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Welcome to our 90th issue which sees the simultaneous dual listing of Seplat on the main board of the London Stock Exchange and the Nigerian Stock Exchange. It is truly a historic moment for indigenous upstream capability which continues to go from strength to strength.
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Afren Plans Production Boost, Appoints New Director
London Stock Exchange listed Afren Plc has made a key change to its board as it outlines future plans for its operations in Nigeria. The successful Africa-focussed exploration and production company says it has plans to boost production in three of its fields.
The Aje field situated in water depths of around 3,000 feet is looking commercially viable with three out of four wells drilled on the field encountering oil and gas at intervals. Two of the wells, says Afren, have the capability to produce in commercial quantities.
The company, which seems very satisfied with its performance, says that they estimate the mean contingent resources on the oil mining lease (OML) 113 to be 167 million barrels of oil equivalent (mmboe) most of it related to the Aje field, with an additional 205 mmboe of mean prospective resources on the block. The company is moving full steam ahead after receiving approval from the Department of Petroleum Resources (DPR) on its Field Development Plan (FDP) for the Aje field. The Aje field has the capacity of production between 50,000 and 80,000 barrels per day.
The first phase of development includes two subsea production wells, tied back to a leased FPSO. The first phase of the FDP includes the recompletion of the existing Aje-4 well. In addition, a new well is to be drilled in the Aje-2 subsurface location. Afren envisages being in a position to take a Final Investment Decision (FID) within a very short time with first oil expected in late 2015 with mid-case reserves of 32.4 mmbbls.
Afren has also begun acquisition of 3D seismic over both its OML 113 and OPL 310 containing the more recent Ogo discovery on. They are hoping to be able to get a better view of the prospectivity in both licences and in particular to further assess the Ogo discovery, which was the largest discovery in the world last year. Afren has a 40 per cent interest in Ogo while Optimum Petroleum and, more recently, Lekoil own the rest of the equity in the block.
Afren stated in its report that OPL 310 extends from the shallow water continental shelf to deep water in an under- explored basin with a proven working hydrocarbon system.
Afren recently announced record cash flows for 2013 and an improvement in its historical liabilities after successfully managing to re-negotiate its tax position in respect of its investment in the Ebok field.
Whilst making plans for a production boost, Afren is also beefing up its board. Iain McLaren joins the company as a non-executive director. He will join the Audit and Risk Committee, and eventually become its Chairman.
A chartered accountant, Mr McLaren has over forty years' experience working in international financial markets, accounting and auditing as well as the oil and gas industry. He currently serves as a non-executive director of Cairn Energy Plc, and chairman of Investors Capital Trust Plc.
Chairman of Afren, Egbert Imomoh, commented on the appointment: "On behalf of the Directors of Afren, I am delighted to welcome Iain McLaren to the Board. Mr McLaren brings extensive financial accounting and capital markets experience having held senior leadership positions in both the finance and energy sectors. His experience will be particularly valuable as Afren embarks on its next phase of growth and I look forward to working with him."
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Oando Awaits Ministerial Consent for Final Closure of Conoco-Phillips Nigerian Asset Acquisition
Oando has confirmed that it has completed the financial closure of the Conoco-Phillips acquisition for which it bid $1.79 billion and that it is now just waiting for Ministerial consent for the final closure of the deal. Oando's current predicament has seen it having to agree extension after extension of the longstop date with Conoco-Phillips as they all await the consent of the Minister of Petroleum Resources (MPR) to the mammoth acquisition, which took over a year to achieve financial closure. Now, the final closure is being delayed by what many investors see as the thorn in their flesh, Ministerial Consent.
Analysts are perplexed by the process, which requires that the MPR's consent to the assignment of any interest in any petroleum licence. The requirement for consent has now been widened following the case of Moni Pulo. In view of the first instance decision in that case, the consent of the MPR is also required where a transfer of an interest in the company that holds the licence takes place. Many lawyers are outraged by the decision, which does away with principles that are enshrined in corporate law. Unfortunately, the decision was never appealed and remains the law unless or until a higher court overrules that decision.
