African Oil Producers Eye Fresh Investment Opportunities Ahead of WAES 2025 in Aberdeen
Aberdeen, Scotland Top oil-producing nations across Africa are setting their sights on new international investment deals as the Wider Africa Energy Summit (WAES) 2025 is set to commence on November 18–19, 2025, in Aberdeen, Scotland.
The two-day event aims to connect international operators and leading service providers with strategic oil and gas opportunities across Africa, fostering collaboration and boosting energy partnerships between continents.
Organized by OGV Group in partnership with the African Energy Chamber, the Society of Petroleum Engineers, the Energy Industries Council, and other key institutions, WAES 2025 is positioned as a vital platform for exploring Africa’s evolving energy landscape.
This year’s conference boasts an impressive lineup of African and international companies poised to strike new deals and expand their footprint in the region. Among the confirmed participants are global energy giants like Shell, BP, and Harbour Energy, alongside service providers such as NOV, Oceaneering, Expro, and MODEC.
Shell, a major player with extensive operations in Africa, continues to drive exploration success stories, including Namibia’s Graff discovery and upcoming drilling plans at PEL 39 in 2026. In Nigeria, the company recently reached a final investment decision for the HI gas project, unlocking an estimated 350 million cubic feet of gas per day in production. Shell has also re-entered Angola following a new deal signed for Block 33.
Meanwhile, BP is advancing Africa’s LNG agenda with major projects in Mauritania, Senegal, and Mozambique. The company commenced production at the Greater Tortue Ahmeyim (GTA) LNG project in 2025 and is now preparing for GTA Phase Two to scale output further. BP also started production at Egypt’s Reven Infills gas project earlier this year.
Harbour Energy, producing about 450,000 barrels per day, is also deepening its investments across North Africa with assets in Algeria, Libya, and Egypt. Canadian Natural Resources and Serica Energy are among other international players joining the conversation, reflecting continued global interest in Africa’s upstream and midstream prospects.
Beyond exploration and production, WAES 2025 will feature a strong representation of service providers supporting Africa’s energy infrastructure. Companies like NOV have been instrumental in promoting digitalization and operational efficiency while maintaining sustainable development goals across markets including Ghana, Nigeria, Cameroon, and Angola.
Oceaneering recently renewed its West Africa inspection services contract, reinforcing its long-term commitment to the continent. Similarly, Expro and MODEC are driving forward critical projects, offering innovative floating and offshore solutions across West Africa, including in Senegal, Ivory Coast, Ghana, and Nigeria.
With participation from a suite of UK supply chain firms, the Wider Africa Energy Summit 2025 promises to strengthen cross-continental collaboration, enhance market integration, and accelerate investment in Africa’s fast-growing energy sector.
By Naija Enquirer Staff
