JOHANNESBURG, South Africa, June 27, 2022/ — The African Energy Chamber (AEC) is proud to announce that Eyas Alhomouz, Chairman of independent oil and gas company, PetroNor E&P, will be coming to African Energy Week (AEW) (https://AECWeek.com) 2022, being held from October 18-21 in Cape Town, to discuss African exploration and production (E&P) in a post-COVID-19 climate.
As PetroNor looks to strengthen its footprint across Africa’s oil and gas market and African countries aim to maximize resources with the objective of making energy poverty history by 2030, Alhomouz will be instrumental in all dialogues, participating in a number of panel discussions and hydrocarbon forums in Cape Town, later this year.
Prior to his chief officer position at PetroNor, Alhomouz worked at a number of global companies including Schlumberger Oilfield Services, Cromwell Energy, Prism Seismic and Jaidah Energy, operating in various roles including international business development manager, COO, financial director and wireline engineer. With years of experience across the energy sector, and now representing global independent PetroNor, Alhomouz embodies an ideal participant at this year’s event regarding all discussions surrounding oil and gas in Africa: a key theme of AEW.
As an independent oil and gas explorer and producer, PetroNor is led by an experienced board and management team, holding licenses in key basins across Africa that comprise a combined resource-base of 20.2 million barrels of proven reserves, producing on average 3,850 barrels of oil per day (bpd), most notably in west Africa, where the company is driving E&P activity across the Republic of Congo, The Gambia, Guinea-Bissau, Senegal and Nigeria.
In the Congo, following the company’s entry into the market in 2017, significant operational improvements were made in producing fields, with gross production increasing to 30,000 bpd. In Nigeria, the company is progressing with plans to acquire a stake in the Aje field, eyeing high potential deposits and maximizing value from the asset.
Meanwhile, the company’s portfolio includes exploration licenses in Guinea-Bissau, The Gambia and Senegal, a particularly lucrative hydrocarbon destination where major oil and gas deposits have very recently been discovered. In Bissau, PetroNor entered into a share purchase agreement of SPE Guinea Bissau AB from Svenska Petroleum Exploration AB, granting PetroNor a 78.57% interest and operatorship role of the Sinapa (Block 2) and Esperanҫa (Blocks 4A and 5A) licenses; in The Gambia, the company regained the A4 license in 2020; and in Senegal, the company reserves its rights to 90% operating working interest in the exploration blocks, Rufisque Offshore Profond and Senegal Offshore Sud Profond.
“As PetroNor expands its footprint across the African oil and gas sector, acquiring new assets and driving exploration and production, the company will play an increasing role in positioning the continent as a competitive hydrocarbon market.
Africa is committed to maximizing its oil and gas, and companies such as PetroNor will be instrumental in ensuring the maximization of resources,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC), adding that, “By coming to AEW 2022 in Cape Town, Alhomouz who personally has a strong faith in the potential of African oil and gas, will help drive the discussion on oil, gas and Africa’s energy future, making a strong case for hydrocarbon development in a post-COVID-19, energy transition context. Now, more than ever, Africa needs to ramp up exploration and production and PetroNor has demonstrated its commitment to doing just that.”
Taking place under the theme, ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW is centered around the role oil and gas plays in Africa’s energy future. At a time when global supply chains are disrupted, oil prices have soared to record heights and demand for oil and gas continues to grow, Africa’s oil and gas resources have garnered significant attention, owing to the role these resources play in addressing global energy security.
For African countries, improving exploration represents a critical step towards kickstarting production as the need to make energy poverty history becomes more pressing, while for global energy companies, Africa’s rich and largely untapped basins represent a unique window of opportunity.
As global independents such as PetroNor expand their footprints in Africa even further, AEW 2022 offers the most suitable platform to sign deals, secure partnerships and expand African portfolio’s.
Dedicated upstream panel discussions, investor forums and national and international oil company summits led by industry experts, such as Alhomouz, offer the best chance to gain insight into emerging trends while advancing oil and gas investment and development in 2022 and beyond.
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About African Energy Week:
AEW 2022 is the AEC’s annual conference, exhibition and networking event. AEW 2022 unites African energy stakeholders with investors and international partners to drive industry growth and development and promote Africa as the destination for energy investments.
Key organizations such as the African Petroleum Producers Organization, as well as African heavyweights including Equatorial Guinea and Nigeria, have partnered with AEW, strengthening the role the event will play in Africa’s energy future.
