African Energy Week (AEW) 2022’s Industry-Advancing National Oil Company (NOC) Summit Prioritizes African-Led Energy Solutions

African Energy Week (AEW) 2022’s Industry-Advancing National Oil Company (NOC) Summit Prioritizes African-Led Energy Solutions

The African Energy Chamber (AEC) is proud to announce the return of the National Oil Company (NOC) Summit at Africa’s premier event for the oil and gas sector, African Energy Week (AEW) (https://AECWeek.com/), which will take place from 18 – 21 October 2022, in Cape Town. Following a successful edition of the NOC Summit at AEW 2021, this year’s edition, under the theme “Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,” will continue the discussion around the role NOCs play in boosting investments into, as well as the exploration and production of Africa’s hydrocarbon sector.

With oil production diminishing due to continued declines in output across legacy projects in leading African producing countries such as Nigeria, Libya, Algeria, Angola and Egypt, NOCs have an important role to play in leading and accelerating exploration activities to boost production. In Nigeria, for instance, Africa’s largest producer of crude oil, where production is anticipated to decline from 2023 onwards and no significant liquids project is expected to be approved or brought online in 2022, the Nigerian National Petroleum Corporation (NNPC) has an important task to play in increasing exploration and ramping up production. With the implementation of the Petroleum Industry