Financial advisory firms are saying that the issue of Ministerial Consent is not conducive to investment because no one knows the criteria for consent and even more worrisome, how long that consent will take. It is known that the Department of Petroleum Resources (DPR) has a role to play in conducting an inquiry into the background and capability of the investor. However, once that inquiry is completed everything becomes opaque and it has been known to take months and in one or two cases more than a year for Ministerial Consent. Investors are clamouring, through their advisers, to have a definite time period within which Ministerial Consent will be granted following the DPR review.
As investors and their advisers ponder the situation, some in the industry are talking about taking a test case on the Moni Pulo issue to the courts to get a decision from the highest court in the land. In the meantime, while Oando continues to wait for Ministerial Consent, others are managing to find a way to begin operating through economic interests while they await the consent of the MPR to the transfer of equity. It is much more difficult for a listed company to be able to be able to get around the problem that way. And so the Conoco-Phillips divestment continues to play on with no saying when final completion can be achieved as they await Ministerial Consent.
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Ogunbiyi Steps Down from FHN, Afren
Constantine 'Labi Ogunbiyi, founding chief executive officer (CEO) of independent indigenous upstream player, First Hydrocarbon Nigeria (FHN), has stepped down from his role as CEO. He has been CEO of the company since its inception in 2011. He also steps down from the board of Afren Plc from where he was instrumental in setting up FHN and leading the fund raising effort for the acquisition of oil mining leases (OMLs) 26 and 113 by FHN.
Labi rose through the ranks of Afren to eventually become general counsel, then associate director and finally, executive director in charge of business development. From there he went on to become the founding CEO of FHN.
Afren said in a statement that: "Mr Ogunbiyi has been a core member of the executive management team since Afren's inception and assisted in establishing Afren's business from the early days of Afren's existence."
Chief Executive Officer of Afren Plc, Osman Shahenshah, said in the statement: "We would like to thank 'Labi for the instrumental role he has played in the evolution of both Afren and FHN into leading players in the Nigerian and African oil and gas industry."
Speaking about giving up his roles in Afren and FHN, Labi said: "I am extremely proud to have been a part of the establishment and evolution of Afren and FHN and to have been a part of their incredible success. From small and humble roots to becoming the leading Nigerian and independent E&P players in Africa with a world-class management team, I am safe in the knowledge that they could not be better positioned for further growth. I will remain a passionate advocate, interested and ready to support however I can. I would like to thank the board and my colleagues for their support and assistance over the years."
Labi has not confirmed what his future plans are although industry watchers are predicting that he is planning to set up his own exploration and production business to replicate the Afren story himself. The various international oil company (IOC) divestments going on at the moment could present the perfect opportunity for the personable former CEO from an oil family to finally strike out on his own or partner with other like minded individuals.
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Mart Resources Releases Umusadege Field Reserves Update
Mart Resources Umusadege Field Reserves Update Out
TSX listed Mart Resources has released the results of its reserves report prepared by RPS the international consultants who are generally regarded to be among the leading reserves analysts in the world. The report is based on an evaluation of the year end position for 2013 and includes an evaluation of the UMU-11 well, which was completed in sands previously encountered by, but not completed in, the UMU-9 and UMU-10 wells.
