Africa Oil & Power 2019

July 2019 News

Now the official conference of South Africa’s Department of Energy, the flagship Africa Oil & Power (AOP) conference returns to Cape Town on October 9-11, with more than 20 petroleum and power ministers to speak on the theme #MakeEnergyWork.

As the sole platform taking an integrated approach to oil, gas, power and economic growth, AOP drives tough conversations as Africa sees massive advancements in its power sector and moves to develop historic oil and gas discoveries. Under the #MakeEnergyWork theme, AOP 2019 will show how oil, gas and power can generate greater opportunities for the people of African nations and stimulate sustainable economic growth.

In 2018, Africa’s oil and gas sector saw an oil production rate of 8,1 million bpd, gas production of 0,23 trillion cubic metres, and LNG exports of 41 million tons per annum, 10% higher than in 2017. Oil and gas licensing rounds were launched in 16 countries.

The electrification rate in Africa is 43%. Despite important advances made in rural areas, this highlights the opportunity that still remains to build and finance energy infrastructure to bring power to 600 million people. The Renewable Energy Independent Power Producer Procurement programme has so far seen the procurement of over 100 IPP projects. In eight years the programme has created 38 701 full time jobs and contributed over R200 billion in private sector investment in South Africa, according to Minister of Energy, Jeff Radebe.

“Since inception, Africa Oil & Power has been a platform for building alliances and facilitating the deals that drive African energy sectors and economies forward,” said Guillaume Doane, CEO of Africa Oil & Power. “The opportunity provided by oil, gas and power in all forms is critical to discussions on how to grow African economies. Energy is at the centre of any conversation on African economic growth and transformation, which is why the #MakeEnergyWork theme is so exciting.”

For more information contact Sanri van Wyk, SVW Communications, +27 21 461 3203, [email protected], www.svwcommunications.com

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