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    Tuesday, July 9, 2024

    Vitol, Africa Oil Corp, ERHC Energy Inc. Convened in London for IAE Reception

     …Spotlighting Escalating Global Attention on African Oil and Gas Potential.

    Energy industry leaders from around the world will convene at the upcoming reception to explore investment opportunities in Africa's burgeoning energy sector.

    Global energy companies, including Vitol, Africa Oil Corp., and ERHC Energy Inc., will present Africa's leading energy sector opportunities at the Invest in African Energy reception in London this week, hosted by the African Energy Chamber (AEC). The reception aims to stimulate investor interest in Africa's energy potential ahead of the African Energy Week: Invest in African Energy conference in Cape Town this November, highlighting the African energy market's potential and discussing strategies to maximize its potential.

    Commencing discussions on the continent's accessible upstream acreage, Marilyn Logan, Director General of the Liberia Petroleum Regulatory Authority, will present Liberia's frontier exploration prospects in an opening keynote address. Liberia is presently seeking to attract major exploration companies to its potential hydrocarbon resources, supported by comprehensive 2D and 3D multi-client seismic data in the Liberia and Harper basins, as well as an ongoing direct negotiation process. 

    Rene Awambeng, Managing Partner at advisory firm Premier Invest, will also deliver an opening keynote address on Africa's current investment environment and the significance of robust fiscal and regulatory frameworks in attracting global capital.. 

    AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Under the moderation of Susan D. Maples, Partner at the international law firm Curtis, Mallet-Prevost, Colt & Mosle, a vibrant panel discussion will bring together private sector participants across the energy value chain, encompassing frontier exploration, fuel refining, and distribution. Oneyka Cindy Ojogbo, Partner at the pan-African legal, tax, and advisory firm CLG, will assume the role of Master of Ceremonies and deliver a keynote address. Peter Ntephe, CEO of the American oil and gas corporation ERHC Energy Inc., will present strategies for promoting sustainable growth through exploration that balances risk, cost-effective development, and high-margin production. 

    ERHC Energy holds interests in several of Africa's most promising oil and gas regions, including Block 11A in Kenya, Block BDS 2008 in Chad, six blocks in the Joint Development Zone in the Gulf of Guinea, and Block 4 in São Tomé & Príncipe.

    Mr. Steve Bran, the esteemed Head of LNG Operations at the multinational energy and commodities trading firm Vitol, will provide valuable insights into Africa's potential in the LNG sector. He will also discuss Vitol's significant role in advancing the refining, distribution, and trade of refined petroleum products to both local and regional markets. It is noteworthy that last month, Vitol announced its intention to invest a substantial amount of over $550 million in clean cooking technologies across Africa by 2030. 

    This investment encompasses both LPG infrastructure and strategic investments in novel projects. Furthermore, Vitol recently acquired the prominent South African energy group Engen, resulting in the acquisition of over 3,900 service stations and an impressive two billion liters of storage capacity across 27 African countries. This acquisition is accompanied by a significant investment of R10 billion into the South African operations of Vitol.. 

    Oliver Quinn, the Chief Corporate Officer of Africa Oil Corp., a Canadian oil and gas company, will be discussing the company's recent activities and its role in promoting African exploration and identifying cost-effective and low-risk opportunities for gas development. In March of last year, Africa Oil Corp. expanded its stake in the Venus discovery located in Namibia's Orange basin. Additionally, in February of last year, the company secured Production Sharing Contracts (PSCs) for Equatorial Guinea's Blocks EG-18 and EG-31. Notably, Block EG-31 is situated near existing infrastructure, including the onshore Punta Europa LNG terminal, and holds promising gas resources..

    The Invest in African Energy London reception will be held at the Four Seasons Hotel London at Park Lane from 17:00 to 21:00. Register now at https://apo-opa.co/3XZajsL or contact register@aecweek.com.

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