London Investor Forum 2018
London’s Energy Investment Event of the Year
Africa Oil & Power lands in London for the first time in 2018. With an oil price recovery underway, markets have stabilized and positioned Africa for a fresh wave of oil and gas exploration and investment. Following a long period of portfolio consolidation, upstream companies are acquiring new assets and increasing capital expenditures. African governments are launching licensing rounds and FID decisions are moving forward apace.
At the Africa Oil & Power Investor Forum, the continent’s leading executives, policy makers, financiers and legal and advisory experts come together for a compelling one-day program. Program highlights will include: 2018 investor and project updates; panels on project financing and private equity, transparency and investment, and Brexit and its implications for the energy business; sessions on capital raising for private power projects, gas and E&P; and investor updates from Africa independents.
Join us in the global capital of oil and gas finance on May 10 for AOP’s first out-of-Africa event.
- Ministerial keynotes and special announcements from selected African ministries of petroleum and the UK Department of Business, Energy and Industrial Strategy to be confirmed.
- Focus on finance: panels and sessions on capital raising for Africa oil and gas projects; reaching FID in 2018; funding and realizing returns on independent power projects and more.
- The UK, Europe and Africa: AOP speakers look at the evolution of oil and gas investment ties between the UK, Europe and Africa, and the implications of Britain’s departure from the EU on African energy.
- Focus on power: Private equity, policy reform, the drive to monetize gas and renewables are all major factors in Africa’s push for new solutions to the continent’s power deficit. Our panel examines these issues from all angles.
- Investor updates: London-based upstream independents take to the stage to provide updates on African projects: breaking ground, development, financing and new investor announcements.
- Launch of Africa Energy Series: Equatorial Guinea 2018
Our special report on Equatorial Guinea’s oil and gas industry, commissioned by the Ministry of Mines and Hydrocarbons in the nation’s 50th year of independence, launches at the AOP Investor Forum in London.
Join us on May 10, 2018 at Kings Place, London for the premier energy investment event. Registration for the AOP Investor Forum 2018 is now open. Contact us for speaking and sponsorship opportunities.
Keynote SpeakersBecome a speaker
Ministers and VIPs open proceedings at AOP’s dedicated investment event.
H.E. Gabriel Mbaga Obiang Lima is the Minister of Mines and Hydrocarbons of Equatorial Guinea. Presiding over one of the largest oil and gas markets in Sub-Saharan Africa, the Minister is widely regarded for his incisive leadership and guiding Equatorial Guinea’s energy industry through a resurgence in exploration and production activity. Working in the oil and gas industry since 1997, his past positions include Minister Delegate, Vice Minister, Secretary of State for Mines and Hydrocarbons, Government Rep. in the Equity of the State in PSCs, and Presidential Adviser on Hydrocarbons. He has served as a member of the board of three public energy companies: SONAGAS, SEGESA and GEPetrol.
Honorable Ezekiel Lol Gatkuoth has been the Minister of Petroleum of the Republic of South Sudan since August 2016. He was previously South Sudan’s Ambassador to the United States and the United Nations. Minister Gatkuoth received a bachelor’s degree in criminology and criminal justice from the University of Maryland, in College Park, United States.
H.E. Abdulrahman Osman Abdulrahman is the Minister of Petroleum and Gas of the Government of the Republic of Sudan.
Formerly the Secretary General of the Ministry of Petroleum and Energy of Niger, H.E. Mahaman Laouan Gaya has led the African Petroleum Producers’ Organization (APPO, formerly known as the African Petroleum Producers’ Association) as Secretary General since 2015.
Panelists and PresentersBecome a speaker
Panelists and presenters provide their insights on Africa’s energy finance and project activities in 2018.
Dr. Oliver Quinn joined Ophir in August 2013. He has 15 years’ upstream Oil and Gas experience. He began his career as a geologist with Shell before moving to Fairfield Energy and more recently Hess Corporation where he held a variety of business development, technical and leadership roles. Oliver has been involved in E&P projects and business development across Africa, Asia, Europe, Russia and the Americas. Oliver has a BSc in Geology, a PhD in Petroleum Geoscience and is an alumni of London Business School.
Dr Nick Cooper was appointed as an Executive Director and Chief Executive Officer in June 2011. He is a member of the Nomination and Technical and Reserves Committees. Prior to joining Ophir, Nick Cooper was Chief Financial Officer and co-founder of Salamander Energy plc. He began his career as a geophysicist with BG and Amoco before joining Booz-Allen & Hamilton. From 1999-2005 he was a member of the oil and gas team at Goldman Sachs. In September 2014 Nick was appointed as Non-Executive Director of Siccar Point Energy Limited. Nick has a BSc and PhD in Geophysical Sciences and an MBA from INSEAD.
