African National Oil Companies (NOCs) Seek Strategic Partners for Growth – Africa.com
Africa’s leading National Oil Company (NOC) will take center stage at the 2025 Investment in Africa Energy (IAE) Forum (www.Invest-Africa-Energy.com) in Paris, unveiled an ambitious national energy agenda and sought strategic international partnerships to advance energy development on the continent. Set to take place on 13-14 May 2025, the forum provides Africa’s top national oil companies with a unique platform to interact with global investors, share insights on emerging opportunities and discuss the critical role of energy in economic growth. Guest speakers include:
- Godfrey Moagi, Chief Executive Officer, South African National Petroleum Corporation (SANPC)
- Marcellin Simba Ngabi, CEO of Gabon Petroleum Company (GOC)
- Baboucarr Njie, Managing Director, Gambia National Petroleum Corporation (GNPC)
- Lyoidah Kiconco, Head of Exploration and New Ventures, Uganda National Oil Company (UNOC)
South Africa’s state-owned petroleum company SANPC was formally established in September and is committed to solving energy shortages and promoting economic growth through strategic investments in natural gas, hydrocarbon exploration and renewable energy. Key initiatives include LNG terminals at the ports of Coega and Ngula, gas-to-power projects at Saldanha Bay and Richards Bay, and offshore gas exploration in the Southern Cape. In 2025, SANNPC will focus on building strategic partnerships with a focus on cooperation across the Southern African Development Community region.
IAE 2025 (www.Invest-Africa-Energy.com) is a specialized forum aimed at promoting investment in African energy markets and among global investors. The event will take place in Paris on 13 and 14 May 2025 and will give delegates two days of in-depth networking with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com.To sponsor or participate as a representative, please contact sales@energycapitalpower.com.
After making major acquisitions including Asara Energy assets and a 15% stake in the Bodroy field, GOC has significantly expanded its production capacity, with a target output of 220,000 barrels per day by accelerating the exploration and redevelopment of mature oil fields. GOC, historically a partner to foreign operators, is strengthening its upstream operations, adopting advanced technologies and integrating national oil assets to increase production and transform Gabon into a competitive energy company.
Meanwhile, GNPC is working to maximize the country’s hydrocarbon potential. There are promising offshore prospects near Senegal’s Sangomar field, including the Bambo deposit, which is estimated to contain up to 1.2 billion barrels of oil, and GNPC is actively advancing exploration through partnerships such as a 2023 agreement with the Nigerian National Petroleum Corporation, involving geological studies, seismic data analysis and potential drilling – while FAR extended licenses for Blocks A2 and A5 until 2025, opening up further exploration opportunities.
UNOC is leading Uganda’s oil and gas ambitions, with its flagship Tilenga and Kingfisher projects expected to deliver first oil by 2025, as well as the East Africa Crude Oil Pipeline, which will revolutionize regional oil logistics. In addition, UNOC is advancing exploration in the Moroto-Kadam and Kyoga basins, with preliminary studies aimed at discovering new oil fields and diversifying production. To support these efforts, Uganda has significantly increased its oil and gas sector budget from US$120 million to US$246 million for the 2024/2025 period. As one of the last frontiers for oil and gas exploration, Uganda remains an important investment destination, prioritizing capacity building and value chain integration.
Distributed by APO Group on behalf of Energy Capital&Power.
