Equatorial Guinea saw a change in its cabinet in February 2023 with former GEPetrol Managing Director, Antonio Oburu Ondo, being appointed Minister of Mines and Hydrocarbons and H.E. Gabriel Mbaga Obiang Lima moving to the Ministry of Economy and Planning. We must admit to being a trifle disenchanted, that in all the rhetoric at EGYPES, there was less about climate change, tending to signal that Africa, despite their vast desert regions, is about to embark on a global warming - fossil fuel burning spree. That will exacerbate the efforts of more developed nations to cool planet earth.

In a recent cabinet shuffle, Equatorial Guinea’s President, H.E. Teodoro Obiang Nguema Mbasogo, appointed Antonio Oburu Ondo, former Managing Director of national oil company GEPetrol, as the Minister of Mines and Hydrocarbons, with Gabriel Mbaga Obiang Lima – current President of the Organization of Petroleum Exporting Countries and the Gas Exporting Countries Forum – moving to the Ministry of Economy and Planning.

With his appointment as Minister of Economy and Planning, H.E. Gabriel Mbaga Obiang Lima will focus on attracting more investment into a number of key sectors across Equatorial Guinea, driving rapid diversification and positioning the country as a globally competitive economy. Hopefully, eventually, a truly sustainable and circular economy in United Nations terms.

Meanwhile, Antonio Oburu Ondo will leverage his years of industry experience and know-how to continue driving the industry forward, demonstrating his resolve by getting various projects off the ground, driving new drilling campaigns and developing new gas plants.

“Gabriel Mbaga Obiang Lima has done a great job in his capacity as Minister of Mines and Hydrocarbons, and now as Minister of Economy and Planning, a new era of investment is in sight for Equatorial Guinea. Antonio Oburu Ondo has a long history as someone who understands the industry, and as such, he will help keep the market stable and continue working on attracting the necessary hydrocarbon-focused investments into the country, building on the progress that has already been achieved in Equatorial Guinea,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

With over 1.1 billion barrels of proven crude oil reserves and 1.5 trillion cubic feet of natural gas, and with a slate of large-scale projects being developed under the country’s wider Gas Mega Hub initiative, Equatorial Guinea’s objectives to become a regional hydrocarbon processing hub are well underway, making clear the critical role oil and gas will continue to play in Africa. For his part, Gabriel Mbaga Obiang Lima has done an outstanding job in his capacity as Minister, progress which is set to endure under Antonio Oburu Ondo’s appointment.

“The Chamber looks forward to strengthening its relationship with Antonio Oburu Ondo in his new capacity as Minister of Mines and Hydrocarbons. We will continue to work closely with him as we have done in the past to help build a sustainable energy industry in Equatorial Guinea. The country is well on its way to becoming a global oil and gas hub, and at the Chamber, we will continue to make good on our promise to help drive new investment and development across the oil and gas value chain in Equatorial Guinea,” continued Ayuk, adding that, “Monetizing and maximizing Africa’s oil and gas reserves represents a critical way forward, especially during times of the energy transition, when Africa most needs industry expansion.”

 

 

 

 

Q&A AFRICAN ENERGY CHAMBER 6 AUGUST 2023

Q. OPEC members recently met in Vienna for the 8th OPEC International Seminar. What measures is OPEC currently taking to stabilize the market given recent price increases?

A. The global oil market has experienced a relatively volatile few years but OPEC remains committed to contributing towards market stability, both for producers and consumers alike. We have been closely monitoring the market and the associated global dynamics, and our recent seminar in Vienna featured in-depth discussions about production, and testosteron undecanoate steroïde maintaining a balance between supply and demand. OPEC will continue to monitor the market while cooperating with our member and non-member countries to address any market imbalances.

Q. Equatorial Guinea’s Gas Mega Hub (GMH) initiative continues to make progress with a Heads of Agreement signed with Marathon Oil Corporation for the second and third phases of the project. What does the timeline look like for the project? Can we expect any milestones to be achieved in 2024 and 2025?

A. Phase one of the GMH comprised the tie-back of the Alen Field to the Punta Europa Liquefied Natural Gas (LNG) terminal on Bioko Island. This phase delivered first gas in February 2021, and soon thereafter, the government, alongside its project partners, have been working towards getting phase two on-stream.

