Senegal is expected to host the first-ever Oil & Power Conference & Exhibition from May 27-28, 2020 in Dakar, capital of the West African country.
The Senegalese government has officially named Africa Oil & Power (AfricaOilAndPower.com) as the official organizer of the event.
According to a press statement copied to energynewsafrica.com, AOP will be supported by Government of Senegal, Cos-Petrogaz, Petrosen and Senelec.
The conference will herald a new era of investment in one of West Africa’s leading business destinations, on the back of world-class offshore oil and gas discoveries and several dynamic energy projects that have been put in motion.
The conference will be a vehicle to promote the new deepwater licensing round which was announced this week at the Africa Oil & Power Conference in Cape Town and for public-private partnerships spanning the value chain.
Senegal Oil & Power 2019 will also highlight the growing importance of technology in the energy industry. Thanks to its young population and governmental commitment to developing a high-level technological readiness, the growth of energy and technology are inextricably connected.
Chief Executive officer of Africa Oil & Power Guillaume Doane, stated: “Senegal has quickly cemented its position as one of Africa’s hottest energy markets on the back of big offshore discoveries, game-changing projects and one of the most competitive business climates in the region. Through the Senegal Oil & Power Conference, we are excited to sustain the momentum created by the country’s leadership to herald a new era of investment in Senegal’s energy industry.”
As part of the Emerging Senegal Plan launched by His Excellency President Macky Sall’s to make Senegal an emerging country by 2035, the energy sector has been established as a key pillar to drive economic growth and social inclusion.
Senegal Oil & Power 2019 will support the presidential vision by designing the event’s narrative around triggering the next local and international investment wave across the energy value chain.
“With several world-class oil and gas discoveries, Senegal has built an excellent reputation globally in the energy industry. Through a new licensing round and investment drive, we are eager to capitalize on Senegal’s strong track record to attract new operators and exploration,” sMamadou Faye, Managing Director of Petrosen said.
Senegal Oil & Power 2019 will be a great opportunity to showcase Senegal’s tremendous achievements to create a strong energy industry. In line with global demand increase for liquefied natural gas, the GTA project has triggered the implementation of a global gas-to-power framework aiming to fuel Senegal’s growing demand for energy as well as opportunities for exports. A lower price of electricity will indubitably boost the competitiveness of the local industry and provide greater opportunities for consumers.