Feb 9, 2023

Mawazo Writing Africa

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Oil & Gas: Stakeholders Advocate for Home-Grown Technology Solution – Legit.ng

Local content drivers in Africa have championed a robust approach to fostering indigenous sustainable technology solutions and conscious investment in research and development, with a focus on creating a more realistic sustainability economic framework and professional capacity on the African continent.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, assisted in facilitating a Local Content Session at the ongoing 8th African Petroleum Congress & Exhibition, CAPE VIII, being held in Luanda, Angola.

Explaining the On the topic “Energy Transition: Challenges and Opportunities in the African Oil and Gas Industry”, Wabote expressed concern that the continent would be stranded if all international oil companies (IOCs) cut off their funding and technology from Africa. He called for strategic and sustainable cooperation and partnership between African oil-producing countries to move the process forward.

The NCDMB chief noted that Africa’s oil is fast becoming a non-existent commodity he added that the continent must now explore strategies to address the challenges in producing its hydrocarbon resources, creating finance and technology, particularly through the use of research and development.

While Angola and other petroleum are being produced, he stressed that “oil and gas producing countries, particularly in light of the global energy transition away from fossil fuels,” must prepare to advance development in Africa appropriately.

“How well prepared is Africa to produce over 120 billion barrels of oil reserves and 500 trillion cubic feet of gas without Western technology?” ate, process and market? , Finance, Expertise and Market,” he added.

The four-day conference was declared open by the President of Angola, João Manuel Gonçalves Lourenço. In his keynote address at the opening ceremony, the President outlined the concerns of Angola, Africa’s oil and gas producing country, and current efforts to limit investment in the sector due to the impact of climate change.

The Congress is co-sponsored by the African Petroleum Producers Organization (APPO), the Government of the Republic of Angola and AME Trade Ltd. organized. There is also support from the Minister of Natural Resources, Petroleum and Gas, Angola and ANPG (Agencia Nacional de Petróleo, Gás e Biocombustiveis)

Headed by the Ministry of Natural Resources and Petroleum, of the National Oil and Gas Company (NOC ), Sonangol and the national regulator, the National Petroleum, Gas and Biofuels Administration (ANPG), Angola aspires to encourage investment and development in many aspects of energy as the country stands ready to to usher in a prosperous new hydrocarbon era that is a model for other resource-rich countries in Africa.

According to the organizers, the CAPE VIII Congress will be the ideal platform for Africa’s leading oil and gas producers to address the above challenges and develop solutions to maximize its oil and gas resources. Amid developed economies’ pursuit of decarbonization and net-zero policies, energy stakeholders will have an opportunity to reinforce the case for regionally integrated supply chains and resource pooling to harness the catalytic power of hydrocarbons in a sustainable way.

A local content session, held on the second day of the Congress and sponsored by Brimont Angola, focused on “policy review and progress in implementing local content in #Africa”. The session, moderated by Engr Wabote, provided an opportunity to highlight developments and advances made in developing national content in African oil and gas producing countries, particularly in light of the global energy transition away from hydrocarbon fuels.

The session consisted of Mr. Francisco Monteiro, Chairman and CEO, Brimont Angola; Rui Guerreiro Passos, Attorney, ExxonMobil; Alcides Andrade, Strategic Planning Director, Agência Nacional de Petróleo, Gás e Biocombustiveis, ANPG – Agência Nacional de Petróleo, Gás & Biocombustívei; Mr. Mohamed Daoud, Director of Central Procurement and Logistics, SONATRACH; Mr. Emanuel Bo Dontoni, Chairman of the Angolan Indigenous Oil & Gas Service Companies Association ASSEA; dr Babafemi Oyewole, Chief Executive Officer, #EnergySynergyPartners; and Mr. Bráulio de Brito, Chairman, #AECIPA.