Summary of oil and gas reserves using forecast prices and costs (net reserves mean net reserves after royalty):
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Light and Medium Oil
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Gross
Reserves
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Net
Reserves
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Gross
Reserves
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Net
Reserves
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12/31/12
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12/31/12
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12/31/11
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12/31/11
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(Mbbl)
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(Mbbl)
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(Mbbl)
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(Mbbl)
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Reserves Category
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Proved Reserves
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Developed Producing
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4,272
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4,028
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4,622
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4,341
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Developed Non-Producing
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3,941
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3,699
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1,056
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990
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Undeveloped
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4,578
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4,111
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8,249
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7,553
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Proved
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12,791
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11,838
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13,927
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12,884
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Probable Reserves
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Probable
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5,675
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5,058
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5,367
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4,844
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Proved plus Probable
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18,466
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16,896
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19,294
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17,728
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Possible Reserves
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Possible
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6,729
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6,004
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6,154
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5,378
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Proved plus Probable plus Possible
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25,195
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22,900
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25,448
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23,107
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Summary of the net present value of Mart's reserves as at December 31, 2013 before taxes (gross reserves means Mart's working interest share of total field reserves before deducting royalties and taxes):
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Net Present Value (Before Tax) discounted at 10%
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Umusadege
$ million USD
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Reserves Category
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Proved Reserves
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Developed Producing
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$207
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Developed Non-Producing
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$136
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Undeveloped
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$140
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Proved
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$484
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Probable Reserves
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Probable
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$209
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Proved plus Probable
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$693
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Possible Reserves
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Possible
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$229
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Proved plus Probable plus Possible
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$922
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Mart has a working interest of 82.5% (before capital recovery) and 50% (after capital recovery) in Umusadege. The company says its output for March was 13,183 barrels of oil per day with just 1.5 days of downtime.
The company says that its output from the Umusadege for the month of March averaged 13,183 barrels of oil per day while crude delivered into the Agip Oil export pipeline was 350,750 barrels. Crude losses from the pipeline allocated to Umusadege for the month of February was 20,849 barrels representing about 10.1 per cent of delivery for the month.
Mart also gave an update on the Umugini pipeline construction project which it said progressed during 2013 and is due for completion in the second quarter of 2014. The Umugini pipeline will provide sufficient pipeline capacity to fully realize the current production potential of Umusadege field. Mart and its co-venturers plan to drill additional wells in the Umusadege field in 2014 to continue to develop the field and enhance the efficiency and productivity of the field.
Mart says it is also pursuing a number of potential opportunities that could diversify and expand the Company's holdings and operations.
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OPEC daily basket price stood at $104.07 a barrel Friday, 11 April 2014
The price of OPEC basket of twelve crudes stood at 104.07 dollars a barrel on Friday, compared with $104.33 the previous day, according to OPEC Secretariat calculations.
Introduced on 16 June 2005, is currently made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
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Seplat Lists in London with Market Capitalisation of $1.9 Billion, Targets Production of 85,000 Barrels Per Day
After many months of preparation, leading Nigerian oil and gas firm Seplat has finally listed on the main board of the London Stock Exchange. It sold 143.2 million shares to investors at £2.10 pounds per shares, giving the company a market capitalisation of $1.90 billion. Conditional trading of its shares began in London on Wednesday while formal admission and unconditional trading is expected on 14 April.
Seplat chose to list simultaneously on the Nigerian Stock Exchange offering 26.4 per cent of its shares in the combined market debut. The shares are priced at N576 per share. Seplat says its intentions are to raise $500 million dollars on the two markets. Seplat, which was founded in 2009 by business-men, Austin Avuru and A.B.C. Orjiakor, says it has the option to issue an additional 10.33 million shares to investors within 30 days. A leading indigenous producer, the company currently has around 60,000 barrels per day of production.
Chief Executive Officer of Seplat, Austin Avuru said: "We are already a leading indigenous independent in our home market but the market opportunities opening up in Nigeria for companies like ours are significant. The proceeds from the global offer place us in a strong position to make further acquisitions as the IOCs divest their onshore assets in the Niger Delta. We have a production target of 85,000 barrels per day by the end of 2016 from our current assets, but our ambition is to secure acquisitions which enable us to exceed this target."
Also commenting on the listing was Ibukun Adebayo, Head of Primary Markets for Africa, London Stock Exchange who said in a statement: "We are delighted to welcome Seplat to London. The successful completion of its simultaneous IPO in London and Lagos is a demonstration of how London Stock Exchange and the Nigerian Stock Exchange can complement each other in financing Nigerian industry and infrastructure. A London listing ensures that Nigerian companies have access to the world's largest pool of International equity capital and to the world's marquee investors while a Nigerian listing ensures that all available domestic funds are tapped and Nigerian citizens are provided the opportunity to participate in the wealth that is created by the development of their country's natural resources."