CEO and Managing Partner of Centurion Law Group, a pan-African corporate law conglomerate. From its headquarters in Malabo, Equatorial Guinea, and from affiliate and partner offices throughout Africa, Centurion assists clients that are starting or growing a business on the continent. Mr. Ayuk has been advising major companies on investment strategies, the establishment of joint ventures and cooperation structures, privatization, licensing and related tax, OHADA, Equatorial Guinea law, oil and gas, local content, litigation, negotiations, governance and other matters. He also frequently advises international oil companies, governments, oil service companies, financial institutions, development banks and construction firms across Sub-Saharan Africa.
Sebastian Wagner is in charge of Business Development and Corporate Affairs at DMWA Resources. In the past, he has worked with multinational commodity trading companies in oil trading, responsible for managing the oil trading operations across the barrel of African crude and refined products, as well as pursuing pre-financing opportunities in West and Central Africa. His regional focus has been on Congo Brazzaville, Côte d’Ivoire, Chad and Nigeria. Prior to this, Sebastian was an Investment Manager at a leading merchant banking group in sub-Saharan Africa with assets in Southern Africa, Nigeria and Equatorial Guinea, where he helped streamlining the banking portfolio through the restructuring and exit of non-core investments.
Emre Usenmez is a petroleum economist, a legal expert in oil and gas, and the Dean for Internationalisation focusing on China. He is an associate at the Aberdeen Energy Institute and at the Aberdeen University Centre for Energy Law (AUCEL). He is also a board member of Society of Petroleum Engineers Aberdeen Section. He is a co-editor of Oil and Gas Law: Current Issues and Emerging Trends and the author of Redesigning Petroleum Taxation: Aligning Government and Investors in the UK, scheduled to be published in 2017. Prior to joining Aberdeen he worked in the natural resources sector in Azerbaijan. Emre has a significant experience working with the staff of national ministries, state and private oil companies in Angola, Azerbaijan, Brazil, Ghana, Indonesia, Nigeria, Turkey, and the UK.
He holds an MSc in Petroleum, Energy Economics and Finance and an LLM in Oil and Gas Law from the University of Aberdeen. He also obtained his BSc in Economics and his BA in Political Science from the North Carolina State University. As a Dean he focusses on international engagements and on developing partnerships with academic institutions and ministries working in natural resources sectors.
Frank Monkam is in charge of origination and principal investments in West Africa for Gunvor Group, a world’s leading commodities trading house. His experience includes trading in crude oil and cross-barrel markets, as well structured finance and equity investments in the oil and gas sector. Prior to joining Gunvor, he was part of the West Africa origination team at Vitol.
Frank started his career in the fixed income markets in the US, where he was a bond portfolio manager at PIMCO in Newport Beach, CA USA. He earned a B.S. in Mathematics from the University of North Carolina A&T in Greensboro, NC, USA, where he was a NCAA basketball student-athlete, and subsequently a graduate degree in Quantitative Finance from the University of Chicago, USA.
Professor Paterson trained as a solicitor in the Office of the Solicitor to the Secretary of State for Scotland before pursuing an academic career. After studying at the EUI, Florence, Italy, he was a Research Assistant at the Centre de Philosophie du Droit, Université catholique de Louvain, Belgium, where he worked principally on the Governance Project with the Forward Studies Unit of the European Commission. He was Senior Lecturer and then Reader at the University of Westminster between 1998 and 2004 when he joined the University of Aberdeen as a Reader. He was appointed Professor of Law in August 2011. He co-directs the Centre for Energy Law as well as Aberdeen’s involvement in the North Sea Energy Law Programme with Greg Gordon.
His research has covered systems theory, the regulation of risk, governance in the EU, corporate governance and energy law. He has been involved in a number of international projects both in research and teaching. He has provided specialist training in oil and gas law and corporate governance for the corporate sector, expert advice in international arbitration, and consultancy to international organisations. He is series editor (together with Professor Julian Webb) of the Law, Science and Society series published by Routledge-Cavendish.
With a 40-year career in the resources industry, Mr. Kevin Foo has worked in five continents and has been responsible for developing mines in remote locations.
He founded Victoria Oil & Gas Plc a gas utility, exploration, production and distribution company in 2004, and was responsible for the acquisition of the Logbaba project in Cameroon.
