Paul McDade, CEO of UK-based oil and gasoline firm, Afentra, will likely be coming to African Power Week (AEW) (AECWeek.com) – going down from October 18-21, 2022, in Cape City – to debate the power transition and driving sustainable E&P exercise in Africa. The CEO will likely be main and taking part in panel discussions and networking occasions, making a powerful case for African exploration whereas setting the tone for the continent’s simply transition in 2022 and past.
With over 35 years of expertise within the oil and gasoline sector and having served because the CEO of Tullow Oil – an Africa targeted exploration and manufacturing agency – McDade is nicely positioned to drive AEW 2022 discussions round how African oil and gasoline companies can optimize their environmental efficiency whereas boosting output. Having co-founded the Afentra, McDade has taken a brand new method to African exploration, advancing the companies portfolio by means of asset acquisition in key basins. Led by McDade, Afentra’s mannequin is modern, with the companies taking on belongings from world majors divesting from African fossil fuels. By stepping up as a reputable associate for producing nations, introducing carbon discount applied sciences throughout key undertaking developments, Afentra is main Africa into a brand new period of environmentally sustainable hydrocarbon improvement.
Afentra’s most up-to-date achievement entails the corporate’s Angola debut with an $80 million acquisition deal for 2 offshore blocks within the Decrease Congo and Kwanza Basins with state power firm Sonangol. This transfer, amongst others the corporate is endeavor, positions the corporate as a perfect participant in any and all discussions on African hydrocarbon improvement. At AEW 2022, McDade will present the newest info concerning the corporate’s plans in rising investments and power output in Angola and throughout the continent. With majors exiting a number of the continent’s unexploited markets, McDade will share insights on the position independents similar to Afentra will play in positioning Africa as a worldwide power hub by means of elevated exploration and manufacturing in each frontier markets similar to Kenya, Namibia, Ethiopia, Ghana and Tanzania and in marginal fields.
“The Chamber is honored to host Afentra at this 12 months’s version of AEW 2022 the place McDade will shed insights on the quickly altering power sector and the way Africa can adapt to those modifications whereas delivering a simply and inclusive power transition that can handle the continent’s power poverty, reliability and affordability points,” states NJ Ayuk, Govt Chairman of the African Power Chamber (AEC), including that, “Afentra has taken a daring step by buying two offshore blocks in Angola, bringing in new investments and technical experience that are required to speed up the nation’s oil and gasoline output. We hope to see the optimistic affect of the transaction in enhancing the nation’s native content material improvement.”
Dedicated to serving to Africa understand its financial and social improvement targets by means of the sustainable and optimum exploitation of oil and gasoline sources, the participation of Afentra executives at AEW 2022 will likely be essential in serving to African power stakeholders achieve perception into find out how to develop African oil and gasoline in a sustainable method. Whereas the power transition and associated world local weather insurance policies disrupt Africa’s hydrocarbon panorama leading to restricted investments to spice up exploration, manufacturing and the rollout of infrastructure throughout all the oil and gasoline worth chain, sustainable options launched by market gamers similar to Afentra present a chance for the continent to maximise the exploitation of home power sources to deal with poverty and gas industrialization whereas committing to emission discount and sustainable improvement.
At AEW 2022, Afentra executives will function in high-level discussions throughout numerous summits such because the Power Transition Discussion board, the African Independents Discussion board and investor summits to debate the way forward for the African power sector.
Distributed by APO Group on behalf of African Power Week (AEW).
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About AEW 2022:
AEW 2022 is the AEC’s annual convention, exhibition and networking occasion. AEW 2022 unites African power stakeholders with buyers and worldwide companions to drive business development and improvement and promote Africa because the vacation spot for power investments. Key organizations such because the African Petroleum Producers Group, in addition to African heavyweights together with Equatorial Guinea and Nigeria, have partnered with AEW, strengthening the position the occasion will play in Africa’s power future.
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