Latest news with #CEIF
Zawya
17-04-2025
- Business
- Zawya
Congo Energy & Investment Forum Returns to Brazzaville in March 2026
The Republic of Congo will host the second edition of the Congo Energy&Investment Forum (CEIF) from March 10-12, 2026. As the country gears up for a significant increase in its oil output over the next three years and plans to strengthen its position in the natural gas sector, CEIF – under the theme Invest. Build. Empower: Transforming Congo's Energy Landscape – underscores Congo's growing role in the global energy landscape. The 2025-2026 period promises to be an exciting time for Congo's energy sector. Set to begin operations by December 2025, Phase 2 of the Congo LNG project will enable energy major Eni to increase gas production from 0.6 million tons per annum (mtpa) to 3 mtpa. Meanwhile, the Fouta refinery construction project is expected to start up by the end of the year and is set to produce 2.5 million tons of petroleum products per year – including diesel and gasoline – upon commissioning. These developments highlight the commitment of major operators to position Congo as a global oil and gas producer, with upcoming regulation and investments further supporting this goal. In the gas sector, the country is targeting 3 million tons of LNG per year by this year from Eni's Marine XII development – featuring the Congo LNG project. This target comes on the heels of Congo's February 2024 milestone where the country exported its first LNG cargo from the Tango FLNG facility. The Republic of Congo boasts over 10 trillion cubic feet of proven natural gas resources and is set to unveil its Gas Master Plan, launch a National Gas Company and release a new Gas Code this year. Driven by a series of landmark projects spearheaded by industry giants including TotalEnergies, Trident Energy and Perenco, Congo aims to nearly double oil output from the current 280,000 barrels per day (bpd) to 500,000 bpd by 2027. With aims to harness untapped reserves and maximize the potential of existing assets, this strategy will focus on expanding production in both new and mature fields. To support this goal, the country is set to launch a new international oil and gas licensing round this year. This initiative is expected to usher in a new wave of investment in sub-Saharan Africa's third-largest oil producing market. The licensing round is designed to attract international oil companies with technical expertise and financial capacity to develop deepwater resources, as well as local and independent companies to exploit marginal fields. At CEIF 2025, Congo unveiled plans to double its power generation capacity to 1,500 MW by 2030, with a strong focus on renewable energy projects. The country holds an estimated hydropower potential of 27,000 MW, though only 1% of this resource has been developed. As such, the government has identified several key projects, including water diversion and storage techniques, to maximize hydropower output. Through a series of dedicated panel sessions, technical workshops and presentations at CEIF 2026, the event will provide an in-depth look at Congo's investment landscape. The conference will highlight crucial developments across the country's energy sector as well as the broader strategic importance of Congo's energy ambitions. 'CEIF 2026 serves as a vital platform to showcase Congo's dynamic energy transformation. As the country scales up oil and gas production and prioritizes renewables, the conference fosters meaningful dialogue, attracts investment and strengthens partnerships essential to unlocking the full potential of Congo's evolving energy and investment landscape,' states Sandra Jeque, Events and Project Director at Energy Capital&Power. Supported by the Ministry of Hydrocarbons and national oil company Société nationale des pétroles du Congo, CEIF 2026 will bring together local, regional and international delegates to explore new partnership opportunities across the energy and investments sectors. This highly anticipated event builds on the success of the inaugural edition, which convened government officials, top investors, IOCs, NOCs, independents and industry experts who shared vital insights into Congo's oil, gas and energy landscape – paving the way for expanded collaboration and professional networking in 2026. For more information and to register your interest for CEIF 2026, please visit Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
28-03-2025
- Business
- Zawya
CORRECTION: Billions in Investment Opportunities Presented by Premier Invest at Congo Energy & Investment Forum (CEIF) 2025