Seplat is the sixth oil & gas explorer with significant operations in Nigeria on London's markets. It will be the first Nigeria registered company to list its shares on London's Main Market
Overall there are five Nigerian or Nigeria focussed oil companies on London's markets. There is one other upstream explorer & producer with Nigerian operations on the Main Market (Afren). There are four oil & gas explorers on AIM, London's junior market (Sirius, SacOil, Eland & Lekoil)
Ibukun wished to add: "London Stock Exchange is the largest international stock exchange for African companies. Since 2008, Africa-focused companies listed on London Stock Exchange have raised over $9.5 billion in new and further issues."
The chief executive officer (CEO) of the Nigerian Stock Exchange (NSE), Oscar Onyema was also buoyed by the Nigerian listing. He said that he expects major listings from oil and gas companies following Seplat's listing. Currently, only 2.6 per cent market capitalization of the NSE is made up of the oil and gas industries. Ventures Africa magazine, says it expects an increase of 5.9 per cent after the listing of Seplat on the NSE.
BNP Paribas, Standard Bank, Citigroup, RBC Capital markets advised on the London IPO while Renaissance Securities and Stanbic IBTC were appointed to handle the Nigerian offering.
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Total Nigeria Plc Reveals Audited Results for 2013
Total Nigeria Plc, the downstream company of the international oil giant has revealed details of its year-end results for 2013. Revenue was up from N217,843,731 in 2012 to N283,163,160 in 2013. Profit before tax also rose from N7,098,173 in 2012 to N8,120,018 in 2013, while profit after tax rose from N4,670,917 in 2012 to N5,334,091 in 2013.
In a statement, the directors said that the company's performance was commendable as far as the operating income was concerned. They said that in spite of constrained supply, due to limited import allocations granted to the company, sales volumes grew by 13 per cent. Financial charges however increased by 21 per cent due to the delay in the reimbursement of the subsidies, the statement said.
As a result of the sustained pressure on company cash flow, due to the high and unanticipated interest charges, said the directors, dividends would remain unchanged for the year.
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CORPORATE SOCIAL RESPONSIBILITY
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Addax Petroleum Launches N37 Million Micro Credit Scheme for Women
Addax Petroleum has launched the first phase of a N37 million micro credit scheme for women in its host communities. By the time the scheme has fully evolved, it would have benefitted 868 million women. The first phase of the scheme will provide 443 women with access to the micro-credit facilities. The women in this first phase are from the host community of Addax's sole onshore mining (OML) 124 in which it owns a 100 per cent working interest.
The women who will benefit from the N27.6 million first phase of the scheme are from seven communities in Oguta Local Government in Imo State, namely Amakpu, Eziorsu, Ndioko, Ofekata III, Orsu-Obodo, Ugbele and Umuamaka. The scheme is intended to provide the women with seed funds to engage in and develop small enterprises.
Addressing the gathering at the launch of the scheme, Senior Vice President and Managing Director of Addax Petroleum Nigeria, Cornelis Zegelaar, who was represented at the event by Deputy Managing Director, Corporate Services, Tunji Mayaki, said: "We believe that access to formal financial institutions to fund a given entrepreneurial activity at the micro and small level, is challenging, as banks may simply not extend loans to rural dwellers with little or no assets for reasons ranging from requirement of collaterals to high interest rates that erode profits generated from business ventures."
Zegelaar hopes the fund will create and support entrepreneurship and improve the livelihoods of their host communities. He said that he hoped that beneficiaries would be enabled to take advantage of the diverse economic opportunities within their local communities.
Addax Petroleum has interests in 6 other offshore licences.
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Ecobank Donates Vans to Fight Pipeline Vandalism
Ecobank Nigeria says it donated two Hilux vans to the Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) to help in the fight against pipeline vandalism. The donation was revealed at a presentation ceremony in Warri, Delta State.
