Latest news with #PETROCI
Zawya
22-05-2025
- Business
- Zawya
Ivory Coast's Energy Future in Focus: PETROCI Chief Executive Officer (CEO) to Speak at African Energy Week (AEW) 2025
PETROCI CEO Fatoumata Sanogo is confirmed to speak at this year's edition of African Energy Week (AEW): Invest in African Energies. As the head of Ivory Coast's national oil company, Sanogo plays a central role in shaping the country's hydrocarbons strategy and driving forward a new phase of investment and collaboration across the Ivorian energy landscape. Ivory Coast has rapidly emerged as one of West Africa's most stable and forward-looking oil and gas markets. Under Sanogo's leadership, PETROCI is not only consolidating its position as a key upstream player, but also actively advancing landmark projects and forging regional partnerships to accelerate energy development and economic growth. A cornerstone of this effort is the Baleine field, the largest hydrocarbon discovery in the country's history. Operated by Eni in partnership with PETROCI, the Baleine project recently entered Phase 2 of development, which is set to increase production to 70 million cubic feet of gas and 60,000 barrels of oil per day. Over the course of three development phases through to 2027, Eni is expected to invest a total of $10 billion, marking a significant long-term commitment to Ivory Coast's energy sector. In March 2024, Eni announced another major offshore gas and condensate discovery with the Calao field, estimated to hold between 1 and 1.5 billion barrels of oil equivalent in potential resources. Appraisal wells will be required to further assess the find and determine the optimal development strategy. As Ivory Coast looks to build on this momentum, PETROCI is actively seeking new partnerships to fast-track the development of additional oilfields. The company recently initiated discussions with Angola's Sonangol to exchange technical expertise and reinforce South-South cooperation. This approach reflects a broader strategy to deepen regional integration, attract investment and accelerate project delivery by leveraging shared capabilities and aligning development timelines. 'Ivory Coast's energy sector is underpinned by strong fundamentals: political stability, a transparent regulatory environment, competitive fiscal terms and a government that continues to prioritize long-term investment. The country represents a true 'home' for oil and gas investment – one that not only offers low above-ground risk, but also high returns across both mature and frontier acreage,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. With over $15 billion in investments anticipated in Ivory Coast's oil and gas sector – aiming to reach 200,000 barrels of oil per day by 2027 – Sanogo will offer exclusive insight into PETROCI's strategic direction, emerging investment opportunities and how the company is aligning national energy development with regional and global priorities, including energy security, job creation and sustainable growth. Distributed by APO Group on behalf of African Energy Chamber. About AEW: Invest in African Energies: 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.
Zawya
28-01-2025
- Business
- Zawya
African Energy Ministers, National Oil Companies (NOCs) and Regulators Stand Out Among African Energy Chamber's (AEC) 2025 Movers and Shakers
Key African energy ministers, national oil companies (NOCs) and regulators have been recognized for their contributions to advancing hydrocarbon exploration, LNG megaprojects and policy reforms in the African Energy Chamber's ( Top 40 Movers and Shakers to Watch in 2025 list. Namibia's Tom Alweendo, Minister of Mines and Energy, is at the forefront of the country's emerging oil industry. With first oil expected by 2029 and a pioneering local content policy in place, Minister Alweendo is focused on translating Orange Basin discoveries into tangible development, while balancing investor and community needs. In the Republic of Congo, Bruno Jean-Richard Itoua, Minister of Hydrocarbons, has led milestones including the country's first LNG exports and the Banga Kayo gas project. As Congo prepares for a 2025 licensing round and implements its Gas Master Plan, Minister Itoua's leadership will be critical in positioning the country as a leading energy hub. Equatorial Guinea's Antonio Oburu Ondo, Minister of Mines and Hydrocarbons, is driving efforts to reverse declining oil and gas production. Minister Ondo is tasked with securing investment, implementing the Gulf of Guinea gas pipeline project with Nigeria, and advancing the Yoyo-Yolanda gas project to revitalize the country's energy sector. Africa's leading NOCs and regulators were also recognized for their pivotal role in driving energy sector developments in 2025. Godfrey Moagi, CEO of South Africa's National Petroleum Company (SANPC), is spearheading efforts to develop the Brulpadda and Luiperd discoveries, while advancing gas-to-power projects at Saldanha Bay, Richards Bay and Coega LNG terminals. Moagi's leadership will determine SANPC's ability to establish itself as a key player in the country's energy transition. In Angola, Sebastião Gaspar Martins, CEO of Sonangol, is driving a sweeping transformation to restore the company's profitability. With strategic partnerships, operational streamlining and the sale of non-core assets, Sonangol is poised to emerge as a more efficient and competitive entity under his guidance. Maxient Raoul Ominga, Managing Director of SNPC, is spearheading initiatives in the Republic of Congo to boost oil production to 500,000 barrels per day. Through the development of key fields and implementation of the Gas Master Plan, Ominga is positioning Congo as a competitive gas player while reducing flaring and diversifying revenue streams. In Ivory Coast, Fatoumata Sanogo, CEO of PETROCI, is driving hydrocarbon development through strategic partnerships with TotalEnergies and Eni. With the Baleine field development on track to significantly boost production by 2025, PETROCI is cementing the country's position as a regional energy hub. Sylvia dos Anjos, Head of E&P at Petrobras, is leading the Brazilian NOC's ambitious re-entry into Africa, targeting markets in Namibia, South Africa and Angola. Her vision focuses on leveraging untapped reserves to establish Petrobras as a competitive player and strengthen Brazil's partnership with Africa. In Sierra Leone, Foday Mansaray, Director General of the Petroleum Directorate, is fostering investment in offshore oil and gas exploration. Following the successful conclusion of Sierra Leone's fifth licensing round, Mansaray is focused on turning interest into tangible exploration and production gains. As Africa's energy future continues to unfold, the AEC remains committed to recognizing and supporting the leaders who are making transformative impacts in the sector. For the full Africa's Top 40 Movers and Shakers to Watch in 2025 list, visit Distributed by APO Group on behalf of African Energy Chamber.