 

In March this year we signed an agreement with Marathon Oil and Noble Energy for the next two phases of the project and we expect phase two to come online as early as January 2024. This stage involves processing gas from the Alba Field while phase three will facilitate gas processing from Noble Energy’s Aseng oil and gas field. Marathon Oil is also currently evaluating two infill drilling opportunities to improve the Alba production performance.

So, we will be starting 2024 with a major milestone and are aiming to reach many more after that. We have recently also established a bilateral trade agreement with Cameroon on cross-border oil and gas development while other exploration projects continue to make progress. A similar agreement was signed with Nigeria in 2022. These endeavors open up new opportunities for the expansion of the GMH by maximizing feedstock for the terminal.

Q. With production decreasing due to natural declines in legacy fields, what efforts are being taken by the Ministry to boost output? 

A. In addition to drilling works being undertaken to improve and maintain production levels at existing fields, the Ministry is making great strides towards accelerating exploration across the country’s offshore acreage. Our recent agreement with Cameroon will see the two countries jointly develop oil and gas projects along our maritime borders, including the Yoyo and Yolanda fields, the Etinde gas field and the Camen and Diega fields.

The country’s enabling environment for investment and strong record of successful offshore finds have also seen new E&P players join the market. Earlier this year we also signed three production sharing contracts with Panoro Energy and Africa Oil Corporation. These contracts are expected to further open up the upstream market. Additionally, we have several global energy majors and independents progressing with exploration and are optimistic about these campaigns. The only way to address production declines is to explore, drilling more wells and unlocking the potential of offshore basins.

Q. Equatorial Guinea has recently inked agreements with regional neighbors Nigeria and Cameroon to expand energy cooperation. How is the government strengthening local content within the natural gas industry and how will these agreements help bolster capacity building on a regional scale?

A. Local content has and will always be a top priority for Equatorial Guinea. In our oil and gas sector, local content is enforced through the National Content Regulation and Hydrocarbons Law as well as additional ministerial decrees, individual production sharing contracts and local labor laws. Through clear regulation and regular engagement with both local and international energy companies, we continue to strengthen our local content and drive capacity building and opportunity.

In addition to policy, the government carries out skills and technology transfer through initiatives and training. We have a number of training and education institutions open and constantly engage our partners about exchange programs and bilateral skills development. Our agreements with neighboring countries fall under these efforts to up-skill and re-skill the workforce. We also believe that regional cooperation will help advance opportunities for oil and gas entrepreneurs. Our partnerships with other West African countries aim to increase trade, commerce and collaboration between Equatorial Guinea and its regional counterparts. These efforts are introducing opportunities for domestic and regional market growth as well as bilateral knowledge sharing.

Q. African Energy Week 2023 takes place under a mandate to make energy poverty history by 2030. How does Equatorial Guinea plan to leverage its resources to achieve this objective and what messages will you be driving during this year’s conference?

A. Equatorial Guinea, like many other African countries, believes that in order to make energy poverty history, we need to monetize and maximize all of our natural resources. Our efforts to increase investment and bolster development across the entire energy value chain has already been instrumental in alleviating energy poverty. Equatorial Guinea has a wealth of natural gas resources and we are making progress to leverage these resources for domestic power generation. The Bioko Turbogas thermal power plant provides reliable power to the population and as the GMH expands, so will opportunities for gas-to-power.

The country is also capitalizing on its renewable energy wealth, and invites investors and project developers to invest in the country’s green energy sector. We are also working with other countries in Africa to expand trade and regional connectivity. This year, I am looking forward to participating in a number of panel discussions, investor summits and ministerial forums, and will drive the message that gas is good for Africa. Equatorial Guinea has made significant progress to monetize both domestic and regional gas but a lot more needs to be done to maximize resources and drive industrialization and economic growth. Gas, as a clean and readily available resource, is the best way for Africa to achieve energy security while facilitating a just energy transition.