Financial services provider Premier Invest has announced a series of investment opportunities in the African energy and oil and gas sectors. covering a range of four energy projects across Benin, Zambia and South Africa and five oil and gas projects across Nigeria and Ghana, as well as Guyana. The announcement was made on March 26 by Rene Awambeng, Founder and Managing Partner of Premier Invest during a dedicated deal-room session – Showcasing Upstream Oil and Gas Transactions in Africa – at the inaugural Congo Energy&Investment Forum (CEIF) in Brazzaville. 'The deal-room sessions on the sidelines of the Congo Energy&Investment Forum are an opportunity to provide a platform for sponsors, developers and project promoters to showcase significant upstream, midstream, downstream and power transactions in Africa to potential investors,' stated Awambeng. The first opportunity, a 43 MW clean gas project in Benin, is seeking $84 billion in project finance. Currently in the commercial close stage of development, the project will help reduce the cost of energy in the country while bolstering economic growth, job creation and improving Benin's energy security. Meanwhile, Zambia features a $92 million investment opportunity in a 71 MW hybrid solar PV and wind project. The project will feature a power purchase agreement over a period of 25 years and is estimated to feature an annual production of 232 GWh per year. In South Africa, a 100 MW solar PV project has an $87 million investment opportunity. The project will feature an offtake agreement with the National Energy Regulator of South Africa and a power purchase agreement of 20 years. The project will boast an annual production rate of 195 GWh per year. Concluding the energy investment opportunities South Africa is also seeking $100 million in investment to finance a 100 MW clean-gas project to complement intermittent renewable energy sources, such as solar and wind, while offering a cleaner solution to the country's reliance on coal. The project features a proposed capital structure of 70:30 and is in the active implementation stage. Phase 1 of the project will feature a commitment of $140 million to develop inland facilities, pipelines and site works while the second phase will feature an investment of $60 million focusing on engineering, procurement and construction contracts for tanks, instrumentation and commissioning. Meanwhile, a state-of-the-art gas-to-liquids plant – the details of which are subject to a non-disclosure agreement – is seeking interested parties to participate in an upcoming formal investment process. The project will have a validated production capacity of 1,850 barrels of oil per day and will feature an earnings before interest, taxes, depreciation and amortization measure of approximately $50 million. Ghana is seeking $759 million in financing to develop four offshore production wells. Financing will be used to develop tie-back infrastructure to existing FPSO infrastructure, targeting 57.8 million standard barrels of oil. The project aims to produce 5 million barrels of oil per year, with potential investors set to receive 84% of the total project net present value. An indigenous oil development company in Nigeria is seeking an experienced management team to invest $18 million to drill additional wells and increase production at a field with a projected production rate of 2,300 barrels per day. The field area covers 46km 2 and is covered by 3D seismic surveys. Finally, Awambeng also announced a $25 million investment opportunity in Guyana. The project will be adjacent to one of the most productive offshore oil fields in the region and boasts recoverable reserves of approximately 400 million barrels. Investment will be used to support conventional offshore drilling and FPSO tie-up. The companies involved in the investment opportunities will be disclosed upon inquiry, with financing options subject to non-disclosure agreements. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-03-2025
- Business
- Zawya
Billions in Investment Opportunities Presented by Premier Invest at Congo Energy & Investment Forum (CEIF) 2025
Financial services provider Premier Invest has announced a series of investment opportunities in the African energy and oil and gas sectors. covering a range of four energy projects across Benin, Zambia and South Africa and five oil and gas projects across Nigeria and Ghana, as well as Guyana. The announcement was made on March 26 by Rene Awambeng, Founder and Managing Partner of Premier Invest during a dedicated deal-room session – Showcasing Upstream Oil and Gas Transactions in Africa – at the inaugural Congo Energy&Investment Forum (CEIF) in Brazzaville. 