September 30, 2022

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West Africa’s premier power occasion returns for its second version on the 1-2 September 2022

6 min read
Vitality Capital & Energy (ECP), in partnership with Petrosen, the Enterprise Council of Renewable Energies...

Vitality Capital & Energy (ECP), in partnership with Petrosen, the Enterprise Council of Renewable Energies of Senegal and COS-Petrogaz, is proud to announce the return of the esteemed MSGBC Oil, Gasoline & Energy convention and exhibition. Happening on the 1st-2nd of September 2022 in Dakar, the second version of the area’s premier power occasion represents the perfect platform for the alternate of topical info on the power sector and present market.

Chatting with the caliber of the occasion, the assist and participation of regional ministers has positioned the convention as probably the most appropriate platform for power stakeholders to have interaction and signal offers, a development which is able to solely proceed in 2022. Along with high-level executives, the 2022 agenda and subject program shall be related to all stakeholders throughout the worth chain.

Delegates can count on a variety of technical and strategic classes, lunch conversations, investor matchmaking capabilities, in addition to dwell on-stage interviews with power professionals.

Relating subjects starting from power sector financing; regional cooperation in power growth and selling cross-border synergies; MSGBC power {industry} youth; girls in power; and the newest developments in exploration and new licensing spherical alternatives, to call a number of, the convention will give attention to making certain that pure useful resource growth continues to translate into long-term financial and sustainable regional progress.

The MSGBC area is exclusive in that it boasts vital sources throughout a number of sectors. On the oil and fuel entrance, the area is taken into account to be within the early phases of a hydrocarbon increase, having hosted a succession of world-class discoveries such because the cross-border GTA discipline and the Sangomar oil discipline.

Notable discoveries embody the BP-operated Yakaar-Teranga and BirAllah discoveries offshore Senegal and Mauritania, which have been appraised to comprise as much as a mixed 85 trillion cubic ft of pure fuel. Moreover, the Bambo-1 effectively offshore The Gambia, operated by oil and fuel exploration firm FAR, is anticipated to comprise a prospect of 1.1 billion barrels of oil whereas in Guinea-Bissau, the Sinapa oil discovery, additionally operated by FAR, options contingent sources of an estimated 72 million barrels of recoverable mild oil.

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Whereas unbiased explorers have been extremely profitable in revealing the potential of the basin, regional leaders stay centered on making certain world-class discoveries translate into sustainable developments.

Talking in the course of the 2021 version of the occasion, H.E. President Macky Sall acknowledged that “A number of days after the tip of COP26, I need to additionally draw the eye to the choice taken by sure nations to cease international financing to fossil fuels, together with the fuel sector, at the same time as using different extra polluting power sources continues. At a time when a number of African nations are getting ready to take advantage of their vital fuel sources, the tip of funding for the fuel sector, beneath the pretext that fuel is a fossil power, would bear deadly value to our rising economies.”

Recognized regional prospects have the potential to remodel each the area and the continent at massive, ushering in a brand new wave of growth and accelerated socio-economic progress. Masking an space of 600,000km2, extending from the Cap Blanc Fracture Zone, offshore northern Mauritania, to the Guinea Fracture Zone, located off the coast of Sierra Leone, these discoveries have resulted within the area turning into a hotspot for growth, putting it close to the highest of the listing as one in all Africa’s most enjoyable alternatives for exploration and growth.

“The central a part of our efforts in Sangomar is structured round our nice drilling marketing campaign. The Ocean black rhino FPSO, operated by Diamond Offshore, is drilling away as we converse on what is among the largest drilling campaigns on the earth right now,” acknowledged Andy Demetriou, Managing Director for Woodside Senegal.

“Pure fuel has a key function to play within the power transition in addition to within the energy technology ambitions of our nation, significantly inside our gas-to-power technique,” Massaer Cisse, BP’s VP and Head of Nation for Senegal, stated.

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Along with oil and fuel, the area is taken into account to be one of many richest relating to renewables sources and human capital, whereas providing profitable related sector alternatives equivalent to forestry, agriculture, and mining.

Giant-scale tasks such because the 450MW Souapiti hydropower station in Guinea Conakry and the 158MW Taiba N’diaye Wind Farm in Senegal emphasize the renewable potential of the area, and whereas stakeholders transfer to diversify the power combine and improve inexperienced funding, MSGBC Oil, Gasoline & Energy 2022 will serve to boost this development.

By using its vital pure and human capital sources, the MSGBC area is poised to drive itself in direction of a brand new period of power sector progress whereas striving in direction of a good and simply power transition.

Following the 2021 version of the convention and exhibition – which endeavored to extend funding throughout the whole power worth chain and in sectors starting from hydrocarbons, renewables, infrastructure, and energy technology – MSGBC Oil, Gasoline & Energy 2022 will current regional ministers, high-level delegates, and top-tier power enterprise leaders with the chance to signal offers for regional growth throughout the basin.

Masking the upstream, midstream, and downstream sectors, the occasion goals to empower capability constructing and inspire a switch of abilities and know-how to the area.

“Whereas we’ve to have the ability to adapt and scale back greenhouse fuel emissions, the local weather injustice that we face right now makes us imagine that we should do our degree finest to show in direction of social justice, in any other case, we’ll run the danger of destabilizing the world,” acknowledged H.E. Aïssatou Sophie Gladima, Minister of Petroleum and Energies for Senegal, concluding that, “The world must work hand-in-hand to develop, develop, and to be secure.”

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General, the summit serves as the one occasion devoted to power growth in Mauritania, Senegal, The Gambia, Guinea-Bissau, and Guinea-Conakry, demonstrating ECP’s long-standing dedication in direction of attracting funding in one in all Africa’s most enjoyable areas.

Constructed towards a backdrop of sizeable oil and fuel discoveries and related large-scale multi-sector undertaking developments, MSGBC Oil, Gasoline & Energy 2022, beneath the auspices of the Authorities of Senegal, will return to Dakar in September 2022 to additional improve funding within the basin whereas emphasizing the area’s success relating to cross-border cooperation and integration.

Throughout the 2022 version, audio system and delegates will acquire data, alternate concepts, develop methods, and profit from important perception provided by {industry} friends on topical points surrounding the power sector. MSGBC Oil, Gasoline & Energy 2022 appeals to a various viewers and shall be instrumental within the area’s power and financial future.

“MSGBC Oil, Gasoline & Energy is the only real power convention devoted to the whole MSGBC area. Throughout the 2022 version, delegates can count on a powerful line-up of industry-focused panel discussions, progressive networking experiences, technical and strategic classes, in addition to investor-matching capabilities that every one serve to place the area as a globally aggressive power market.

Backed by sizeable oil, fuel and renewables reserves, modernized legislature, and robust regional relationships, the area is about to expertise unprecedented power and financial progress, with MSGBC Oil, Gasoline & Energy 2022 additional enhancing this development. By attending and taking part within the convention, power stakeholders from all around the world might be part of the area’s power revolution,” states Kelly-Ann Mealia, ECP chairperson.

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