 

 

HE Tarek El Molla Minister of Petroleum & Mineral Resources Arab Republic of Egypt	HE George Papanastasiou Minister Energy, Commerce & Industry Cyprus	HE Hayan Abdul Ghani Abdul Zahra Deputy PM & Minister of Oil Republic of Iraq	HE Pedro Rafael Tellechea Ruiz Minister Petroleum, Venezuela President Petroleos de Venezuela (PDVSA)	HE Antonio Oburu Ondo Minister of Mines and Hydrocarbons Equatorial Guinea
HE Dr Walid Fayad Minister of Energy and Water Lebanon	HE Francisco da Costa  Monteiro  Minister Petroleum Resources Democratic Republic of Timor-Leste	Alexandra Sdoukou Deputy Minister for Environment and Energy Greece	Hon Judith Kapinga Deputy Minister Ministry of Energy Tanzania	HE Dr Amani Abou-Zeid Commissioner for Infrastructure, Energy & Digitalisation African Union
Ditte Juul Jørgensen Director General for Energy European Commission	HE Haitham Al Ghais Sec. Gen. Organization of the Petroleum Exporting Countries (OPEC)	HE Dr Omar Farouq Ibrahim Sec. Gen. African Petroleum Producers Association (APPO)	HE Nasser Kamel Sec. Gen. Union for the Mediterranean (UfM)	HE Osama Mobarez Sec. Gen. East Mediterranean Gas Forum (EMGF)
Dr Houda Ben Jannet Organisation Méditerranéenne de l’Energie et du Climate	HE Eng Jamal Al Loughani Organization of Arab Petroleum Exporting Countries (OAPEC)	Murray Auchincloss CEO  British Petroleum (BP)	Terje Pilskog Chief Executive Officer Scatec	Musabbeh Alkaabi  Exec. Dir. Low Carbon Solutions & International Growth ADNOC
Mohamed Ismail Mansour Co-Founder, CEO, and Chairman Infinity Power	Lorenzo Simonelli Chairman and CEO Baker Hughes	Ali Al Jarwan Chief Executive Officer Dragon Oil	Maria Rita Galli Chief Executive Officer DESFA	Dr Eng Magdy Galal Chairman EGAS
Eng Bader Saeed Al Lamki Chief Executive Officer ADNOC Distribution	Clay Neff President Chevron Int. Exploration & Production	Stefano Venier Chief Executive Officer Snam	Eugene Okpere Executive VP Exploration, Strategy & Portfolio Shell	Guangzhe Chen Vice President for Infrastructure The World Bank
Song Yu Executive Chairman United Energy Group (UEG)	John Ardill VP Global Exploration ExxonMobil	Ibrahim Abdelqader Mekki Mahgoub President & Chair ECHEM	Jean Sentenac President and CEO Axens	Mathios Rigas CEO Energean
Jean-Philippe Torres Senior Vice President Africa TotalEnergies	Antonio Pietri CEO AspenTech	Adriano Mongini CEO Azule Energy	Eng Dragoș Roibu Chief of Staff, Ministry of Energy Romania	Dr Mustapha Hamid CEO, Ghana Petroleum Authority President (ARDA)
..	..	..	..	..

 

 

 

 

EGYPES 2024 welcomed the international energy community from 19th until 21st February 2024 at the Egypt International Exhibition Center, Cairo, to address energy transition, security and decarbonisation globally. The Middle East is leading the conversation around a fair and equitable energy transition and energy future. At the nexus between North Africa, Sub-Saharan Africa, the Mediterranean, and the Middle East, Egypt is emerging as the gateway to new energy frontiers, as well as an attractive investment and partner destination in its own right. The event is supported by President Abdel Fattah el Sisi.

 

ترحب EGYPES 2024 بمجتمع الطاقة الدولي في الفترة من 19 إلى 21 فبراير 2024 في مركز مصر للمعارض الدولية لمعالجة تحول الطاقة والأمن وإزالة الكربون على مستوى العالم. يقود الشرق الأوسط الحوار حول التحول العادل والمنصف للطاقة ومستقبل الطاقة. وفي همزة الوصل بين شمال أفريقيا، ومنطقة جنوب الصحراء الكبرى في أفريقيا، والبحر الأبيض المتوسط، والشرق الأوسط، تبرز مصر باعتبارها بوابة إلى حدود جديدة في مجال الطاقة، فضلاً عن كونها وجهة استثمارية جذابة وشريكة في حد ذاتها.

