Latest news with #NamibeBasin
Zawya
03-07-2025
- Business
- Zawya
Major Upstream Players Join Angola Oil & Gas (AOG) 2025 Amid Accelerated Investment Drive
With a planned $60 billion investment pipeline for the oil and gas industry, Angola is experiencing a surge in upstream activity, from frontier exploration to seismic acquisition to drilling and incremental production. Angola's major upstream operators have joined the Angola Oil&Gas (AOG) conference – taking place September 3-4 in Luanda – to discuss Angola's project pipeline. This year's conference celebrates 50 years of independence in Angola, with speakers set to share insight into how the past five decades of oil and gas development have laid the foundation for future growth. With over three decades of operational history in Angola, energy major ExxonMobil is driving an ambitious exploration and production agenda, focusing on maximizing output at active assets while pursuing frontier opportunities. Recently, the company signed an agreement alongside TotalEnergies for the study and evaluation of the Free Areas of Blocks 17/06 and 32/21. The company is also eyeing a $15 billion investment in the Namibe basin, pending the results of ongoing exploration activities. These efforts are expected to unlock new resources in Angola. Katrina Fisher, Managing Director of ExxonMobil Angola, will share further insights into ExxonMobil's investment plans at AOG 2025. With a long history in Angola, energy majors bp and Eni have played an instrumental part in unlocking resources and generating economic opportunities for the country. The merger of the companies' Angolan operations in 2022 saw the rise of Azule Energy – Angola's largest independent equity producer of oil and gas – and the subsequent integration of bp and Eni's project portfolio and expertise. On the back of this, Azule Energy has spearheaded various large-scale operations in Angola, with new targets to increase production to 250,000 bpd. Major upcoming developments include the Agogo Integrated West Hub Development (2025) and Angola's first non-associated gas project (2026). During AOG 2025, Guido Brusco, COO: Global Natural Resources at Eni, and Gordon Birrell, Executive Vice President of Production&Operations at bp, will provide insight into Angola's exploration and production landscape, from oil exploration to natural gas to global partnerships and future investment prospects. Nigerian independent exploration and production company First Exploration&Petroleum Development Company (FIRST E&P) has a strong portfolio of producing assets in Nigeria and is currently pursuing regional growth opportunities. With operations spanning both shallow waters and onshore blocks in the Niger Delta, FIRST E&P has established experience in exploration and production activities. While not directly active in Angola as of yet, FIRST E&P stands to play a notable role in unlocking greater value from Angola's oil and gas resources. During AOG 2025, Ademola Adeyemi-Bero, CEO&Managing Director of FIRST E&P, is expected to share insight into how the company's experience in Nigeria can support future oil and gas projects in Angola. Angolan oil and gas company Alfort Petroleum is pursuing onshore exploration in Angola, following its qualification as an operator under the country's 2020 bid round. During the round, Alfort Petroleum won operatorship of Block KON 8, attaining a 50% stake in the asset. To date, the company has completed the seismic acquisition phase for the block and is currently in the final stages of interpreting the data. Alfort Petroleum aims to start drilling activities in Q4, 2025 or Q1, 2026. At AOG 2025, Gianni Gaspar-Martins, General Manager of Alfort Petroleum, is expected to provide an update on Block KON 8. Meanwhile, Angolan private energy company Etu Energias seeks to increase oil and gas production to 80,000 bpd by 2030 through the optimization of producing assets and the accelerated development of newly-acquired blocks. The company expanded its portfolio of operated and non-operated blocks from 6 to 15 in 2024, while its reserves grew 2.6 times to reach 106 million barrels. In 2025, the company continues to drive a 3D seismic campaign at Block FS/FTST, will spud the Chimacuanga exploration well and will complete feasibility studies at the newly-acquired Blocks CON 1 and CON 4. Etu Energias CEO Edson dos Santos is speaking at AOG 2025, where he is expected to share insight into the company's exploration and production strategy. Distributed by APO Group on behalf of Energy Capital&Power.