Mr. Foo has held CEO and Chairman positions in numerous AIM-listed companies including Celtic Resources Holdings Plc, Eureka Mining Plc, Bramlin Limited and Bakyrchik Gold Plc.
Kevin Foo has been Executive Chairman of Victoria Oil & Gas since 2013.
In a career spanning 28 years in the oil and gas industry, Phillip has worked in a variety of geology focused positions commencing in 1989 at Clyde Petroleum Plc. He was managing director of Europe-focused exploration consultancy Aceca and worked in a number of locations, including Africa, as vice president for TGS and managing director of Magsurvey (UK). Mr. Slater is the founder and principal shareholder of Tudor Hall Energy and the 100-percent shareholder of UAVE. Joining the Atlas Oranto group in 2013 as its Licence Manager, Phillip accepted the role of Managing Director (International) in 2017. He draws on his subsurface geoscience experience to impact investment and technical decisions across our acreage portfolio. His focus remains exploration opportunities and he is a well-known figure amongst many of the Partners, Ministries and NOCs relevant to Atlas and Oranto’s business.
Nyonga Fofang is Managing Director of Bambili Group, an Africa-focused private equity firm. With over two decades of international capital markets, Mr. Fofang has been involved in all aspects of private equity investing including mergers and acquisitions, leveraged finance and general management.
Prior to joining Bambili Group he held several senior positions in private equity firms. He was Executive Director of the Dema Group, Executive Director of Metalion Corporation, a strategist for E. Oppenheimer and Son and a one time major shareholder of the DeBeers Mining Group.
In addition to his role at Bambili Group, Mr. Fofang is Director of SourceTrace Systems and is an Independent Non-Executive Director of Standard Chartered Bank in Cameroon.
Robert Perkins is a Senior Writer on S&P Global Platts’ London oil news desk, where he contributes to Platts Global Alert and Platts Oilgram News, Platts’ flagship oil-focused news wire and daily publication. Over the past 18 years, Robert has been involved with the coverage of a broad range of global energy and oil sector issues from oil and gas market fundamentals, corporate news, EU policy, biofuels and refining. His current beat looks at industry news and themes across the EMEA region with a focus on East Africa.
Robert also edits the EMEA section of Platts Oilgram News, commissioning, coordinating and editing news and analytical content from Platts’ regional network of staff and correspondents. Robert has also served as the lead author for analytics coverage of the Platts Top 250 Global Energy Company Rankings since 2013.
Robert began his career in 1994 as a financial/economics reporter at The Daily Journal newspaper in Caracas, Venezuela. He later worked as a financial reporter for Bridge News and Bloomberg in Caracas and Milan, before joining Platts full time in 2000 as an EMEA oil and gas sector reporter. Robert holds a joint honors bachelor’s degree in Spanish and Latin American studies and philosophy from the London Metropolitan University.
Tara O’Connor brings to ARC 25 years of specialist information-gathering and risk management experience. Tara’s areas of particular expertise are francophone and southern Africa. Since founding ARC in 2006, she has advised at board level on pre-investment and expansion strategies for Algeria, Angola, Nigeria, Congo-DRC, Cote d’Ivoire, Republic of Congo (ROC), Guinea-Conakry, East Africa and the Horn (as a region); the Franc Zone (as a region) Gabon, Liberia, Libya, Senegal, South Africa, Zimbabwe and Zambia. She has also structured and managed a series of cases that include due diligence investigations into companies and people, asset tracing, litigation-support, political profiling and political risk assessment. These also include more complex investigations, often spanning several countries.
Formerly, as Managing Director of Kroll Associates’ Africa Practice, Tara ran a business unit of specialist investigators and political analysts based in London and Johannesburg. Before Kroll, Tara spent 11 years at Control Risks in several senior management roles. She spearheaded the group’s expansion in Africa before taking a similar role for Europe, Middle East and Africa (EMEA). Tara’s career began as a political researcher with the Social Change Assistance Trust, a Norwegian and Commonwealth funded NGO based in South Africa, before moving into journalism. Born in Zimbabwe, brought up in Zambia, Tara is a graduate of the University of Cape Town.
Tom joined LSE in September 2013 to work in the Primary Markets team, to work with issuers wanting to list and raise capital on the London markets. From 2017 has taken responsibility for LSE’s international primary markets activities.
Prior to joining the LSE, Tom was at Citigroup for over 15 years. Tom was a Managing Director in the Equity Capital Markets division, originating, structuring and executing equity and equity-linked transactions across Europe. He has been involved in a large number of IPOs and follow-on capital raising over the years, including many involving a London listing. Prior to Citi, Tom worked in Kleinwort Benson’s Equity Capital Markets team from 1994 to 1997.
