At the Invest in African Energy reception in London, global energy companies and financial entities such as Africa Oil Corp., Standard Bank, and the Liberia Petroleum Regulatory Authority (LPRA) discussed Africa’s top energy sector opportunities. The event, organized by the African Energy Chamber (www.EnergyChamber.org), highlighted the increasing interest in Africa’s energy resources and brought together investors from the UK, US, Europe, and global markets to explore Africa’s energy prospects and the latest project developments on the continent. During a panel discussion moderated by Susan D. Maples from Curtis, Mallet-Prevost, Colt&Mosle, experts advised investors on where to focus their attention.
Paul Eardley-Taylor from Standard Bank emphasized the disparity between Africa’s potential and its current perception, pointing out the need for funding from multiple sources for large oil and gas projects in most African countries. The discussion also shed light on key exploration hotspots in southern and West Africa, where high regional energy demand, abundant hydrocarbon resources, competitive fiscal terms, and an enabling environment attract global capital, technology, and expertise.
Oliver Quinn, CCO of Africa Oil Corp., highlighted the potential of Namibia as a hydrocarbon province and the opportunities for economic growth and local content development. He also discussed plans for drilling in South Africa’s Orange Basin and Nigeria’s new petroleum act, which includes attractive fiscal terms and provisions for the energy transition. Quinn emphasized the importance of contractual stability, local content development, and job creation in Africa’s energy sector growth.
Marilyn T. Logan, LPRA Director General, highlighted Liberia’s stability, efficient processes, and investment opportunities. The event was distributed by APO Group on behalf of the African Energy Chamber.