The 2019 edition of the Africa Oil & Power (AOP) Conference is set to highlight the role of the continent’s energy sector in job creation and economic growth. The event, which is described as the official conference of South Africa’s Department of Energy, will this year showcase the energy industry as a lucrative investment option for Africa’s private sector.
In a statement issued this week, AOP announced its 2019 theme ‘Make Energy Work’. The Conference bridges traditional and alternative energy, fossil fuels and renewables, and petroleum and power to foster intra-African investment.
As the sole platform taking an integrated approach to oil, gas and power and economic growth, AOP drives tough conversations as Africa sees massive advancements in its power sector and moves to develop historic oil and gas discoveries. Under the ‘Make Energy Work’ theme, AOP 2019 will show how oil, gas and power can generate greater opportunities for the people of African nations and stimulate sustainable economic growth.
In 2018, Africa’s oil and gas sector saw a 10% increase oil production, predominantly from Nigeria, Algeria, Egypt and Equatorial Guinea. The same year saw oil and gas licensing rounds launched in 16 countries.
The AOP event now comes at a time when the electrification rate in Africa is 43%. Despite important advances made in rural areas, this highlights the opportunity that still remains to build and finance energy infrastructure to bring power to 600 million people.
AOP’s organizers therefore believe that renewable energy holds great promise, particularly in South Africa. In eight years, the program has created 38,701 full time jobs and contributed over $14 billion in private sector investment in South Africa, according to Minister for Energy, Jeff Radebe.
“Since our inception, Africa Oil & Power has been a platform for building alliances and facilitating the deals that drive African energy sectors and economies forward,” said Guillaume Doane, CEO of Africa Oil & Power.
“The opportunity provided by oil, gas and power, in all their forms, is critical to discussions on how to grow African economies, to maximize in-country value and equip populations for evolving job markets. Energy is at the center of any conversation on African economic growth and transformation,” Doane added.
At this year’s 2019 conference and exhibition, Africa Oil & Power will welcome 1,200 delegates over three days, with more than 20 ministers and dignitaries to speak on the main stage. At the event, an expanded exhibition hall will host pavilions dedicated to South Africa’s energy sector, technology and digitization, renewable power, oil and gas services, and more.
The event will return to Cape Town and will take place between October 9 and October 11.