'The deal-room sessions on the sidelines of the Congo Energy&Investment Forum are an opportunity to provide a platform for sponsors, developers and project promoters to showcase significant upstream, midstream, downstream and power transactions in Africa to potential investors,' stated Awambeng. The first opportunity, a 43 MW clean gas project in Benin, is seeking $84 billion in project finance. Currently in the commercial close stage of development, the project will help reduce the cost of energy in the country while bolstering economic growth, job creation and improving Benin's energy security. Meanwhile, Zambia features a $92 million investment opportunity in a 71 MW hybrid solar PV and wind project. The project will feature a power purchase agreement over a period of 25 years and is estimated to feature an annual production of 232 GWh per year. In South Africa, a 100 MW solar PV project has an $87 million investment opportunity. The project will feature an offtake agreement with the National Energy Regulator of South Africa and a power purchase agreement of 20 years. The project will boast an annual production rate of 195 GWh per year. Concluding the energy investment opportunities South Africa is also seeking $100 million in investment to finance a 100 MW clean-gas project to complement intermittent renewable energy sources, such as solar and wind, while offering a cleaner solution to the country's reliance on coal. The project features a proposed capital structure of 70:30 and is in the active implementation stage. In the oil and gas sector, gas producing company NESGAS is seeking $200 million in financing for the development of an LPG bulk storage facility in the Oil&Gas Free Zone in Nigeria. Phase 1 of the project will feature a commitment of $140 million to develop inland facilities, pipelines and site works while the second phase will feature an investment of $60 million focusing on engineering, procurement and construction contracts for tanks, instrumentation and commissioning. Meanwhile, a state-of-the-art gas-to-liquids plant – the details of which are subject to a non-disclosure agreement – is seeking interested parties to participate in an upcoming formal investment process. The project will have a validated production capacity of 1,850 barrels of oil per day and will feature an earnings before interest, taxes, depreciation and amortization measure of approximately $50 million. Ghana is seeking $759 million in financing to develop four offshore production wells. Financing will be used to develop tie-back infrastructure to existing FPSO infrastructure, targeting 57.8 million standard barrels of oil. The project aims to produce 5 million barrels of oil per year, with potential investors set to receive 84% of the total project net present value. An indigenous oil development company in Nigeria is seeking an experienced management team to invest $18 million to drill additional wells and increase production at a field with a projected production rate of 2,300 barrels per day. The field area covers 46km 2 and is covered by 3D seismic surveys. Finally, Awambeng also announced a $25 million investment opportunity in Guyana. The project will be adjacent to one of the most productive offshore oil fields in the region and boasts recoverable reserves of approximately 400 million barrels. Investment will be used to support conventional offshore drilling and FPSO tie-up. The companies involved in the investment opportunities will be disclosed upon inquiry, with financing options subject to non-disclosure agreements. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-03-2025
- Business
- Zawya
Congo's Hydrocarbons Minister Endorses Congo Energy & Investment Forum (CEIF) 2026, Eyes 500,000 bpd Production Target
H.E. Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, has endorsed the continuation of the Congo Energy&Investment Forum (CEIF) through 2026, emphasizing its role in supporting the country's ambitious production targets. During a Fireside Chat with Daisy Portella at the Congo Energy&Investment Forum 2025, Minister Itoua said, 'Considering Congo's objective to reach 500,000 barrels per day in the next three years, I want CEIF to be held annually for the next three years.' Minister Itoua also announced plans to revise the 2016 Hydrocarbons Code to make it more attractive and modern. Minister Itoua announced that the revision is part of the ministry's strategy to enhance oil production by developing marginal fields. 'We are working on revisiting the 2016 Hydrocarbons Code to modernize it and make it more attractive,' he stated. Discussing marginal fields, he outlined opportunities for local companies. 'Marginal fields provide immediate cash flow. They require only minimal additional investment and are within the reach of national companies. 