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In the post-pandemic era, the rising oil prices, the discoveries of significant offshore oil and gas fields in West Africa, and aims of accelerating monetization of regional hydrocarbon by 2050 have driven demand for active offshore upstream exploration in West Africa. And global players are rapidly regaining their strength and seizing for hot markets.
From end of 2022 and beginning of 2023, Nigeria and Sierra Leone held new round of offshore bidding separately,Ghana is planning for new deep offshore bidding now. During 2019 to 2022, the West African countries such as Angola, Côte d’Ivoire, Senegal, Equatorial Guinea, Congo, Liberia, Gambia, either launched bidding round or opened for direct negotiation for untapped blocks. Many of the IOCs acquired new blocks, while some players withdrawals have unlocked some fields’ opportunities.
Meanwhile, projects in several West African countries are heading for FID in 2023, and others are under steady development. As a result, offshore upstream market in West Africa represents a huge opportunity and are demonstrating new vitality in the post-pandemic age.
What is status of different projects in West Africa countries? What challenges and concerns of the government, NOCs and IOCs are facing now and how could involve in the projects to provide solutions? The West Africa Offshore Upstream Conference 2023 is committed to gathering the most related players for the hottest topics and projects, and to building a comprehensive platform for information sharing, highly-level communication, and best practices showcasing.
With the theme of “Driving Exploration of Offshore Hydrocarbons for Regional Development and Focusing on Sustainable Economic Development in Future”, the 2-day summit will gather more than 350 attendees from the government, regulators, national oil companies, international oil companies and investors, related association, seismic contractors, drilling contractors, EPCI contractors, subsea contractors and many leading services and equipment vendors. The conference will discuss the highlights on “Overall Situation West African Offshore Exploration Strategy and Bidding Round”, “Well-managed Financing and Regulatory Practices to Support Investment for Exploration Project Landing”, “Local Content Development for the Future Industrial Chain”, “Active Projects Update – Opportunities in West Africa Offshore Upstream Market”, “The Innovative Technology to Achieve Offshore Exploration and Construction with Reduced Cost and Improved Efficiency” and highly level Panel Discussions to discover the road for the rapid and healthy development of West African offshore upstream industry.
Visit the site here: offshore-west-africa-congress.ltsoilgas.com