Tom graduated from Oxford University with a BA (Hons) degree in Philosophy, Politics and Economics.
Previous Speakers and Panelists
Speakers and panelists from our 2017 AOP event, representing the best of African energy and finance.
Akinwumi Odumakinde is the Managing Director and founder of Deltatek Engineering, a leading provider of engineering, procurement, construction management (EPCM), operations & maintenance and specialized manpower support services in Sub-Saharan Africa. He has more than 20 years of experience in the oil and gas Industry, five of which were acquired in the exploration and production sector in the US.
Mr. Odumakinde began his career with Chevron Refinery, Richmond, CA, USA where he was engaged as Summer Chemical Engineer between July and September 1987 before proceeding to Dow Chemical, Pittsburgh, CA, USA as Research/Process Engineer between July and December 1988 and Arco Oil & Gas, Bakersfield, CA, USA as Operation/Analytical Engineer between June 1990 and May 1994.
Paul Eardley-Taylor is responsible for Standard Bank’s Oil & Gas coverage activities for Southern Africa. He has more than 15 years of energy investment banking experience spanning the oil, gas, power and utilities and renewables and carbon sub-sectors. Mr. Eardley-Taylor has extensive experience of the South African energy environment, as adviser and financier.
His product experience encompasses project financing, development and advisory; privatisation; corporate banking; trade finance; leveraged finance; M&A; strategic advice; carbon; as well as associated derivative products. Prior to joining Standard Bank in 2009, he worked for HSBC and gained extensive experience of transactions across EMEA and select global markets in Asia/Australasia. He holds degrees from Birmingham University and London University and an MBA from Henley Management College.
Lloyd Manokore is a Partner and Founder of Manokore Attorneys, a specialised pan-African business law firm based in Zimbabwe which relies on additional active legal and transactional support from top tier international firms. Lloyd has a comprehensive and practical legal understanding of general business and mergers and acquisitions. He has since added to this knowledge set by advising on the minerals and extractives sector both downstream, involving fuel logistics and retail, as well as in renewable energies and coal mining. On the back of a recent announcement by the government of Zimbabwe on its intention to pursue upstream oil and gas prospects, Lloyd has been retained to work with a lead consultant in work which entails lobbying on policy formulation and the regulatory framework to be implemented. Lloyd consults regularly with diplomats and government officials on commercial matters, and has obtained high-value corporate transactions with clients originating out of Europe, the United Kingdom, the United States, India and China.
Nyonga Fofang’s career spans 20 years in international capital markets, during which he has been involved in all aspects of private equity investing including mergers and acquisitions, leveraged finance and general management.
Prior to his managing directorship of Bambili Group, Nyonga was an Executive Director of the Dema Group, a mining-focused private investment company in Johannesburg, South Africa. He was also an Executive Director of Metallon Corporation, a private investment company in Johannesburg with interests in mining and financial services, and a strategist for E. Oppenheimer and Son, a one time major shareholder of the DeBeers Mining Group. Nyonga worked as a close-ended fund equity analyst at PaineWebber Inc., a Wall Street financial services firm, and started his career at Dillon Read & Co., a New York City-based private investment group, as a risk arbitrager. He graduated from Harvard University.
Frank Ene is the President and COO of RoyalGate Energy, an Africa oil and gas independent dedicated to developing untapped prospects. RoyalGate holds offshore exploration acreage in Equatorial Guinea and Ghana.
Eric Williams is the President and Principal Consultant of Royal Triangle Energy Solutions, a consultancy firm that offers strategies for nations and companies seeking to monetize their natural resources. A geoscientist and former Minister for Energy in the Republic of Trinidad and Tobago (2002–2005), he has more than 30 years experience in the petroleum and minerals exploration industries.
During his tenure as Energy Minister of Trinidad & Tobago, Mr. Williams successfully led the restart of the negotiations of the Treaty Agreement for the exploration of cross-border maritime petroleum reserves with Venezuela. He also championed a Local Content Committee to develop the country’s first Local Content Policy. This policy guided strategies to encourage the adoption of local content initiatives by international oil companies operating in Trinidad & Tobago. He also oversaw the power generation activities in the country.
From 2009–2011, Williams served as Country Manager at a publicly listed (FTSE) independent exploration and production oil company, African Energy Resources Company Limited (AFREN) in Nigeria.
Dr. Mabouba Diagne is the Group Head of Corporate and Investment Banking for BancABC and is currently responsible for all five countries in which the bank operates. BancABC is 100% owned by Atlas Mara.
