Latest news with #StructuresA&EProject
Zawya
20-03-2025
- Business
- Zawya
North Africa's Growing Energy Influence - Key Projects and Investment Opportunities
North Africa has long been a key player in the global energy arena, and its role is set to expand as the region advances in oil and gas, hydrogen and renewable energy. From exploration and production to innovative investment opportunities, North Africa's energy landscape is evolving, with both mature and frontier markets attracting diverse global players. At this year's African Energy Week: Invest in African Energies conference in Cape Town, North African nations will showcase their growing contributions to Africa's energy future, highlighting key projects and investment prospects across the sector. Libya: A Future of Exploration and Gas Utilization Libya is experiencing an upstream revival with ongoing exploration in the Ghadames, Sirte and Murzuq basins, alongside an upcoming 22-block licensing round that looks to attract international oil companies (IOCs) to its unexplored offshore and onshore blocks. The National Oil Corporation is advancing 45 greenfield and brownfield projects, aiming to boost production to 2 million billion barrels per day. Alongside this, the Structures A&E Project aims to boost Libya's gas production for domestic use and export to Europe, while the Bouri Gas Utilization Project will recover hydrocarbons from associated gas, reducing CO2 emissions by approximately 1.5 million tons annually. Algeria: Expanding Gas and Renewable Potential The Algerian government is investing $50 billion in oil and gas projects through 2027 to boost production from flagship assets like the Hassi R'Mel field and bring new output online. The country aims to increase annual gas production to 200 billion cubic meters over the next five years and reach 1.2 million BPD in 2025, supported by its latest onshore licensing round and enhanced oil recovery from historic fields. Meanwhile, IOCs are ramping up activities: ExxonMobil and Chevron are exploring hydrocarbon resources in the Ahnet, Gourara and Berkine basins; TotalEnergies is leading gas appraisal and development in Timimoun; Eni and Equinor are revitalizing the In Salah and In Amenas fields; and Sinopec is focusing on complex reservoir development and skills training. Algeria is emerging as a hydrogen energy pioneer, spearheading the SoutH2 Corridor green hydrogen project in partnership with European stakeholders, which will repurpose natural gas pipelines to transport green hydrogen to Europe. With its strategic location and abundant resources, Algeria aims to become a key global hydrogen player, offering significant investment opportunities in emerging green energy technologies. Egypt: A Rising Gas Powerhouse Egypt's oil and gas sector is experiencing significant growth with new licensing opportunities and increased production efforts. The latest licensing round offers 13 exploration and production blocks across key regions like the Mediterranean Sea and Nile Delta, aiming to boost exploration and attract international investment. In FY 2024/25, Egypt launched several projects, including seven exploratory wells and five development initiatives, with major companies like bp, Eni and ExxonMobil driving activity. In 2025, Eni plans to drill two development wells at Egypt's flagship Zohr gas field, which once accounted for up to 40% of the country's gas production. Continued investments, including $434 million by the Egyptian Natural Gas Holding Company for further exploration, position Egypt as a leading energy producer in Africa and the Mediterranean. Morocco: A Gateway for Gas and Green Energy Morocco's energy sector is undergoing significant transformation as the country diversifies its energy mix, with a strong focus on gas and renewable energy. The Nigeria-Morocco Gas Pipeline, a major project stretching over 5,600 kilometers, is set to supply natural gas to multiple West and North African countries, with initial tenders expected to be launched this year. In parallel, Morocco has committed to substantial investments in clean energy, including six green hydrogen projects totaling $32.5 billion and plans to invest $3 billion in its national electricity grid by 2030. With a goal of generating 52% of its electricity from renewables by 2030 and hosting one of the world's largest concentrated solar power plants, Morocco offers significant opportunities for clean energy investment. 'As North Africa's energy sector continues to evolve, AEW 2025: Invest in African Energies will spotlight the region's growing importance in the global energy mix. With vast natural resources, ongoing infrastructure developments and ambitious renewable energy targets, North Africa is poised to play a central role in shaping the future of global energy while pioneering a balanced fossil fuel and renewable development strategy for the world,' says Ore Onagbesan, Program Director, African Energy Week. Distributed by APO Group on behalf of African Energy Chamber. 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
05-03-2025
- Business
- Zawya
Libya Launches 2025 Bid Round, Paving the Way for Oil & Gas Revival
Libya's oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The Libyan government has officially launched the 2025 bid round for oil exploration, a long-anticipated move that marks a significant milestone in the country's efforts to revitalize its energy industry. The bid round is expected to attract foreign investors and drive exploration activities across Libya's resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Momentum is already building across Libya's energy industry, with several upstream developments demonstrating the country's renewed focus growth and investment. Last month, Mellitah Oil and Gas Company successfully resumed gas production at Well CC18 in the Bahr Essalam field, reinforcing Libya's ability to meet both domestic and export demands. This increase in production from existing fields underscores the country's commitment to stabilizing and expanding its energy supply. Meanwhile, Eni's offshore drilling campaign in Libya's Sirte Basin is set to be one of the most closely watched exploration programs in 2025, with four exploration wells in the pipeline. In the Ghadames Basin, bp is advancing a multi-well drilling campaign targeting multiple oil and gas formations, leveraging existing seismic data as well as exploring participation in the 2025 bid round. Offshore infrastructure projects are also advancing, including Eni's Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant. Engineering and construction activities for the Structure A platform are already underway, with offshore drilling set to begin in the first half of 2025. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year. Last month, ABL was engaged to support Saipem in overseeing the installation of critical equipment for the Bouri Gas Utilization Project, aimed at enhancing offshore production capacity and advancing the development of Libya's significant natural gas reserves. Alongside Nigeria, Angola and Namibia, Libya's renewed focus on exploration and production is positioning it as a vital player in the region's energy landscape and a key oil and gas hotspot in Africa for 2025. These developments will take center stage at African Energy Week (AEW): Invest in African Energies 2025, the continent's leading energy investment platform. With the bid round now officially confirmed, AEW presents a crucial opportunity for Libya to showcase its projects, attract foreign partners and secure the investments needed to drive long-term growth. As Libya reopens its energy sector to global players, AEW 2025 will be instrumental in facilitating discussions on regulatory stability, infrastructure expansion and strategies for maximizing the country's resource potential. The event will bring together Libyan stakeholders, international investors, and industry leaders, fostering the partnerships necessary to shape the future of Libya's energy sector. 'The announcement of the 2025 bid round marks a pivotal moment for Libya – a market on the brink of major transformation – offering global investors a unique opportunity to engage with one of Africa's most promising energy markets. With a renewed commitment to growth and development, Libya is not only securing its own energy future but also positioning itself as a key contributor to Africa's energy revolution, a central focus of AEW 2025,' says NJ Ayuk, Executive Chairman of the African Energy Chamber. With production ramping up, offshore infrastructure projects advancing and private sector participation increasing, Libya is making it clear that it is open for business. As Africa's energy landscape continues to evolve, Libya is set to play a pivotal role in securing the continent's position as a global energy powerhouse. 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. Distributed by APO Group on behalf of African Energy Chamber.
