EnerGeo Alliance has partnered with African Energy Week: Invest in African Energy, to advocate for major natural gas investments and highlight the role of geoscience in Africa’s energy transition.
In its most recent policy brief, the international trade organization EnerGeo Alliance advocates for increased upstream investment in the South African energy sector. The brief underscores the importance of conducting advanced seismic surveys and data collection to locate reserves and mitigate exploration risks. It highlights the potential of South Africa's Brulpadda-Luiperd fields, offshore prospects in the Orange Basin, and onshore shale gas in the Karoo Basin as transformative elements for the nation's energy landscape.
Furthermore, the organization notes that substantial investment is necessary to fully develop South Africa's midstream and downstream sectors, thereby enhancing gas accessibility and reliability.
In order to emphasize the need for increased investments, EnerGeo Alliance has joined the African Energy Week (AEW): Invest in African Energy 2024 event, which will take place from November 4-8 in Cape Town, as a partner. During AEW: Invest in African Energy, EnerGeo will host a pre-conference workshop on Monday, November 4th, titled "Legislative and Regulatory Context for Promoting Investment in Exploration."
This session will examine best practices, obstacles, and policy recommendations for establishing a favorable legislative and regulatory environment to draw in and keep exploration investments in Africa. Additionally, Nikki Martin, President and CEO of Energeo Alliance, will take part in the roundtable discussion titled "Advancing Exploration in Africa and the Energy Trilemma" to talk about the value of geoscience in resource discovery and development in order to satisfy Africa's present and future energy needs.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.
EnerGeo Alliance is a global association representing over 50 countries and a diverse range of industries within the energy sector. Our focus areas include onshore and offshore geoscience companies, energy data and processing providers, equipment and software manufacturers, service providers, and consultancy groups. By leveraging our extensive expertise, we provide comprehensive energy solutions to countries worldwide.
In the context of the global energy transition, EnerGeo Alliance recognizes natural gas as a crucial transition fuel, particularly within the African context. We advocate for the strategic utilization of natural gas to facilitate the transition from high-carbon fuels to cleaner energy sources. Nigeria, Algeria, and Egypt are at the forefront of natural gas production in Africa, while frontier countries such as Senegal, Mauritania, Mozambique, and South Africa have emerged as significant game changers in the African gas market.
EnerGeo Alliance is a membership-based organization that provides essential resources for exploring and developing low-carbon energy solutions in Africa. Our educational, scientific, and regulatory tools enhance energy project efficiency and sustainability. We also prioritize geoscience data in energy policies, which is essential for attracting and retaining investment in the energy industry. This strategic focus optimizes energy resource development and maximizes economic benefits for African nations.
“The integration of geoscience and the energy sector is crucial for advancing African energy projects and leveraging Africa’s hydrocarbon resources. By harnessing the advanced scientific knowledge and technological expertise of organizations like EnerGeo Alliance and its vast network, Africa can not only optimize the exploration and development of its resources but also drive the transition to cleaner energy sources. This approach is crucial for unlocking Africa’s full potential, ensuring energy security and enhancing sustainable economic growth across the continent,” states Executive Chairman of the AEC NJ Ayuk.
Through its participation in AEW 2024, EnerGeo Alliance will engage with policymakers to advocate for favorable policies and regulatory frameworks. Its expertise and accomplishments in other regions can provide valuable insights and inspiration for the development of effective energy policies in Africa. This collaboration seeks to strengthen the event's mission of eradicating energy poverty while simultaneously fostering a conducive environment for energy development across the continent.