Since 2019, Total Energies’ discoveries in the Outeniqua Basin has positioned South Africa as a new exploration frontier and redrew the cards of the country’s energy security scenario. Newly found reserves can support decarbonization and industrialization at home, while encouraging additional exploration in frontier basins to the West (Orange Basin) and to the East (South Outeniqua). Meanwhile, onshore exploration and development is picking up: South Africa became an LNG producer in 2022 and is witnessing growing exploration for shallow conventional and coal-bed methane (CBM) gas.
Tuesday 10 October 12:15 - 13:00 Stage A
Plenary
Since 2019, Total Energies’ discoveries in the Outeniqua Basin has positioned South Africa as a new exploration frontier and redrew the cards of the country’s energy security scenario. Newly found reserves can support decarbonization and industrialization at home, while encouraging additional exploration in frontier basins to the West (Orange Basin) and to the East (South Outeniqua). Meanwhile, onshore exploration and development is picking up: South Africa became an LNG producer in 2022 and is witnessing growing exploration for shallow conventional and coal-bed methane (CBM) gas.
For buyers wanting to invest in Africa, access to capital (both debt and equity) is proving more challenging whilst several of oil majors and national oil companies look to run disposal processes. As traditional commercial bank financiers continue to make global announcements about reducing their exposure to oil & gas globally, and given that most (if not all) acquisitions of big packages of African upstream assets will require debt across the line, is it available and where is it going to come from?
Thursday 12 October 09:15 - 10:00 Stage B
Finance and M&A Forum
For buyers wanting to invest in Africa, access to capital (both debt and equity) is proving more challenging whilst several of oil majors and national oil companies look to run disposal processes. As traditional commercial bank financiers continue to make global announcements about reducing their exposure to oil & gas globally, and given that most (if not all) acquisitions of big packages of African upstream assets will require debt across the line, is it available and where is it going to come from?