Representing a high-potential block – the area overlaps the Orange Basin where three sizeable oil and gas discoveries were made in 2022/23 by TotalEnergies, Shell and Qatar Energy in the Namibian side – Block 5/6/7’s exploration rights lie with TotalEnergies alongside global major Shell and the Petroleum Oil and Gas Corporation of South Africa.
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Building on three successful editions, the fourth edition, taking place on 3-4 December in Senegal, will open further deal-signing opportunities for regional and foreign investors.
While some analysts propose that existing discoveries hold enough oil and gas to meet global demand for the foreseeable future, others argue that the remaining supply will not sustain us beyond the next quarter century.
Africa’s gas resources stand to play a central role in achieving regional and global energy security, while meeting climate targets.
