• slider-home
  • slider-home
  • slider-home
  • slider-home

5th Africa Oil Governance Summit


CONFERENCE AT LABADI BEACH HOTEL CONFERENCE HALL, ACCRA ON 22nd - 23rd October 2019

Theme:  Optimizing oil and gas resources in Africa: the role of new discoveries in the Continent’s development agenda

ABOUT THE CONFERENCE

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.  


Read More

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.


  • An exposition to the theme for the 2019 Africa Oil Governance 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.[1] 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.[2] 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.[3] 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. 



[1] Paraskova T. (2019, February). South Africa Oil Discovery Could Be a Game-Changer. Retrieved:

https://oilprice.com/Energy/Crude-Oil/South-Africa-Oil-Discovery-Could-Be-A-Game-Changer.html Accessed 18/04/2019

[2] Aker Energy (2019 January). Successful Pecan-4A appraisal well offshore Ghana. Retrieved:

https://www.akerenergy.com/news/archive/2019/aker-energy-successful-pecan-4a-appraisal-well-offshore-ghana

[3] 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.



PARTICIPATION

  • 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

  • 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.

SUMMIT OBJECTIVES

  • The objectives of the Summit are to

    • Encourage alignment of Africa’s petroleum resource exploitation with the development of the continent and its people
    • Provide the platform for regional consensus building on strategies that must be adopted to promote regional planning for the utilization of oil and gas resources

LAST YEAR'S SUMMIT

line
NOVEMBER 13-14, 2018 – ACCRA,GHANA

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:

  • There is collaboration between government, civil society, international oil companies, service providers and indigenous Ghanaian companies to assess experiences and learn lessons for a reformed local content implementation[1];
  • Uptake of actions to build capacities of enterprises and human resource to participate in the oil and gas activities;
  • ACEP has produced a yet to be published paper that dwells on experiences of indigenous Ghanaian companies, international oil companies, regulators and other stakeholders in local content implementation, documenting lessons for learning.

[1] https://www.petrocom.gov.gh/event/2018-local-content-conference-and-exhibition/

Download Report
video
300

PARTICIPANTS

6

TOPICS

2

DAYS

29

SPEAKERS

DON’T MISS THIS AMAZING CONFERENCE AND OPPORTUNITIES

MEET OUR SPEAKERS

line

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. 

.

VIEW ALL SPEAKERS AND DISCUSSANTS

CONFERENCE AGENDA

line-black
09:00

THE OPENING CEREMONY

09:00 - 09: 45

Welcome Address: Mr Benjamin Boakye, Executive Director, ACEP

Speech and Opening of Summit by Special Guest of Honour


09:45

1ST PANEL: “ Value addition to petroleum resources extraction through industrialization: the possibilities and the challenges "

09:45 - 11:30

11:30

SNACK BREAK

11:30 - 11:50

11:50

2ND PANEL: Powering Africa: Independence and Innovation

11:50 - 13:35

13:35

LUNCH BREAK

13:35 - 14:35

14:35

3RD PANEL:  Powering Africa: Investment and Security


14:35 - 16:20

Facilitator: Dr Juliette Twumasi Anokye (CEO, Anojul Consult)

16:20

CLOSING SESSION

16:20 - 17:00

09:30

RECAP OF DAY 1 - Moderator

09:30 - 09: 45

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

SNACK BREAK

11:30 - 11:50

11:50

PAPER PRESENTATION

11:50 - 12:20

TOPIC: Oil and gas for inclusive development of the youth, persons with disability and women

12:20

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)


Panelists: 

Justice Srem Sai (Legal Practitioner & Lecturer, GIMPA)

13:20

6TH PANEL: Empowering Youth & Women for Economic Opportunities Along the Oil & Gas Value Chain

13:20 - 14:20

14:20

Discussing Communique and Closing Session

14:20 - 15:00

15:00

Lunch and Departure

15:00 -

Empower yourself with the knowledge of the Oil Industry

LEARN MORE VISIT ACEP WEBSITE

EVENT SPONSORS SPECIAL THANKS

line_red

Sponsors

Register Now

line

The Conference can help you connect with Industry Experts. In addition, you can open your knowledge and contribute your ideas in this conference.