Africa Energy announces new appointment for block development offshore South Africa

In a bid to advance the development of Block 11B/12B in the Outeniqua basin offshore South Africa, Africa Energy Corp has hired Phindile Masangane as head of strategy and business development

Masangane will also join the Company's Board of Directors. 

Robert Nicolella, Africa Energy's chief executive officer, said, "We are pleased to have Phindile join our leadership group. She brings a significant amount of experience in the energy sector to our team. She will be instrumental in assisting Africa Energy as we work to move Block 11B/12B to the development phase and bring our world class gas and condensate discoveries to market. Her vast experience in energy infrastructure development, policy and regulation, along with project finance expertise, will play a pivotal role in shaping the strategic direction of the Company."

Natural gas exploration

Africa Energy is especially looking to explore natural gas presence from Block 11B/12B, in alignment with expert prediction that the region hosts 20% of global LNG capacity. With such marked potential, the company can use Masangane's extensive experience to develop the energy infrastructure of the region. 

Masangane has more than 15 years of executive management experience in the energy sector. She has previously served as the chief executive officer of the Petroleum Agency of South Africa, where she engaged with different stakeholders including government and non-governmental organisations advocating for the sustainable development of South Africa's indigenous oil and gas resources in support of energy security and economic development.

Masangane has been a partner of KPMG LLP and most recently part of the leadership team at Sasol South Africa (Pty) Ltd. She has a PhD in Chemistry from Imperial College, an MBA from University of the Witwatersrand and a Bachelor of Science (Chemistry & Mathematics) from University of Eswatini.