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GEPetrol Managing Director Discusses Role of National Oil Companies (NOCs) in Expanding Africa’s Hydrocarbon Landscape at African Energy Week 2022

The African Energy Chamber (AEC), the voice of the African energy sector, is pleased to announce that Antonio Oburu Ondo, Managing Director of Equatorial Guinea’s national oil company (NOC), GEPetrol, will be attending and participating in Africa’s leading investment platform for the oil and gas sector, African Energy Week (AEW) (www.AECWeek.com), which will run from 18 – 21 October 2022 in Cape Town.

Antonio Oburu Ondo’s participation was crucial in highlighting the progress made by GEPetrol and overcoming the challenges faced by the NOC. The managing director will present the company’s vision as Equatorial Guinea seeks to accelerate oil and gas exploration, infrastructure rollout, and international independent participation to revitalize its hydrocarbon economy.

An engineer by profession with a Master of Science degree in Oil and Gas from the University of Aberdeen, Oburu was appointed Managing Director of GEPetrol in 2015 to lead the NOC in a series of initiatives aimed at increasing exploration activities and production capacity in gas-rich countries. international organizations, including ExxonMobil, Marathon Oil Corp, AMPCO, Chevron, Atlas Petroleum, Gunvor, Glencore have launched exploration and production operations in Equatorial Guinea. In October 2017, Kosmos Energy signed three production sharing contracts with Equatorial Guinea for the offshore blocks EG-21, S, and W.

Recently, GEPetrol and its partners, Trident Energy, Kosmos Energy, and Panoro Energy, extended a production sharing contract for Block G with the Ministry of Mines and Hydrocarbons, a development that will expand investment, exploration and production in the block until 2040.

With an upcoming round of Equatorial Guinea exploration licenses and the country aiming to attract American independents, Oburu will promote the rich basin of Equatorial Guinea, and the investment opportunities available to international oil companies to partner with GEPetrol.

Oburu also played a key role in the development, enactment and implementation of the Hydrocarbons Act designed to increase the participation of GEPetrol and other local companies such as Sonagas in oil and gas development in the central African country.

In addition, while the Ministry of Mines and Hydrocarbons positioned Equatorial Guinea as a regional hydrocarbon processing hub as part of the Gas Mega Hub, GEPetrol, under the leadership of Oburu, initiated a number of initiatives aimed at attracting foreign direct investment to expand the country’s refining capacity and to expand resource monetization. state energy.

AEW 2022 provides the perfect platform for the managing director to promote the Gas Mega Hub concept and the company’s strategy of making Equatorial Guinea a regional and continental hub for hydrocarbon processing and transport.

In addition, with Equatorial Guinea seeking to maximize oil and gas production and monetization by increasing its reserves, Oburu leads GEPetrol in discussions with local, regional and international oil and gas companies and investors to develop and expand the Zafiro oil field and the Fortuna Floating Natural Gas Project. Liquid.

At AEW 2022, Oburu will provide updates on progress regarding the development and expansion of the Zafiro project while promoting investment opportunities across the Equatorial Guinea oil and gas value chain. In addition, following the 2021 announcement by GEPetrol that the company is embarking on a series of digital transformation initiatives to remain competitive, Oburu will share the status of the initiative and its impact on reforming NOC operations. In addition, with the Organization of African Petroleum Producers, which is a member of Equatorial Guinea, calling for increased cooperation between the NOCs of its member states to address challenges in Africa’s hydrocarbon landscape, at AEW 2022, Oburu will discuss the role of African NOCs in enhancing exploration and exploitation of natural resources. the continent’s oil and gas resources to make energy poverty history by 2030.

“AEC is honored to host Antonio Oburu Ondo at Africa Energy Week, where he will participate in the NOC Forum where GEPetrol, together with other African NOCs, will broaden the discussion on how Africa can address the investment and infrastructure rollout gaps that are constraining growth. hydrocarbon sector. We are proud to have Equatorial Guinea’s entire energy value chain represented at Africa’s premier event for the sector with the Ministry of Mines and Hydrocarbons and the national gas company, Sonagas, also attending and participating to discuss the future of Africa’s energy sector,” said Tomás C. Gerbasio, Strategy Director and Business Development – ​​African Energy Week 2022.

Under the theme, Exploring and Investing in Africa’s Energy Future while Driving a Supportive Environment, AEW 2022 will host Antonio Oburu Ondo in panel discussions and high-level meetings to discuss issues such as local content development and how Africa can attract investment to improve oil and gas development.

AEW 2022 is AEC’s annual conference, exhibition and networking event. AEW 2022 brings together African energy stakeholders with international investors and partners to drive industrial growth and development and promote Africa as an energy investment destination. Key organizations such as the Organization of African Petroleum Producers, as well as African heavyweights including Equatorial Guinea and Nigeria, have partnered with AEW, strengthening the role the event will play in Africa’s energy future.

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

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GEPetrol Managing Director Discusses Role of National Oil Companies (NOCs) in Expanding Africa’s Hydrocarbon Landscape at African Energy Week 2022

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