At the presentation event, Managing Director of Ecobank Nigeria, Jibril Aku, who was represented by the Executive Director, South South/South East, Mr. Kingsley Umadia, said the bank was making the donation to support the efforts of PPMC in its fight against pipeline vandalism, which he said is negatively impacting Nigerians and the economy. He said that vandalism is totally unacceptable and people suffer needlessly during the fuel crisis that inevitably occurs any time pipeline damage interrupts fuel supply. He said: "We will continue to do whatever we can to support PPMC in this fight."
Managing Director of PPMC, Haruna Momoh, thanked Ecobank for the donation. However, the donation is only expected to scratch the surface in the seemingly endless battle against pipeline vandalism. It seems that every time a pipeline is repaired another section is damaged the next day. It has become a very dangerous fight. Last year, two PPMC staff were killed by pipeline vandals whilst undertaking repairs to a damaged pipeline
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ADDAX- 2013/2014 ADDAX Petroleum Tertiary Scholarship Award
Addax Petroleum Development Limited invites interested and qualified candidate for its 2013/2014 National Merit University Scholarship Award Scheme. To qualify for the Award Scheme, interested applicant must submit an application with attached scanned copies of admission letter, SSCE/GCE 'O' level certificate and school ID card or national ID/driver's licences or international passport. Interested applicant must also be a Nigerian, a registered full time 100 level undergraduate in Nigerian university and must have 5 'O' level credit passes in one sitting including English language and mathematics.
Aptitude test will be conducted in five centres (Lagos, Abuja, Owerri, Port-Harcourt and Calabar) with candidates indicating their preferred centres.
All applications should be submitted via email to CRL1@addaxpetroleum.com or CRL2@addaxpetroleum.com coupled with scanned copies of credentials. The closing date for this opportunity is 25th April 2014.
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Bristow Puma Helicopters Damaged in Hangar Fire
Major oil service provider, Bristow Helicopters is reported to have suffered major damage to two of its helicopters at its base in Port Harcourt. Two of the company's $18 million Super Puma helicopters were reported to have been damaged. One is said to have been extensively damaged while another helicopter is said to have suffered less damage and is expected to be back in service soon. The fire, which is said to have started in the company's warehouse also damaged a lot of its spares and consumables.
Company Managing Director, Akin Oni said "Our insurers and agents of the aircraft manufacturer have visited the NAF base to assess the damage to the facility and the aircraft. The hangar, which was constructed last year and recently extended, had modern fire protection; detection and extinguishing systems. The systems worked as designed and also alerted the night security staff to the fire."
"We use this medium to reiterate to our clients, the authorities and the general public our commitment to safety. We also wish to state that no life was lost and there has been minimal disruption to our operations in Port Harcourt as a result of this incident. Our gratitude goes to all parties that assisted in helping to fight the fire, their intervention helped prevent the fire from causing further damage," he added.
The company is said to have resumed operations the next morning, completing all scheduled revenue flights. No injuries were reported from the incident.
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NPDC - Provision of Plastic Cans and Caps for Lubricants
Nigerian Petroleum Development Company (NPDC), invites interested and registered Nigerian companies to respond to the opportunity for the provision of plastic cans and caps for its new branded lubricant plastic containers. The scope of service covers the provision of 1 liter, 4 liter, and 24 liter plastic cans and their caps. Only tenderers who are registered NJQS product /service category quality assurance and quality management system shall be invited to submit technical bids. The closing date for this opportunity is 14th April 2014.
Chevron- Provision of Welding Services
Chevron Nigeria limited invites interested and registered Nigerian companies to respond to the opportunity for the provision of welding services. The scope of service covers the provision of skilled, qualified and certified personnel, supervision, services,transport, testing devices, equipment, tools, and each and every item of expense,necessary for the rendering of welding service utilizing diesel driven welding machines, GTAW welding machines, cables and all associated equipment such as electrode holders, earth clamps and equipment required for welding work, and welding gasses such as Argon. Only tenderers who are registered withNJQS in the relevant Product/Service category 3.05.17 (Welding Services) shall be invited to submit technical bids. The closing date for this opportunity is 17th April 2013.