Al Bawaba
27-05-2025
- Business
- Al Bawaba
ExxonMobil Angola Managing Director (MD) to Speak at African Energy Week (AEW) 2025 as Company Deepens Strategic Commitment to Angolan Energy Sector
Katrina Fisher, Managing Director, ExxonMobil Angola, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place on September 29 to October 3 in Cape Town. Her participation highlights ExxonMobil's long-standing commitment to Angola's energy market and its role in supporting the country's ambitions to maintain oil production above 1.1 million barrels per over three decades of operational history in Angola, ExxonMobil continues to be a key player in the country's upstream sector. Under Fisher's leadership, the company is accelerating exploration and development efforts, most notably through prospective studies on offshore Blocks 17/06 and 32/21 in partnership with energy major TotalEnergies and Angola's national concessionaire the National Agency of Petroleum, Gas and Biofuels (ANPG). These efforts are part of a broader national strategy to identify new drilling targets and reverse production declines. AEW: Invest in African Energies 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 for more information about this exciting event. Fisher's appearance at AEW: Invest in African Energies 2025 is expected to spotlight ExxonMobil's future-focused projects, including its recent frontier exploration campaign in the Namibe Basin and a $15 billion investment outlook for Angola by 2030. The company currently operates across high-potential blocks including Blocks 30, 44 and 45 in the Namibe Basin, with participating interests in Blocks 15, 17 and 32. ExxonMobil Angola recently celebrated 2.5 million barrels of cumulative production at Block is also expected to share key insights into ExxonMobil's production-enhancing initiatives, including its successes under Angola's Incremental Production Initiative, which incentivizes reinvestment in mature fields. Notably, the Likember-01 discovery and the Bavuca Sul-1 well underscore the untapped potential in Block 15 and the value of applying innovative technologies to legacy addition to its technical and operational achievements, ExxonMobil has invested over $100 million in social projects across Angola, advancing healthcare, education and female workforce development. Fisher has been instrumental in advancing these priorities, ensuring ExxonMobil's investments drive long-term socioeconomic value.'Katrina Fisher's participation at AEW: Invest in African Energies 2025 reinforces ExxonMobil's leadership role in Angola's energy renaissance. With a track record of strategic investment, technological innovation and sustainable development, Fisher's insights will be vital to shaping dialogue around Africa's upstream future,' states NJ Ayuk, Executive Chairman of the African Energy Angola continues to attract global capital into its oil and gas sector, ExxonMobil stands as a pillar of progress, unlocking new discoveries, maximizing existing fields and empowering communities through shared growth. Distributed by APO Group on behalf of African Energy Chamber. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Zawya
26-05-2025
- Business
- Zawya
ExxonMobil Angola Managing Director (MD) to Speak at African Energy Week (AEW) 2025 as Company Deepens Strategic Commitment to Angolan Energy Sector
Katrina Fisher, Managing Director, ExxonMobil Angola, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place on September 29 to October 3 in Cape Town. Her participation highlights ExxonMobil's long-standing commitment to Angola's energy market and its role in supporting the country's ambitions to maintain oil production above 1.1 million barrels per day. With over three decades of operational history in Angola, ExxonMobil continues to be a key player in the country's upstream sector. Under Fisher's leadership, the company is accelerating exploration and development efforts, most notably through prospective studies on offshore Blocks 17/06 and 32/21 in partnership with energy major TotalEnergies and Angola's national concessionaire the National Agency of Petroleum, Gas and Biofuels (ANPG). These efforts are part of a broader national strategy to identify new drilling targets and reverse production declines. AEW: Invest in African Energies 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 for more information about this exciting event. Fisher's appearance at AEW: Invest in African Energies 2025 is expected to spotlight ExxonMobil's future-focused projects, including its recent frontier exploration campaign in the Namibe Basin and a $15 billion investment outlook for Angola by 2030. The company currently operates across high-potential blocks including Blocks 30, 44 and 45 in the Namibe Basin, with participating interests in Blocks 15, 17 and 32. ExxonMobil Angola recently celebrated 2.5 million barrels of cumulative production at Block 15. Fisher is also expected to share key insights into ExxonMobil's production-enhancing initiatives, including its successes under Angola's Incremental Production Initiative, which incentivizes reinvestment in mature fields. Notably, the Likember-01 discovery and the Bavuca Sul-1 well underscore the untapped potential in Block 15 and the value of applying innovative technologies to legacy assets. In addition to its technical and operational achievements, ExxonMobil has invested over $100 million in social projects across Angola, advancing healthcare, education and female workforce development. Fisher has been instrumental in advancing these priorities, ensuring ExxonMobil's investments drive long-term socioeconomic value. 'Katrina Fisher's participation at AEW: Invest in African Energies 2025 reinforces ExxonMobil's leadership role in Angola's energy renaissance. With a track record of strategic investment, technological innovation and sustainable development, Fisher's insights will be vital to shaping dialogue around Africa's upstream future,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. As Angola continues to attract global capital into its oil and gas sector, ExxonMobil stands as a pillar of progress, unlocking new discoveries, maximizing existing fields and empowering communities through shared growth. Distributed by APO Group on behalf of African Energy Chamber.
