By Uche Cecil Izuora
As the countdown towards the large oil and gas industry gathering in South Africa sustains, Jagir Baxi, Chairman and Managing Director of ExxonMobil Nigeria; and Mathios Rigas, Group CEO of Energean, have been listed to provide insights into Africa’s energy growth.
Also, the African Energy Week (AEW) 2025: Invest in African Energies is set to feature a distinguished lineup of upstream leaders, including Eric Delattre, Managing Director and Country Chair of TotalEnergies E&P Congo.
ExxonMobil is reaffirming its long-term commitment to Nigeria’s oil and gas sector with a planned $1.5 billion investment in deepwater exploration and development.
The focus is on revitalizing production in the Usan deepwater oil field, with a final investment decision expected in late Q3 2025, contingent upon approvals. This initiative, in collaboration with partners TotalEnergies, Chevron and China National Offshore Oil Corporation, reflects ExxonMobil’s strategic focus on enhancing production capacity in one of Africa’s most prolific oil regions.
Energean, a UK-listed independent E&P company, is expanding its footprint in Africa by targeting deepwater gas projects, particularly in West Africa.
Building on its success in the Mediterranean, Energean aims to replicate its gas achievements in Africa’s deep waters, focusing on large undeveloped deepwater gas fields.
The company’s strategic focus includes developing and producing natural gas from these fields, contributing to the continent’s energy security and industrial development.
“Africa’s upstream oil and gas sector is booming, attracting major investments that are unlocking new production and exploration opportunities. TotalEnergies, ExxonMobil and Energean are companies that are leading the charge, demonstrating that Africa is no longer just a frontier but a central player in the global energy market,” NJ Ayuk, Executive Chairman of the African Energy Chamber, said
As Africa’s upstream sector experiences rapid growth and strategic transformation, these executives will share insights into their companies’ investments and operations across the continent, underscoring Africa’s pivotal role in the global energy landscape.
In the Republic of Congo, TotalEnergies is ramping up operations with a $500 million investment to boost production at its Moho Nord field – the largest oil venture ever undertaken in th – country, showcasing the company’s deep offshore expertise. In addition, TotalEnergies is progressing the Moho Permit project with a third well drilling campaign and accelerating development at the deepwater Marine XX permit, further reinforcing its long-term commitment to advancing the region’s energy sector.
AEW 2025: Invest in African Energies will provide a platform for these industry leaders to engage with policymakers, investors and stakeholders, fostering dialogue on the future of Africa’s upstream sector. Their contributions are expected to catalyze discussions on enhancing investment, innovation and collaboration in Africa’s oil and gas industry.
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy
