African Energy Week kicks off in Cape Town
The forum will run until October 21
The African Energy Week forum opened on Tuesday in Cape Town, South Africa.
The forum will run until October 21 and more than 1,000 government officials from African nations, along with oil and gas industry professionals, businessmen, analysts and public figures will attend the event. A series of major offshore oil and gas projects will be presented during African Energy Week.
The cooperative effort between the authorities of Equatorial Guinea and Russian specialists is an example of mutually beneficial cooperation between the two countries, a member of Equatorial Guinea’s delegation said at the forum.
“Russian specialists from Rosgeo [company] visited Equatorial Guinea and completed exploration in the Rio Muni region, where there may be huge oil and natural gas reserves,” the source said. “Cooperation with Russia is of historical significance for Equatorial Guinea, since its fundamentals were established in the 1970s. It was Soviet specialists who laid the foundation of Equatorial Guinea’s exploration industry.
These ties have been restored and are vigorously developing over the past two years,” he added.
The country, which is also an OPEC member, is initiating development of new blocks on the Zafiro offshore oilfield in the Gulf of Guinea, the source noted. The oilfield reserves are estimated at 1.2 bln barrels.