'With the African Petroleum Producers Organization countries, we are considering this approach. Once we master this, we can move on to exploration.' He encouraged local players' participation, adding, 'We want to see national companies become true industrial players. There are opportunities for national oil companies to partner and grow.' Minister Itoua shared the same objective for the Société Nationale des Pétroles du Congo (SNPC), stating, 'SNPC holds some marginal fields, such as Konkuala. I want to see SNPC become the Perenco of Congo. I intend to propose new offshore marginal fields to SNPC.' As part of this strategy, Minister Itoua plans to launch a new licensing round soon to attract investment in deepwater, marginal fields, and gas assets. 'There may be a session soon to launch the new licensing round with Energy Capital&Power. We want to give access to deepwater acreage, some marginal fields, and a special bid round focused on gas,' he stated. The Minister also emphasized the growing importance of gas in the country's energy strategy. 'We have accelerated the adoption of a gas code and we intend to create the Office Congolais du Gaz to serve as a local intermediary for stakeholders in the gas value chain,' he said. 'We are ready to discuss and support any gas project.' Minister Itoua sees gas as a transition fuel that will enable Congo to achieve energy security while highlighting the continued need for fossil fuels. 'Studies show that until 2040, the global energy mix will still require 40% fossil energy,' he noted. 'Africa is working for the world, and gas is now recognized as the ideal transition fuel.' Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-03-2025
- Business
- Zawya
Congo Energy & Investment Forum (CEIF) 2025: Legal, E&P Experts Say Congo Ready for Increased Hydrocarbon Investment
With the upcoming establishment of a National Gas Company, the launch of a new Gas Code and development of a Gas Master Plan, the Republic of Congo is on a clear path to mobilizing capital to drive growth in its natural gas sector. Congo is home to an estimated 10 trillion cubic feet of natural gas, which is located in offshore fields such as Litchendjili, Néné, Minsala and Nkala, within the Marine XII license. As such, a strong lineup of legal and hydrocarbons experts participated in a panel session – Revitalizing the Hydrocarbons Sector by Unlocking Investment – at the inaugural Congo Energy&Investment Forum (CEIF) on March 26 in Brazzaville where they discussed how investors can drive growth in Congo's natural gas sector through favorable policies and emerging trends. 'The government [of Congo] is planning to establish a national gas company to encourage private investment and build up public-private partnerships,' stated Yves Ollivier, Managing Director of legal firm CLG Congo, adding, 'This will be the equivalent to the SNPC [ Société Nationale des Pétroles du Congo ] in terms of gas.' Congo's regulatory framework has evolved to support major developments in the natural gas sector, which include energy major Eni's Congo LNG project – Congo's first natural gas liquefaction initiative. As such, the upcoming Gas Code aims to establish a legal and regulatory framework to attract investment in gas exploration and production. 'We are in an environment where conditions are united so that we have the potential for returns on investment,' stated Yannick Mouamba, Country Director of Congo, Gabon and Sao Tome and Principe, SLB, adding,' Looking at the landscape of opportunities, this is the right place to run technology and show the value of what the country can offer.' Meanwhile, the Gas Master Plan – launching this year – will provide a strategic roadmap for investment, infrastructure development and resource management in the gas industry. This initiative is designed to create a robust framework for investors, laying the groundwork for sustainable growth and the achievement of the country's industrial goals. 'When investors want to invest their money, they are looking for sustainable returns,' stated Rene Awambeng, Founder and Managing Partner, Premier Invest, adding, 'Africa is richly endowed in hydrocarbons and for Congo to attract investments, you need to create the right enabling environment.' In addition to natural gas, Congo's National Oil Company SNPC has ambitious plans to increase the country's oil production to 500,000 barrels per day (bpd) by 2027. To attract new investment in exploration and production, Congo is leveraging new policy reforms and plans to launch a new licensing round this year, which will focus on onshore and offshore fields. 'In complex geological domains, such as onshore Congo, we look at the impact of decreasing cost to the customer. Most importantly, we also look at an increase in accuracy of data, which leads to a reduction in risk,' stated Jevon Hilder, Senior Business Development Manager, TGS. 'The ambition is there,' stated Anastasia Deulina, CFO, Afentra, adding, 'The production objective of 500,000 bpd is admirable, and we very much would love to be part of that story. There is a lot of support from the government.' The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
