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Technip Energies has confirmed a delegation of unprecedented scale will attend this year’s iteration of MSGBC Oil, Gas & Power 2022.
The company, which made $76 million adjusted net profit in Q1, have over 60 years’ experience in the sector spanning 34 countries. They are responsible for recent upgrades to Senegal’s SAR petroleum refinery, increasing the refinery capacity from 1.2 million to 1.5 metric tons per annum, covering 75% of the nation’s demand. They also hold the engineering, procurement and construction, installation and commissioning contract for the floating production storage and offloading unit (FPSO) included in $4.6 billion Greater Tortue Ahmeyim megadevelopment.
Opened by H.E. Macky Sall, Senegalese President and African Union Chairperson, the theme for the MSGBC Oil, Gas & Power Conference and Exhibition 2022 will be “The Future of Natural Gas: Growth Using Strategic Investment and Policymaking,” held at the world-class CICAD venue in Dakar on 1 to 2 September. And already Technip Energies have shown strong national commitments to the ongoing gas rush, affirming positive public private partnerships with the signing of an MoU last month.
This memorandum made between the French services major and Senegal’s government gas backer COS Petrogaz ( Comité d’Orientation Stratégique du Pétrole et du Gaz) sets out a suite of knowledge transfer initiatives to be undertaken by Technip Energies incountry surrounding water, oil and gas treatment process engineering, onshore platform function and maintenance, gas field management and energy transition principles and technologies.
The MoU also commits Technip Energies to conducting national studies towards Senegal’s gas development strategy, pushing for universal access to affordable, reliable electricity across Senegal by 2025.
Leading Technip Energies’ delegation to the MSGBC event, COO Marco Villa has almost 20 years’ experience in the company’s senior leadership. His expertise spans transport, security and finance – all key subjects addressed in the conference’s dialogues around regional energy futures. Villa is joined by Franck Pliya, Technip Energies’ Senegal Country Director and Vice President of Business Development for West and Central Africa. Pliya returns as a speaker from last year’s standout pilot event, expected to present on capacity building for local content.
Expecting 2.5 million tons of liquefied natural gas next year, producing a 13.7% GDP growth, Senegal is not only a regional energy and economic leader but a golden standard for the sector’s local content and thus the chosen venue of this year’s MSGBC Oil, Gas & Power Conference. With its latest legislative reforms coming into force in February last year, the country’s revised Petroleum Code requires all firms to submit annual content plans justifying any international subcontracts, and to open a local subsidiary chapter of operations.
Senegal’s newly formed National Committee for Monitoring Local Content accompanies this legislative rigor in enforcing the three-regime system reserving certain work types exclusively for Senegalese firms, targeting an ambitious 50% local content ratio by 2030.
Thus the Technip Energies / Cos-Petrogaz MoU and Technip Energies conference delegation represent a landmark private commitment to achieving the nation’s public policy, aiding communities. As it stands, Senegal’s energy prices are almost twice those of close power sector rival the Ivory Coast, but the 15 trillion cubic feet of natural gas tapped by the Greater Tortue Ahmeyim (GTA) development, the national cost of power is expected to halve.
H.E Macky Sall has spoken often and ardently in favor of Senegal’s gas works like GTA, and this support will carry through into the MSGBC Oil, Gas & Power Conference in September, events from its organizer, Energy Capital & Power seeing $2.5 billion in investment deals signed last year, alongside the $9 billion worth scheduled in Senegal to come online next year.
Joining Technip Energies and high-level delegates in CICAD will be investment delegations from the United States, Australia, Europe, Asia and the Middle East as the G7 Summit and COP27 approach, with European markets hungry for freshly-labelled green gas energy from Africa.
For more information about the MSGBC Oil, Gas & Power conference, contact Sandra Jeque at firstname.lastname@example.org.
Energy Capital & Power is Africa’s foremost investment platform, newsroom and conference facilitator, achieving 5000 attendees and $2.5 billion worth of deals signed at events last year. Its reach spans 54 countries, with daily coverage of energy bulletins from active African markets distributed to 100,000 readers. It was founded in 2015.