Invest in African Energies Reception in Rio de Janeiro to Spotlight Brazil-Africa Energy Opportunities – Africa.com
African Energy Chamber (AEC) (www.EnergyChamber.org) is scheduled to host an Invest in Africa Energy reception on January 30, 2025, at the iconic Copacabana Palace in Rio de Janeiro. This exclusive social event, scheduled from 18:30 to 22:00, is part of the AEC’s week-long working visit to Brazil from 28 to 31 January.
The reception will focus on energy investment opportunities between Brazil and Africa, highlighting the key contributions of state-owned Petrobras, leading international oil companies and Brazil’s independent oil and gas producers in advancing transcontinental cooperation. brazil It is actively pursuing opportunities in South Africa, Namibia and Angola, including plans to acquire a 40% stake in the Mopane oil and gas exploration block in Namibia. With advanced deepwater expertise developed in Brazil’s Campos and Santos basins, Petrobras is well-positioned to drive transformative progress in offshore development in Africa, including strategic projects in the Orange Basin.
The rise of Brazil’s independent producers has been aided by Petrobras’ divestment plans, bolstering Petrobras’ leadership position. company likes PRIO, 3R Petroleum, Enauta and reconcavo oil company Demonstrated expertise in revitalizing mature oil fields, optimizing production systems and employing advanced extraction technologies. Their capabilities in upstream operations, from field revitalization to long-term asset management, provide valuable insights and solutions for onshore and offshore energy development in Africa. Together, these actors exemplify how Brazil’s energy sector can provide the technical skills and investment strategies needed to unlock Africa’s energy potential.
Brazil’s energy landscape is also affected by international oil companies, including ExxonMobil, BP, Shell and total energyeach company has established a portfolio in the Brazilian presalt basin. TotalEnergies is in discussions with Petrobras to collaborate on projects outside Brazil, targeting regions such as Namibia, Angola and Suriname. TotalEnergies’ evolving global strategy, which includes a strong $50-60 per barrel benchmark for approval of new oil projects, highlights the synergies that can link Brazil’s offshore expertise with Africa’s development resources. Notably, TotalEnergies and Petrobras have already collaborated on the rapidly expanding Mero project in Brazil’s pre-salt region, setting a precedent for successful collaboration. Joint initiatives with international oil companies could boost transformative projects in Africa’s upstream industry, as Petrobras says it is ready to explore opportunities in the Atlantic basin.
A precursor to Africa Energy Week (AEW): Investing in Energy in Africa 2025, the Rio de Janeiro reception will promote the next edition of this landmark event, scheduled to take place in the Cape from 29 September to 3 October held in London. AEW: Investing in African Energy is the continent’s premier energy industry event, bringing together global energy stakeholders, project developers and policymakers to expand Africa’s investor base, catalyze new sources of capital and cultivate strategic partnerships. Meanwhile, the African Energy Investment Forum, scheduled to be held in Paris on 13-14 May 2025, will serve as another important platform to highlight Africa’s energy potential, provide industry leaders with lucrative investment opportunities and further advance These key energy target events.
As Brazil prepares for this year’s Conference of the Parties, it is seizing the opportunity to promote collaboration between Brazilian authorities and African stakeholders, with a focus on leveraging Brazil’s booming energy sector to promote a just transition to a sustainable energy future. companies like this energy company of namibia Brazilian service providers are already collaborating to develop new areas, demonstrating the potential for impactful partnerships. We are also working to engage more companies and identify key Brazilian players who can drive meaningful change in advancing energy solutions in Brazil and Africa.
“The Africa Energy Investment Reception in vibrant Rio de Janeiro provides a valuable platform to strengthen Brazil’s relationship with Africa, building on Petrobras’ renewed focus on Africa to drive mutual growth. It also provides a platform for investment in both Cape Town and High-level discussions and agreement signings in Paris paves the way where Africa’s most compelling investment opportunities will be presented to leading energy players and the global investment community,” said AEC Executive Chairman NJ Ayuk.
The Africa Energy Investment Exchange Reception will be held on January 30, 2025 at the Copacabana Palace in Rio de Janeiro. Register now https://apo-opa.co/3Ci1WQw
Distributed by APO Group on behalf of the African Energy Chamber.
