AOP 2017 > Program

Program

In 2017, we turn our attention to an industry anticipating a market recovery and what companies and governments are doing to position themselves for a resurgence. What is the outlook for frontier exploration and capital allocation? Has the price decline pressured governments to revise investment terms to be more competitive? How do public and private entities work together to push forward critical energy infrastructure and export projects?

Download the Program

  • 09:00-10:00
    Opening Remarks and Ministerial Keynotes

    The official opening of Africa Oil & Power 2017, including Ministerial Keynote speeches and welcome addresses by the organizers and partners of AOP.

  • 10:15-11:30
    Southern Africa

    World-class gas discoveries in Mozambique and Tanzania and ongoing frontier exploration throughout Southern Africa have transformed the energy dynamics in the region. As South Africa grapples with chronic power shortages, the region’s countries have been brought together by energy interdependence resulting in historic collaborations through gas pipelines and an LNG exchange. Meanwhile, countries like Mozambique and Tanzania by the challenges and opportunities of bringing their gas discoveries to market and how much of their resources to reserve for local uses. Our diverse panel examines the political and market forces that are shaping a new energy paradigm for the entire region.

  • 11:45-13:00
    The Gas Game

    Abundant in supply, natural gas is likely to have a primary role in the development of Africa’s energy sector. Cheap fuel has the ability to boost Africa’s power sector growth, as well as further the diversification of downstream industries. Governments and companies are getting serious about gas monetization schemes, pricing and policies and developing a gas infrastructure to take advantage of the plethora of gas resources on the continent. Projects in LNG, especially FLNG, could be the cornerstone of this development.

  • 13:00-14:30
    Lunch

    Speakers, panelists and delegates break for lunch

  • 14:30-15:45
    Frontier Exploration in Africa

    With Brent crude oil prices averaging $43 per barrel in 2016, exploration projects across the continent have been delayed or cancelled. The desire to de-risk investments has led many players to farm-in/farm-out opportunities. Despite price volatility, Africa still attracts plenty of interest, with bidding rounds taking place this year in Gabon, Uganda, Egypt and Equatorial Guinea. Exploration frontiers like Kenya and Mauritania continue to host noteworthy discoveries. Budgets are tight but an expected price recovery in 2017 could free up cash for exploration spending.

  • 16:00-17:30
    EG Ronda 2016 Licensing Round Conclusion

    Equatorial Guinea’s EG Ronda 2016 licensing round formally concludes at AOP 2017, with a ministerial keynote from His Excellency the Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima and ministry officials, and a dedicated press conference. H.E. the Minister will announce the successful bidding companies, which will then enter negotiations with the Equatorial Guinea government for offshore exploration acreages.

  • 20:00-late
    Gala Dinner

    The inaugural AOP 2017 Gala Dinner, featuring a keynote address and awards ceremony, celebrating Africa’s foremost achievers in the energy industry. With thanks to our sponsor Fortuna FLNG.

  • 09:00-10:30
    Ministerial Keynotes and Market Spotlight: Nigeria

    Day two begins with Ministerial Keynote speeches, followed by an in-depth look at Nigeria’s energy sector.

    Africa’s oil and gas powerhouse, Nigeria is where Africa’s oil and gas innovations and enterprises are incubated. While its private sector is dynamic, delayed legislative change combined with economic troubles and militancy have stifled activity. Local companies, now well established as oil producers and regional firms, have adapted and shifted their business models to keep the taps open and find new ways to profit. Our panel faces questions on E&P in 2017, regional expansion, gas-to-power and power reform.

  • 10:45-12:00
    Oil & Gas Trading

    One of the few advantages of the drop in oil and gas prices is the ability to stockpile products while the goods are cheap. However, most African countries have not developed storage infrastructure. Despite Africa’s position as a lead oil producer, it has very limited refining capacity, leading to many producers, such as Angola and Nigeria, exporting crude oil and importing refined oil at an additional cost. While creating short-term challenges, the gap leaves room for development of refineries and storage facilities, as well as progress in commodities exchanges.

  • 12:00-13:30
    Lunch

    Speakers, panelists and delegates break for lunch

  • 13:30-14:45
    Power Projects

    Africa is starting to see power as a basic right, but infrastructure is not cheap. Gas-to-power plants still cost nearly $1 million per megawatt and can take several years to build. Cash-strapped governments rely on IPP’s and PPP’s to explore fast-track go-to-market power solutions. But volatile commodities, uncertain regulatory frameworks and funding mechanisms all play their part in determining the success of a project. Our panel of experts discuss what it takes to light Africa.

  • 15:00-16:15
    Power Policy and Investment

    There are no silver bullets or quick fixes to Africa’s power shortage. Successful countries have deployed an all of the above approach that depends on multiple sources of energy. The need for short-term power supply solutions are clear, even as countries and regions co-operate to formulate long-term strategies to provide power and connect grids. At the center of this is smart public policy and immediate action to bring power to the people.

  • 16:30-17:30
    Policy and Law

    Investors rank uncertain regulatory outlook as one of the biggest challenges of doing business in Africa oil and gas. Africa’s complex legal framework varies greatly by country. Efforts such as the Organization for the Harmonization of Business Law in Africa cannot be undervalued. Despite the complexities, Africa is seen as a prime investment spot, with competitive production sharing agreements and licensing terms and favorable national content regulations. But courting investment means competing with jurisdictions throughout the world. Is Africa still competitive? Our panel takes this one.

  • 09:00-10:30
    Ministerial Keynotes and Market Spotlight: South Sudan

    Day three begins with Ministerial Keynote speeches, followed by an in-depth look at South Sudan’s energy sector.

    South Sudan, East Africa’s only mature oil producer, has faced monumental challenges in nation building since 2011. In 2017 investors are taking notice again. Earlier this year the government signed its first petroleum contract since 2012 and plans to open more areas for exploration. As the end of the recent conflict appears to draw close, producers are preparing to go back to the field and explorers are looking for new opportunities. Our panel discusses security, investment risk, new entrants and local content in South Sudan.

  • 10:45-12:00
    Upstream Development and Production

    When the oil price crashed, capex spending was the first to be slashed, but production also took a heavy toll. Africa’s share of global oil production declined again in 2016. With a need to balance short-term strategies and long-term value, companies are maintaining a diverse portfolio and balancing allocation of capital. Meanwhile, a volatile price environment has put pressure on host governments and companies to sustain output.

  • 12:00-13:30
    Lunch

    Speakers, panelists and delegates break for lunch

  • 13:30-14:45
    Finance and Investment

    The low oil and gas price has led to the deferment of $300 billion in final investment decisions, and exploration capex is down by 38 percent. An oil price recovery in 2017 will do little to ease financial pressures on companies and governments alike. A $50 oil benchmark still calls into question Africa’s competitiveness against other parts of the world and whether the continent is sourcing enough investment for all its needs. The competitive environment is leading to farm-in/farm-out exchanges, consortium arrangements to de-risk investment and effective risk management to make improve the investment profile.

  • 15:00-16:15
    Private Equity

    The greatest challenge for oil and gas firms in the current environment is access to financing. Private equity’s profile has been rising in Africa over the past five years. Now, with distressed assets in the oil and gas industry, weakened currencies in exporting markets and creative financing means sought for energy projects, PE firms are increasingly looking at African energy. The signs, including enhanced regional cooperation and massive infrastructure growth, point to even greater PE involvement in Africa, particularly the energy industry, in 2017 and beyond.

  • 16:30
    Conference Closing Ceremony

    The official closing ceremony of Africa Oil & Power, followed by a cocktail party.