 

 

aistaqbal mutamar "'iijibs 2024" mujtamae altaaqat alduwalii fi alfatrat min 19 'iilaa 21 fibrayir 2024 fi markaz misr lilmaearid alduwaliat bialqahirati, limuealajat tahawul altaaqat wal'amn wa'iizalat alkarbun ealaa mustawaa alealami. yaqud alsharq al'awsat alhiwar hawl altahawul aleadil walmunsif liltaaqat wamustaqbal altaaqati. wafi hamzat alwasl bayn shamal 'afriqia, wamintaqat janub alsahra' alkubraa fi 'afriqia, walbahr al'abyad almutawasiti, walsharq al'awsat, tubriz misr biaietibariha bawaabatan 'iilaa hudud jadidat fi majal altaaqati, fdlaan ean kawniha wijhatan aistithmariatan jadhaabat washarikatan fi hadi dhatiha.

 

 

 

 

Cairo looks to offer unprecedented participation from some 35,000 attendees and 2,200 delegates from the global energy community, as to the potential to adduce alternative Petroleum dialogue ahead of COP29 at Baku, Azerbaijan, November 2024, wherein the 'Parties' formulate plans to reverse global warming as their raison d'être.

EGYPES 2024 aims to steer leadership in climate change and sustainable energy production, focusing on responsible transition. EGYPES 2024 provides a business platform to boost bilateral trade, commerce and innovation, with 500 plus exhibiting energy related groups participating.

 

The land of the Pharaohs and Pyramids is an ideal location to discuss preventing the planet from becoming one vast desert, amid an oasis of unlimited renewable electricity, the host basking in untapped solar energy for green hydrogen via electrolyzers.

 

تتطلع القاهرة إلى تقديم مشاركة غير مسبوقة من حوالي 35000 مشارك و2200 مندوب من مجتمع الطاقة العالمي، فيما يتعلق بإمكانية تقديم حوار نفطي بديل قبل انعقاد مؤتمر الأمم المتحدة المعني بتغير المناخ (COP29) في باكو، أذربيجان، نوفمبر 2024، حيث تقوم "الأطراف" بصياغة خطط لعكس اتجاه ظاهرة الاحتباس الحراري باعتباره هدفها الرئيسي. سبب الوجود.

تهدف EGYPES 2024 إلى توجيه القيادة في مجال تغير المناخ وإنتاج الطاقة المستدامة، مع التركيز على التحول المسؤول للطاقة. توفر EGYPES 2024 منصة أعمال لتعزيز التجارة الثنائية والتجارة والابتكار، حيث تشارك فيها أكثر من 500 مجموعة عارضة ذات صلة بالطاقة.

تعتبر أرض الفراعنة والأهرامات موقعًا مثاليًا لمناقشة منع تحول الكوكب إلى صحراء شاسعة، وسط واحة من الكهرباء المتجددة غير المحدودة، حيث يستمتع المضيف بالطاقة الشمسية غير المستغلة للهيدروجين الأخضر عبر المحللات الكهربائية.

tatatalae alqahirat 'iilaa taqdim musharakat ghayr masbuqat min hawalay 35000 musharik wa2200 mandub min mujtamae altaaqat alealamii, fima yataealaq bi'iimkaniat taqdim hiwar naftiin badil qabl aineiqad mutamar al'umam almutahidat almaenii bitaghayur almunakh (COP29) fi baku, 'adharbijan, nufimbir 2024, hayth taqum "al'atrafi" bisiaghat khutat lieaks aitijah zahirat alaihtibas alhararii biaietibarih hadafaha alrayiysiu. sabab alwujudi.

tahdif EGYPES 2024 'iilaa tawjih alqiadat fi majal taghayur almunakh wa'iintaj altaaqat almustadamati, mae altarkiz ealaa altahawul almaswuwl liltaaqati. tawafur EGYPES 2024 minasat 'aemal litaeziz altijarat althunayiyat waltijarat walaibtikar, hayth tusharik fiha 'akthar min 500 majmueat earidat dhat silat bialtaaqati.

tuetabir 'ard alfaraeinat wal'ahramat mwqean mthalyan limunaqashat mane tahawul alkawkab 'iilaa sahra' shasieatin, wast wahat min alkahraba' almutajadidat ghayr almahdudati, hayth yastamtie almudif bialtaaqat alshamsiat ghayr almustaghalat lilhaydrujin al'akhdar eabr almuhalilat alkahrabayiyati.

 

 

 

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