The Africa Oil Governance Summit (AOGS) is the flagship programme of the Africa Centre for Energy Policy (ACEP). Instituted in 2015, the main goal of the Summit is to expose and address pertinent governance and development issues pertaining to the management and use of oil and gas resources across the African continent. The AOGS thus creates the avenue for, and brings together, stakeholders in the oil and gas space across Africa and beyond to deliberate on efficient and effective approaches to engender sustainable and inclusive development through exploitation of Africa’s oil and gas resources.
Speakers, panellists, and participants are drawn from the public sector, the private sector, academia, think tank and civil society spaces, development agencies/partners, and local and international media. The Summit has, since 2015, recorded about 800 direct participants with a yearly average of about 200. This excludes virtual participants who are engaged through both the electronic and social media.
The Theme of the 2019 Summit is “Optimizing oil and gas resources in Africa: the role of new discoveries in the continent’s development agenda”. A total of 300 participants are expected to attend the Summit.
African countries endowed with oil resources have made significant gains from the oil and gas industry with continuous major discoveries across the continent. For instance, South Africa in February 2019 discovered an estimated 1billion boe in the Brulppada Prospects. This is in addition to significant proven gas reserves in Mozambique (over 100tcf). Similarly, Aker Energy in Ghana will start production in 2021 from the discovered 450-500million boe in the Pecan 4A wells in the Deep Water Cape Three block. At the same time Senegal and Mauritania are preparing for 2021 production timelines for their Greater Tortue Complex which straddles the two countries with an estimated reserve of about 25 tcf. The East African region has also seen major discoveries by Tullow and partners in Uganda and Kenya. Tanzania is also preparing to commercialize her 57tcf of gas discovered within the last decade. These discoveries add to the significant outputs from Algeria, Angola, Nigeria and others.
The history of oil and gas production has shown that in many African producer countries, the impact of the oil industry on national development is suboptimal. Though the oil and gas industry contributes significantly to exports and revenues of countries, its contribution to general economic growth is less significant. This is attributable to the focus on revenue rather than linkages to other sectors of the economy and deliberate effort to fuel economic development with oil and gas output.
The 2018 edition of PwC’s Africa Oil and Gas Review report shows that, while Africa produced about 8 million barrels of oil per day, it exported about 6.8 million barrels of oil per day and consumed about 4 million barrels per day. These statistics show that value addition to petroleum resource extraction is limited as the Continent imported daily the equivalent of about 33% of its domestic barrels of oil production per day
By 2050, Africa will represent a fifth of the world population from the current 17% and will contribute about 1.3 billion to the 2.2 billion increase in global population growth. In contrast, population growth in other continents is set to stagnate or decline. Population growth and associated urbanization is expected to cause a boost in economic activities and a resultant growth in energy demand. It therefore becomes imperative for Africa to, through appropriate industrialization strategies, add value to the oil and gas it produces to meet the Continent’s present and future energy needs.
Furthermore, within the contextual reality of increasing discoveries, potential for recovery in exploration spending, and estimated increases in capital expenditure on oil and gas projects, African countries must properly position themselves to take advantage of the coming boom in production within the region by diversifying their respective economies and creating domestic demand of its production to make utmost gains from the oil and gas endowments. This way, oil and gas could contribute significantly to the empowerment of the African people and forestall increased inequality and poverty associated with population growth.
 Paraskova T. (2019, February). South Africa Oil Discovery Could Be a Game-Changer. Retrieved:
 Aker Energy (2019 January). Successful Pecan-4A appraisal well offshore Ghana. Retrieved:
 PWC (2018): Taking on Tomorrow, Africa Oil and Gas Review: Retrieved from
https://www.pwc.co.za/en/assets/pdf/africa-oil-and-gas-review-2018.pdf. Accessed on April 18, 2019.
The Summit will attract participants from;
i. Government Ministries (including the U.S. Department of State);
ii. Management Consulting and Advisory Companies (including McKinsey & Company, and PwC);
iii. Industry Regulators
iv. Accountability Institutions
v. National Oil/Gas Companies
vi. Heads of Missions of Embassies in Ghana
vii. International Oil and Gas Companies
viii. Civil Society Organizations
ix. Traditional Authorities
x. Development Partners
xi. International Think Tanks/NGOs
xii. Academia community
Expected outcome of the 2019 AOGS
i. Consensus built on key strategies to promote the coherent alignment of oil and gas resources with the socio-economic development of the continent.
ii. Consensus on what the role of stakeholders is for a regional approach to maximize the benefits of oil and gas.
iii. All the commitments by participants are captured in a communique and used by participants to influence policies and investment drive in their respective countries.
A comprehensive Summit Communiqué will be issued to the media at the end of the Summit, copies of which will be distributed to participants, and relevant Government Ministries, Agencies and Regulators.
The objectives of the Summit are to
The Summit in 2018 dwelt on fostering economy-wide benefits from oil and gas exploitation through creating linkages to the sector. The 2018 summit was under the theme “Harnessing the potential of local content for economic growth and inclusive development”. Some of the key outcomes from the deliberations at the event are listed as follows:
The speakers for this year’s summit have been drawn from different countries with a great track record in governance, the petroleum sector, oil and gas and the total management of natural resources. Last year’s speakers share some similarities with this year’s speakers. However because of the different theme, most are new. They are not only dynamic in their area of expertise, but wield extraordinary knowledge which when tapped into, will go a long way in shaping our developmental process toward excellence..
09:00 - 09: 45
Welcome Address: Mr Benjamin Boakye, Executive Director, ACEP
Speech and Opening of Summit by Special Guest of Honour
1ST PANEL: “ Value addition to petroleum resources extraction through industrialization: the possibilities and the challenges "
09:45 - 11:30
11:30 - 11:50
2ND PANEL: Powering Africa: Independence and Innovation
11:50 - 13:35
13:35 - 14:35
3RD PANEL: Powering Africa: Investment and Security
14:35 - 16:20
Facilitator: Dr Juliette Twumasi Anokye (CEO, Anojul Consult)
16:20 - 17:00
RECAP OF DAY 1 - Moderator
09:30 - 09: 45
4TH PANEL: The opportunities and threats of the Africa Continental Free Trade Area (AfCFTA) Agreement in creating linkages between the oil and gas sector and other sectors of the African economy.
09:45 - 11:30
11:30 - 11:50
11:50 - 12:20
TOPIC: Oil and gas for inclusive development of the youth, persons with disability and women
5TH PANEL: Empowering Persons with Disability (PWD) for Economic Opportunities Along the Oil & Gas Value Chain
12:20 - 13:20
Facilitator: Mr Benjamin Boakye, Executive Director (ACEP)
Justice Srem Sai (Legal Practitioner & Lecturer, GIMPA)
6TH PANEL: Empowering Youth & Women for Economic Opportunities Along the Oil & Gas Value Chain
13:20 - 14:20
Discussing Communique and Closing Session
14:20 - 15:00
Lunch and Departure
The 3rd edition of the Oil Governance Summit was a huge success
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The Conference can help you connect with Industry Experts. In addition, you can open your knowledge and contribute your ideas in this conference.