In order to strengthen cooperation between African companies, encourage the development of strong African content and promote joint venture opportunities, Malabo will host the Oil & Gas Meeting Day from 1-2 October
The Oil & Gas Meeting Day will provide opportunities for African service companies to make deals with regional and international partners and drive global transformations within the oil services industry.
It will provide a platform to share experiences on local content and advocate for regionalisation of local content development within African oil markets.
Nj Ayuk, executive chairman at the African Energy Chamber and CEO of the Centurion Law Group, said, “Equatorial Guinea is rapidly becoming a hub for African service companies, driving a regional approach to local content based on partnerships and oil industry cooperation.”
“The development of a strong African oil services industry is crucial if we want to get value out of our natural resources and create jobs. The way to build African capacities is to work together and create jobs, and we are happy Malabo is bringing everyone together,” he added.
In addition, Angolan and Mozambican services companies are answering to Equatorial Guinea’s call for cooperation and will participate in the Oil & Gas Meeting Day.
The delegation will be led by the president of the African Energy Chamber in Angola, Sergio Pugliese.
“Angola is known for having strong local services companies. The growth of our local content is now accelerating thanks to the reforms made by President João Lourenço and his administration,” said Sergio Pugliese.
“We now have Angolan companies that developed strong capabilities and are ready to expand beyond Angola. They are seeking partnerships and deals with other African and international services and technology companies, to serve both their regional expansion plans but also to further support the growth of the Angolan industry at home. The Oil & Gas Meeting Day provides the perfect platform to seal such deals,” he added.