Dr. Mabouba is a seasoned international corporate banking executive with a cumulative experience of over 20 years of international banking, having worked with Commerzbank, Dresdner Bank, Credit Suisse, Deutsche Bank and Standard Bank in London and Frankfurt, with particular focus on investments, valuations, and risk. His most recent role before joining BancABC was at Barclays Bank as the Regional Managing Director and Head of Corporate Coverage for Southern Africa. Dr. Mabouba spent over five years with Barclays Bank, running six out of the bank’s 12 countries in Africa.
Dr. Mabouba speaks English, German, Italian, French and his native Senegalese language, Wolof.
Igor Hulák is a partner with A.T. Kearney, where he leads the Utilities and Oil & Gas Practices in West Africa. He has extensive industry and consulting experience, predominantly in energy and process industries. Igor is based in A.T. Kearney’s Johannesburg office.
Before joining A.T. Kearney, Igor was CEO of the Czech aircraft company Aero Vodochody. He was also the chief financial officer for Intracom Telecom and a vice president at Sitronics, a microelectronics company. Igor earned his master’s degree from the University of Economics in Prague and his MBA from Sheffield Hallam University in England. He has also studied at London Business School and the Henley Business School at the University of Reading in England.
Ian joined the Natixis Project Finance Group in 2006 and is currently Global Head of the Natural Resources & Offshore Infrastructure sector. He has over 22 years banking experience gained at Lloyds Bank, IBJ/Mizuho, and NATIXIS.
Ian has been dedicated to Project Finance for over 18 years and has specialised in the oil and gas sector since 2002. At Natixis, he is responsible for establishing the global strategy for the sector; coordinating the origination and execution of transactions; maintaining relationships with clients; and supervising the execution of transactions on which the bank is mandated.
Ian holds a BA (Hons) in Economics and an MSc in Civil Engineering, both from the University of Newcastle upon Tyne, UK. He has qualified as a Member of both the Chartered Institute of Bankers and the Association of Corporate Treasurers.
Herman Neethling is the General Manager for Shell’s Integrated Gas business in South Africa, responsible for exploration and gas market development opportunities. He has been with Shell for more than 18 years and has worked in various finance, commercial and deal management roles in the business development arena covering Sub-Saharan Africa, Europe, Latin America, the Middle East and India.
Prior to his current role in South Africa he was based at Shell global headquarters in The Hague as a Business Development Manager for Shell’s Upstream business. He has a strong track record of successful oil and gas acquisition and divestment deals, which include Shell’s recently completed ~US$63 billion acquisition of the BG Group.
Herman is a Chartered Accountant and a Chartered Financial Analyst and before joining Shell in 1998, he worked for Deloitte in South Africa and the USA.
08:30 - 10:30
Opening and ministerial keynotes
Ministerial keynotes from selected African ministries of petroleum, including the ministers of petroleum and energy of Nigeria, Equatorial Guinea, South Sudan, Sudan.
10:30 - 11:00
Sponsored networking break
Delegates and speakers break for coffee and snacks.
11:00 - 12:00
Panel: Gas to Power - The Heart of African Energy Industry Growth
Gas-to-power is at the top of the agenda at the Investor Forum. Increasing domestic usage of gas and power; funding and making policy for IPPs; and new LNG projects including floating LNG facilities drive the conversation in 2018. Our panelists take to the stage to talk natural gas and how it is driving African industries and power sectors forward.
12:00 - 13:00
Panel - Final Investment Decisions and Capital Raising in 2018
A more positive oil price outlook for 2018 points to investment decisions finally being made and capital flowing into development projects. The panel examines the legacy of ‘lower for longer’, the risk and reward of investing in African energy projects today, government policies and alternative ways to finance the new crop of projects and initiatives.
13:00 - 14:00
Delegates and speakers break for lunch.
14:00 - 16:00
Africa-focused E&P companies give investors their updates on project progress and investment decisions relating to some of Africa’s most high-impact projects.
16:00 - 16:30
Sponsored networking break
Delegates and speakers break for coffee and snacks.
16:30 - 17:00
Press conference and book launch
Ministers and company executives meet the press. Africa Energy Series: Equatorial Guinea 2018 book launched by the Minister of Mines and Hydrocarbons.
Africa Oil & Power partners with leading industry and business publications and media groups, so that the stories of our sponsors, speakers and delegates reach a global audience. We are grateful for the 2018 support of energy industry and business media partners.
The AOP Investor Forum takes place at Kings Place in London on May 10, 2018.
Venue address: Kings Place, 90 York Way, London, N1 9AG