Sterling Oil - Provision of Insurance Services
Sterling oil exploration and Production Company limited invites interested and registered Nigerian companies to respond to the opportunity for the provision of all risk insurance package for major oil and gas companies. The scope of service covers the provision of operational insurance to cover physical loss and/or damage to property, and the general third party liability risk to wells and production facilities. Only tenderers who are registered with the relevant NJQS product/service category, 3.14.32 (non-life insurance services) shall be invited to submit technical bids. The closing date for this opportunity is 18th April 2014.
Agip - Provision of 3D Seismic Data Reprocessing
Nigerian Agip Oil Company Limited (NAOC) invites interested and registered Nigerian companies to respond to the opportunity for the provision of 370sq. Km 3D seismic data reprocessing on its OML 116 western area. The scope of service covers the processing of data of about 370 sqkm, which is expected to undergo AENR revised processing sequences. Only tenderers who are registered with the relevant NJQS product/service category, 2D/3D seismic data processing (31002) categories A,B,C,D shall be invited to submit technical bids. The closing date for this opportunity is 23rd April 2014.
SPDC - Provision of Seismic Tape Storage/Integrity and Database Maintenance Services
Shell Petroleum Development Company invites interested and registered Nigerian companies to respond to the opportunity for the provision of seismic tape storage/integrity and database maintenance services. The scope of service covers the provision of seismic tape integrity and preventive maintenance and storage/retrieval of seismic tapes. Only tenderers who are registered withNJQS product/category 3.10.99, other seismic services categories A and B shall be invited to submit technical bids. The closing date for this opportunity is 23rd April 2013.
SNEPCo- Provision of Solids Control Services Shell Nigeria Exploration and Production Company Limited (SNEPCo) invites interested and registered Nigerian companies to respond to the opportunity for the provision of Solids control services. The scope of service covers the provision of high speed centrifuges and motors; high pressure jet washers/wash guns and mini mud vacuum to maintain rig cleanliness. Only tenderers who are registered with NJQS in the relevant Product/Service category shall be invited to submit technical bids. The closing date for this opportunity is 29th April 2013. SNEPCo- Provision of Mud Logging Services Shell Nigeria Exploration and Production Company Limited (SNEPCo) invites interested and registered Nigerian companies to respond to the opportunity for the provision of mud logging services. The scope of service covers the provision of full suite advanced mud logging services (equipment and personnel), real time pore pressure prediction (prevue). Only tenderers who are registered withNJQS 30407- mud logging in the relevant Product/Service category shall be invited to submit technical bids. The closing date for this opportunity is 29th April 2013. NNPC - Renovation of Group Finance and Account Division Zonal Archive Nigerian national petroleum corporation (NNPC) invites interested and registered Nigerian companies to respond to the opportunity for the renovation of group finance and account division eastern zonal archive. The scope of services covers the mobilization and demobilization of temporary facilities. Interested companies are advised to submit full details of company profile complete with their CAC Certificate of Incorporation in Nigeria and certified copies of Memorandum and Articles of Association of the company and CAC form C07. The closing date for this opportunity is 2nd May 2014. EEPNL-Provision of Weir Pumps Inspection and Maintenance Call-off Services Esso Exploration and Production Nigeria Limited (EEPNL), invites interested and registered Nigerian companies to respond to the opportunity for the provision of weir pumps inspection and maintenance call-off services to support EEPNL's deepwater offshore operations including the maintenance of FPSO (Floating, Production, Storage and Offloading) . The scope of service covers the provision of fully trained and qualified personnel (service technician/service engineer) to perform inspection, scheduled maintenance, ad-hoc troubleshooting, performance tests, repairs and overhauls of weir pumps, provision of exchange equipment and components, and onshore support of services (Workshop). Only tenderers who are registered withNJQS in the relevant Product/Service category shall be invited to submit technical bids. The closing date for this opportunity is 2nd May 2013.
