ONHYM and IN-VR to host the 3rd Morocco Oil & Gas Summit


Over 350 C-level executives from West African Governments, Oil and Gas companies, investors and top service companies will meet with ONHYM in Marrakech to discuss the Nigeria-Morocco pipeline, E&P opportunities in Morocco, and how to get involved in one of the world’s top future energy hubs.

The Energy Circle by IN-VR is pleased to announce the 3rd Morocco Oil & Gas Summit and Exhibition 2023 hosted in Savoy Le Grand Hotel, Marrakech, on the 24th-26th of October, 2023, fully endorsed by ONHYM. The event’s programme will focus on the country’s and the region’s holistic hydrocarbons sector, from onshore discoveries to its vast offshore E&P potential, midstream and infrastructure plans.

After two Sold-out editions, Morocco’s official Oil & Gas Summit returns for its 3rd edition to focus on opportunities, developments and projects in Morocco and West Africa, with access to 1:1 meetings with ONHYM, African Ministries and Moroccan decision-makers involved in one of the most powerful and promising energy hubs in the region.

With the Nigeria-Morocco pipeline being among Africa’s most-anticipated projects, ONHYM will be welcoming an important number of African Ministries and NOCs for the Africa Regional Cooperation Roundtable, while hosting a series of networking events throughout two full days with the presence of the country’s Project Owners, such as Chariot Energy Group.

Participants will be available to meet during dedicated 1:1 meetings with ONHYM and the country’s biggest Project owners, as the event has been tailored to host two full days of non-stop networking for E&P leaders to meet with Moroccan and African players in Marrakech.

The 3rd Morocco Summit is expected to be the most networking-intensive event of the year, bringing under one roof ONHYM and African Energy leaders for the African Regional Cooperation Roundtable and the stage to meet operators and service companies.

The Summit is open for registrations offering a full range of networking activities and exclusive content, in addition to the myriad of networking opportunities – including drinks receptions, networking breakfasts, coffee breaks and roundtable dialogues, high-level drinks receptions, and VIP private cocktails.

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Nigeria: new FSO ELI Akaso has started storage operations offshore Bonny

Century Energy Services Ltd (CESL), part of Nigeria’s Century Group, has announced the completion of spread mooring installation at the floating, storage and offloading (FSO) unit ELI Akaso offshore Bonny in Nigeria. The double hull terminal has a storage capacity of 2 million barrels and will provide hydrocarbons evacuation, storage, and offtake solutions for producers within the area. It has been classed by Bureau Veritas for oil storage services. The commissioning of the FSO is welcomed news for producers around Bonny who have struggled to evacuate their oil over the past few years due to the unavailability of the Nembe Creek Trunk Line (NCTL) and the Trans-Niger Pipeline (TNP). Both lines are the main options for operators to send their oil to Shell’s Bonny Oil Terminal for exports to global markets. The FSO ELI Akaso will be providing an alternative options to store and export oil and is expected to support production recovery around Bonny. “The FSO ELI Akaso, which offers hydrocarbon storage and export solutions, exemplifies our strategic approach to addressing both current and future demands of the oil and gas industry,” said EnergyLink Managing Director Adekolapo Ademola. The terminal is owned by Energy Link Infrastructure Limited (EnergyLink) and operated/managed by CESL. “With the FSO ELI Akaso Terminal, we have significantly advanced our collaboration in oil and gas infrastructure, positively impacting EnergyLink's business approach and bottom line. The terminal is a remarkable accomplishment and a further testament to CESL's energy infrastructure project delivery capacity and experience,” added Ken Etete, Group CEO at the Century Group. CESL has imposed itself as Africa’s foremost owner and operator of FPSOs and FSOs. Its fleet includes the FPSO Tamara Nanaye, previously deployed on OML 113, the FPSO Tamara Tokoni on OML 120, and the recently acquired FPSO Tamara Elmina (former Sendje Berge).

Congo-Brazzaville: Afreximbank to provide $300m for MKB II oilfields development

On September 27th, Afreximbank signed an agreement to provide a $300m facility to Trident OGX Congo for the development of the onshore Mengo-Kundji-Bindi II (MKB II) oil fields in the Republic of Congo. The reserve-based lending (RBL) facility will support the company’s capex programme to increase the country’s oil production by 30%, according to Afreximbank. Between 2018 and 2021, state-owned SNPC carried out studies to reassess the potential of its MKB II permit, where it also drilled five appraisal wells and constructed a road and platforms. “These positive results make it possible to envisage a production of over 40,000 barrels per day (bpd) at the end of the development drilling campaign in 2024,” SNPC Director General Maixent Raoul Ominga said in an interview shared with Hawilti earlier this year. In December 2021, the MKB II permit was transferred to Trident OGX Congo for 20 years to unlock additional capital and technology for its development.