Angola craves for FDI for bankable oil projects
Africa Oil & Power supports Angola with year-long FDI campaign in 2020 to promote capital inflow into bankable projects; Angola Oil & Gas Conference & Exhibition (AngolaOilAndGas2020.com) returns to Talatona June 16-17, 2020; “Angola: African Investment Capital 2020” will capitalize further on the critical reforms passed by Angola President H.E. President João Manuel Gonçalves Lourenço
Africa Oil & Power (AfricaOilAndPower.com), acclaimed Africa’s premier platform for energy investment and policy, said it will return to Angola in 2020 for a year-long campaign to promote and attract foreign direct investment (FDI) in Angola. The country said it will capitalize further on the critical reforms passed by it President, João Manuel
Endorsed by the ministry of mineral resources and petroleum and in partnership with the African Energy Chamber, the Angola Oil & Gas (AOG) Conference & Exhibition will return for a second year as the focal point of an international investment drive aimed at bringing new deals to the table and signing up new entrants to Angola’s oil and gas sector.
The next edition will be held June 16-17, 2020 in Talatona. Surrounding the conference will be a year-long global drive to present opportunities to a targeted audience of relevant investors.
“Thanks to the President’s sweeping reforms, Angola has embarked on an ambitious drive to attract foreign direct investment. Africa Oil & Power said it is proud to support those ongoing efforts with a global promotional campaign. The AOG Conference & Exhibition, which has become an unmissable, unrivaled national investment event, will provide a strong anchor point for the 2020 initiative, said Guillaume Doane, CEO of Africa Oil & Power.
Capital inflows into bankable projects will be a primary objective of the 2020 effort. Ongoing initiatives being promoted include the 2020 oil and gas licensing round, marginal field development, gas monetization, Sonangol’s Regeneration Program and attractive projects across the value chain, including the international tender for the Soyo refinery and the ramp-up of the Cabinda and Lobito refineries.
The AOG Conference & Exhibition is the second edition following a highly successful inaugural event in June 2019 that brought more than 1,700 delegates, 67 speakers and nearly 50 exhibitors. Officially endorsed by the ministry of mineral resources and petroleum, AOG 2019 gathered key government officials and C-suite executives from across the energy value chain for a week of keynote presentations, moderated panel discussions, exhibitions, networking gatherings and investment facilitation.
With two days of conference and exhibition, and one day of workshops led by Microsoft, PwC, Centro de Apoio Empresarial, Friburge and Administração Geral Tributária, Angola Oil & Gas 2019 was one of the most highly attended events in Angola’s oil and gas history. H.E. President Lourenço and H.E. Diamantino Pedro Azevedo, minister of mineral resources and petroleum, opened the conference, with speeches delivered by H.E. José de Lima Massano, Governor of the National Bank of Angola, Eng. Seabstião Pai Querido Gaspar Martins and Eng. Paulino Jerónimo, CEO of ANPG.
Private sector keynotes and appearances were given by Total CEO Patrick Pouyanné and ExxonMobil’s Senior VP of Upstream Oil & Gas Deepwater Hunter Farris, among others. The event received strong support from the Angolan oil and gas industry, with major players including Sonangol, Total, ExxonMobil, Chevron, Eni, Equinor, BP, Schlumberger, Baker Hughes, Halliburton and other international companies participating as sponsors, exhibitors, speakers and delegates.
The 2020 event aims to expand in size, scale and prestige. Anchored by a VIP program of senior government officials and global CEOs, AOG 2020 will be the premier gathering for deal making and networking. Discussion points will include offshore oil and gas exploration and licensing, gas monetization, market entry, the ease of doing business in Angola, digitalization and oilfield technologies. New to the conference will be a Digitalization and Technology forum, which will showcase advanced technologies pioneered in Angola on the exhibition floor.
By Chibisi Ohakah