*Signals resurgence of the Angolan economy
*A resurgent Angola with a new political mandate and investment priorities will be the focal point of the Angola Oil & Gas 2019 Conference and Exhibition to be held from June 3-7, 2019 in Luanda
19 November 2018, Sweetcrude, Luanda, Angola — The 2019 Angola Oil & Gas Conference and Exhibition, to be held in Luanda from June 3 to 7, 2019, has been officially endorsed by the Ministry of Mineral Resources and Petroleum of Angola and organized by Africa Oil & Power.
Angola Oil & Gas 2019 supports the government’s goal to bring greater investments to Angolan oil fields and highlight the recent reforms made by President João Lourenço that will significantly boost Angola’s competitiveness.
The conference will be a platform for the government to disclose new opportunities for the oil industry in Angola, including the licensing of new petroleum blocks, new legislation for gas exploration and investment, exploration of marginal oil fields, onshore exploration and investments in all areas of the petroleum supply chain.
A resurgent Angola with a new political mandate and investment priorities will be the focal point of the Angola Oil & Gas 2019 Conference and Exhibition to be held from June 3-7, 2019 in Luanda. Angola Oil & Gas 2019 will be the main event of the national oil industry for this revitalized sector, addressing the new investment climate under the leadership of President João Lourenço, the role of a new national oil and gas agency in the development of the sector, and the issuance of new licenses for exploration and production companies. The Ministry of Mineral Resources and Petroleum is working in partnership with organizer Africa Oil & Power (www.AfricaOilandPower.com) to produce the country’s largest investment conference in years.
“Angola has been one of the world’s leading producers of oil and gas, and under the new administration of President João Lourenço, we are focused on revitalizing and increasing our potential exponentially. We intend with this conference to maximize the value created for the Angolan economy by bringing investors who can increase the competitiveness in the oil market and use the Angolan oil industry as the main catalyst for boosting the economy in general,” said the Minister of Mineral Resources and Petroleum of the country, Diamantino Pedro Azevedo. “The sector has seen several changes, including a sustained drop in oil prices. Thanks to the reforms, Angola is stronger and better positioned in the current investment climate. We look forward to using Angola Oil & Gas 2019 as a platform to capitalize on new business and spark new interest in the industry as projects move forward.”
Angola Oil & Gas 2019 will be the ultimate venue for the presentation of oil and gas projects, ongoing exploration activity, mergers and acquisitions and the presentation of companies operating in Africa’s second largest oil producer, with 1.5 million barrels per day. The conference will be the definitive platform for the government to disclose details about the 2019 oil and gas licensing round and to unveil new legislation for gas exploration and investment in marginal oil fields. Also a focal point of the program will be the creation of a new National Agency for Petroleum and Gas, which in 2019 will assume oil and gas licensing responsibilities.
The event will gather key governmental officials and C-level executives spanning the spectrum of the energy industry for a packed agenda of keynote presentations, moderated panel discussions, an exhibition, and networking gatherings. Angola Oil & Gas will put a premium on deal-making and relationship brokering as Angola aims to attract investment in all segments of the petroleum industry. African ministers of petroleum will attend the event, as well as international investors and decision-makers.
“This is the time for global oil and gas investors, and Africa-focused companies, to take a fresh look at Angola,” said Africa Oil & Power CEO Guillaume Doane. “The petroleum industry is set to benefit from the impetus provided by a new political administration and favorable oil prices, as well as the increasing influence of local companies. Angola Oil & Gas 2019 will be the catalyst for economic activity and investment in Angola, a platform to showcase the country’s enormous potential, explain the projects and meet the key actors.”
A comprehensive report on the Angolan energy sector entitled Africa Energy Series Angola 2019 will also be produced in tandem with the conference. The book will be an official investment tool for the Angolan oil and gas industry and will feature interviews and resources on Angola’s most pressing energy issues and opportunities, including the acquisition of new licenses and new exploration of the offshore basins, strategies for reversing oil production declines, the potential for onshore oil and gas exploration, the emerging role of LNG, building a strong domestic sector and diversifying the economy through downstream efforts.