio-economic development across the continent while contributing to global energy security,” says N.J. Ayuk, Executive Chairman, AEC. .

For many years, Schlumberger has been a key supporter and major contributor to Africa’s energy and socio-economic growth. The firm has not only supported the development of oil and gas resources, but has also enabled Africa to accelerate the diversification of the energy mix to ensure energy security and access by providing renewable energy solutions such as microgrids, hydrogen, energy storage systems and smart grids. By confirming as a Gold Sponsor of AEW 2022, Schlumberger further strengthens its support and commitment to an energy secure and independent Africa.

At AEW 2022, the Schlumberger delegation will participate in high-level meetings and discussions on critical topics including energy security, energy access, oil and gas market optimization, the energy transition and climate mitigation. Under the theme “Exploring and investing in Africa’s energy future while creating an enabling environment”, AEW 2022 will provide a platform for Schlumberger to highlight project milestones on the African continent as well as the firm’s strategy to expand its presence across the continent.

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

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About AEW 2022:
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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