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African Energy Chamber to discuss oil, gas and energy opportunities in Niger during ECOWAS Mining and Petroleum conference 16-18 February 2022

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  Niger s relatively low cost of production per barrel and an accomplished export channel are expected to act as a tycoon for new entrants JOHANNESBURG South Africa February 8 2022 APO Group The African Energy Chamber www EnergyChamber org will lead a delegation to Niger for the ECOWAS Mining and Petroleum conference in Niamey Niger from February 16 18 2022 High on the agenda there will be discussions highlighting the significant opportunities that Niger offers investors explorers service companies and engineering companies in oil and gas mining and energy Discussions will also address the transformative impact the oil and gas sector is likely to have on Niger s economy for decades to come as well as ways the government can continue to improve the operating environment to attract even more energy investment with a focus on creating well paid jobs for Niger s youth population Niger s oil and gas industry is expected by 2025 to account for approximately 24 of GDP 45 of tax revenues and 68 of exports as well as 8 12 of formal employment in Niger Niger s current oil reserves have estimates of 3 754 million barrels of oil reserves and 957 million barrels of recoverable oil reserves Current gas reserves are estimated at 34 billion cubic meters with recoverable reserves of 24 billion cubic meters A nation poised for major oil and gas investments Niger is fast becoming an attractive destination for oil and gas investment under the leadership of the President HE Mohamed Bazoum taking conscious and aggressive steps to set the stage for a boom in exploration for more hydrocarbons in its prolific basins such as as well as developing infrastructure to connect Niger as a producer with markets in the region and beyond First oil from China Major CNPC s Agadem Rift basin assets is expected in mid 2023 when the 1 275 km Niger Benin crude oil pipeline is completed months ahead of schedule and despite COVID 19 pandemic related delays Covid 19 This is also a testament to the success of Oil and Energy Minister HE Mahamane Sani Mahamadou s approach of continuously engaging all stakeholders in the pipeline project to ensure that delays are avoided Once completed the pipeline will see Niger s daily production increase from 20 000 barrels per day to 110 000 barrels per day Niger s relatively low cost per barrel 15 of production including research development and exploitation and a full export pipeline is expected to act as a mogul for new entrants interested in the 41 blocks currently available in Niger The government is finalizing a review of its existing acreage with a view to introducing regulation to facilitate seismic acquisition and encourage drilling Other successful players in Niger s upstream industry include SIPEX a wholly owned subsidiary of Algeria s SONATRACH and UK independent Savannah Energy Niger s procedure for awarding oil blocks is fast and transparent Both Savannah and SIPEX recently received government approval for extensions in record time at their PSCs ensuring contractual stability and the government s commitment to providing explorers with the right incentives to develop assets Savannah has identified a total of 146 potential exploration targets to consider for future drilling and has had 100 success rates on five drill holes after the inaugural exploration drilling campaign in 2018 The acreage of the Agadem Rift basin explored by CNPC has estimated 2P recoverable reserves of 815 million barrels and an exploration success rate of 81 Adding to the favorable investment conditions the current tax regime which includes exemption from VAT and customs duties for the exploration phase and the first five years of exploitation Oil Tax of between 40 and 60 a of royalties of 12 5 and a Cost Stop rate of 70 is very competitive compared to the world In November 2021 during his keynote address at the African Energy Week in Cape Town Minister Mahamane Sani Mahamadou announced a strong push by his government towards gas monetization This is expected to include gas to power projects as well as the development of pipeline infrastructure to markets in northern Nigeria Equipped with its oil and gas production potential high oil exploration success rates attractive tax regime relatively low operating cost and various energy policies already in place Niger is fast becoming a prime example of what is should do to attract investment and benefit everyone in the country said NJ Ayuk CEO of the African Chamber of Energy Growing access to power While Niger once imported 80 of its electricity it now only imports more than 60 of its energy needs and the trend towards self sufficiency is likely to continue This represents an opportunity for project developers energy companies organizations and financiers to unlock access to electricity for millions of people who do not have electricity Niger has taken measures to improve access to electricity such as national strategies for access to electricity such as the National Electricity Policy Document DPNE and the National Strategy for Access to Electricity accompanied by a Master Plan for Access to Electricity by 2035 Niger also ratified the Energy Charter 1991 and the international energy charter in 2015 The Energy Charter Treaty represents the best international instrument that guarantees the protection of investments In addition to oil investments Niger has seen growing investment opportunities in solar power in hopes of increasing the nation s electrification The various current projects include the Niger Solar Electricity Access Project NESAP financed by the World Bank the Niger Access to Electricity Acceleration Project HASK approved on December 10 2021 by the world bank in the amount of 317 5 million to support grid electrification solar PV powered mini grids off grid solar electrification of public institutions and homes and clean cooking
African Energy Chamber to discuss oil, gas and energy opportunities in Niger during ECOWAS Mining and Petroleum conference 16-18 February 2022

Niger‘s relatively low cost of production per barrel and an accomplished export channel are expected to act as a tycoon for new entrants.