SNEPCo - Provision of Cementing and Pumping Services Shell Nigeria Exploration and Production Company Limited (SNEPCo) invites interested and registered Nigerian companies to respond to the opportunity for the provision of cementing and pumping services for the company. The scope of service covers the provision of primary and remedial cementing operations required for well delivery process. Only tenderers who are registered withNJQS product/category shall be invited to submit technical bids. The closing date for this opportunity is 3rd May 2013.
ADDAX- Provision of Supply Board Tank Cleaning and Disposal Services Addax Petroleum Development Limited invites interested and registered Nigerian companies to respond to the opportunity for the provision of supply board tank cleaning and disposal services for the company. The scope of service covers the provision of personnel, equipment and logistics to carry out proper cleaning of APD(N)L supply boat tanks and other tanks and the evacuation and disposal of waste from APD(N)L supply boat tanks and other wastes in line with other applicable environmental regulations. Only tenderers who are registered withNJQS product/category 3.15.07 waste management services categories A, B, C, and D shall be invited to submit technical bids. The closing date for this opportunity is 6th May 2013. |
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2nd Africa Oil & Gas, Finance and Investment Forum
Following the success of the 1st Africa Oil & Gas Finance and Investment Forum, the AOGFI event from the 23rd to the 24th of September in Dubai, will once again bring together industry leaders and government bodies alongside investors, analysts and financial institutions to discuss future finance and investment opportunities in African oil & gas.
Covering an extensive oil and gas exploration area, both onshore and offshore, and with its huge hydrocarbon potential spurred by new discoveries in the eastern part of the continent, Africa will soon begin to play a strategic role as a world oil and gas supplier.
AOGFI 2014 will explore the environment that will attract sustained investments and finance to African oil and gas in a time of global economic uncertainty and changing regulatory environments.
AOGFI 2014 is organised by AME Trade Ltd and supported by APPA Fund and Dubai Chamber.
New for 2014:
- Pre-conference workshop for in-depth sector analysis and assessment
- Sector focused sessions - upstream, midstream and downstream opportunities
- Roundtable discussions with leading African NOCs and Ministers
For more information about the event please visit the website www.aogfi.com.
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22nd Middle East Petroleum and Gas Conference
Dubai, UAE
13-15 April 2014
www.mpgc.cc
20th Western Africa Oil, Gas and Energy
Windhoek, Namibia
14-16 April 2014
http://www.petro21.com/events/?id=858
The Republic of Congo's Second International Hydrocarbons Conference & Exhibition
Brazzaville, Republic of Congo
14 - 16 April 2014
http://ciehc.com/englishhome/
Oil Spill Conference Nigeria 2014
Accra, Ghana
April 23-25 2014
www.oilspillconferenceng.com
5th Eastern Africa Oil, Gas and Energy
Nairobi, Kenya
28-30 April 2014
http://www.petro21.com/events/?id=851
Sub-Saharan Africa Oil and Gas Conference
Houston, Texas
1-2 May 2014
http://www.energycorporateafrica.com/
Oil Technology Conference
Houston, USA
5-8 May
www.otcnet.org
Africa LPG Trade Summit
Accra, Ghana
7-9 May 2014
www.cmtevents.com
Platts Global Crude Oil Summit
London, UK
13-14 May
http://events.platts.com/crude-oil-summit-2014
The 11th Maghreb, Mediterranean, Mideast Upstream Conference 2014
Nicosia, Cyprus
19-21 May 2014
http://www.glopac-partners.com
11th African Independents Forum
London, England
2-3 June 2014
http://www.petro21.com/events
Oil and Gas Strategic Recruitment Forum
Aberdeen, UK
03 June 2014
http://www.oghr.co.uk/events/recruitment
Somalia Oil and Gas
Somalia
9 June 2014
http://www.somalia-oil-gas.com
East Africa Oil and Gas Summit
London, UK
10-12 June
http://eastafrica-oil-gas.com
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Best wishes 
Remi Aiyela
Editor-in-Chief
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