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JOHANNESBURG, South Africa, February 8, 2022/APO Group/ —

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African Energy Chamber

The African Energy Chamber (www.EnergyChamber.org) will lead a delegation to Niger for the ECOWAS Mining and Petroleum conference in Niamey, Niger, from February 16-18, 2022. High on the agenda, there will be discussions highlighting the significant opportunities that Niger offers. investors, explorers, service companies and engineering companies in oil and gas, mining and energy. Discussions will also address the transformative impact the oil and gas sector is likely to have on Niger’s economy for decades to come, as well as ways the government can continue to improve the operating environment to attract even more energy investment, with a focus on creating well-paid jobs for Niger’s youth population.

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Niger’s oil and gas industry is expected by 2025 to account for approximately 24% of GDP, 45% of tax revenues and 68% of exports, as well as 8-12% of formal employment in Niger . Niger’s current oil reserves have estimates of 3.754 million barrels of oil reserves and 957 million barrels of recoverable oil reserves. Current gas reserves are estimated at 34 billion cubic meters with recoverable reserves of 24 billion cubic meters.

A nation poised for major oil and gas investments

Mohamed Bazoum

Niger is fast becoming an attractive destination for oil and gas investment under the leadership of the President, HE Mohamed Bazoum, taking conscious and aggressive steps to set the stage for a boom in exploration for more hydrocarbons in its prolific basins, such as as well as developing infrastructure to connect Niger as a producer with markets in the region and beyond.

Agadem Rift

First oil from China Major CNPC‘s Agadem Rift basin assets is expected in mid-2023 when the 1,275 km Niger-Benin crude oil pipeline is completed, months ahead of schedule and despite COVID-19 pandemic-related delays. Covid-19. This is also a testament to the success of Oil and Energy Minister HE Mahamane Sani Mahamadou’s approach of continuously engaging all stakeholders in the pipeline project, to ensure that delays are avoided. Once completed, the pipeline will see Niger’s daily production increase from 20,000 barrels per day to 110,000 barrels per day.

Savannah Energy

Niger’s relatively low cost per barrel ($15) of production, including research, development and exploitation), and a full export pipeline is expected to act as a mogul for new entrants interested in the 41 blocks currently available in Niger. The government is finalizing a review of its existing acreage, with a view to introducing regulation to facilitate seismic acquisition and encourage drilling. Other successful players in Niger’s upstream industry include SIPEX, a wholly owned subsidiary of Algeria‘s SONATRACH, and UK independent Savannah Energy. Niger’s procedure for awarding oil blocks is fast and transparent. Both Savannah and SIPEX recently received government approval for extensions in record time at their PSCs, ensuring contractual stability and the government’s commitment to providing explorers with the right incentives to develop assets. Savannah has identified a total of 146 potential exploration targets to consider for future drilling and has had 100% success rates on five drill holes after the inaugural exploration drilling campaign in 2018.

Agadem Rift

The acreage of the Agadem Rift basin explored by CNPC has estimated 2P recoverable reserves of 815 million barrels and an exploration success rate of 81%. Adding to the favorable investment conditions, the current tax regime, which includes exemption from VAT and customs duties (for the exploration phase and the first five years of exploitation), Oil Tax of between 40% and 60%, a of royalties of 12.5% ​​and a Cost Stop rate of 70% is very competitive compared to the world.

African Energy Week in Cape Town

In November 2021, during his keynote address at the African Energy Week in Cape Town, Minister Mahamane Sani Mahamadou announced a strong push by his government towards gas monetization. This is expected to include gas-to-power projects as well as the development of pipeline infrastructure to markets in northern Nigeria.

African Chamber of Energy

“Equipped with its oil and gas production potential, high oil exploration success rates, attractive tax regime, relatively low operating cost, and various energy policies already in place, Niger is fast becoming a prime example of what is should do to attract investment and benefit everyone in the country,” said NJ Ayuk, CEO of the African Chamber of Energy.

Growing access to power

While Niger

While Niger once imported 80% of its electricity, it now only imports more than 60% of its energy needs, and the trend towards self-sufficiency is likely to continue. This represents an opportunity for project developers, energy companies, organizations and financiers to unlock access to electricity for millions of people who do not have electricity. Niger has taken measures to improve access to electricity, such as national strategies for access to electricity, such as the National Electricity Policy Document (DPNE) and the National Strategy for Access to Electricity, accompanied by a Master Plan for Access to Electricity by 2035. Niger also ratified the Energy Charter (1991) and the international energy charter in 2015. The Energy Charter Treaty represents the best international instrument that guarantees the protection of investments . In addition to oil investments, Niger has seen growing investment opportunities in solar power in hopes of increasing the nation’s electrification. The various current projects include: the Niger Solar Electricity Access Project (NESAP) financed by the World Bank, the Niger Access to Electricity Acceleration Project (HASKÉ) approved on December 10, 2021 by the world bank in the amount of $317.5 million to support grid electrification, solar PV-powered mini-grids, off-grid solar electrification of public institutions and homes, and clean cooking.

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