The African Energy Chamber is pleased to announce that Trident Energy will participate at African Energy Week 2023 as a bronze sponsor, where the firm will showcase its growth ambitions across the African energy market.
London-based international oil and gas company Trident Energy has put in place an ambitious pan-African agenda, whereby the firm plans to leverage its expertise as a sustainable oil producer to accelerate developments across the continent’s energy value chain. The company is committed to ensuring oil and gas projects translate into tangible opportunities for local opportunities, and plans on taking this strategic approach continent-wide. During this year’s edition of the African Energy Week (AEW) conference and exhibition – taking place from 16 – 20 October in Cape Town – Trident Energy will drive this narrative, with the company joining the conference as a bronze sponsor.
Representing a major player working towards maximizing Equatorial Guinea’s untapped hydrocarbon resources, Trident Energy’s AEW 2023 participation as a bronze sponsor will be crucial for showcasing both the firm’s energy sustainability efforts and growth ambitions across Africa’s burgeoning energy sector. Currently, Trident Energy is spearheading Equatorial Guinea’s energy market expansion and sustainability agenda, boasting 11 producing assets with output measuring 50,000 barrels per day (2022). Trident Energy holds stakes in Block G (Ceiba and Okume) and Block S, W and EG-21, with the company’s key producing assets comprising the Ceiba field and Okume complex. It additionally operates a floating production storage and offloading vessel in the west African country.
Notwithstanding oilfield development, Trident Energy has added value across Equatorial Guinea’s economy by maximizing the re-development of mid-life oil and gas assets. The firm recently extended operating licenses for the Okume complex and Ceiba Field to 2040, serving as a testament to the company’s commitment to driving the African country’s energy renaissance. Trident Energy’s recent upgrade of the Okume field – which comprised the addition of a power generation facility, power loop, water treatment and water injection structures in 2022 – demonstrates the company’s commitment to both maintaining and scaling-up production.
Across all of its operations, Trident Energy places Environmental, Social and Governance (ESG) at the forefront, recognizing ESG to be the foundation for the future of the company and the continent. Trident Energy is championing ESG in Equatorial Guinea by investing $1.1 million a year to support local projects in health, education and infrastructure improvements. The company’s contribution to the National Institute for Technology has also been instrumental in up-skilling and re-skilling Equatorial Guinea’s energy workforce. Across Africa, Trident Energy plans on using its strategic approach of leveraging ESG to expand Equatorial Guinea’s energy market to grow other promising energy markets. With an increasing number of African countries seeking firms with the skills and technical expertise to optimize energy industry growth, Trident Energy represents an ideal partner, and AEW 2023 serves as the best platform for such partnerships to be forged and deals signed.
“Trident Energy, through its sustainability and assets maximization strategy, has solidified Equatorial Guinea’s position as a global energy hub. With the central African country seeking to enhance the development of stranded assets to drive long-term and sustainable economic growth as part of the Gas Mega Hub, the role of companies such as Trident continues to expand,” stated NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “Companies such as Trident Energy will play a major role across the entire African continent.”
Under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Markets’, AEW 2023 will host Trident Energy in high-level panel discussions, exclusive networking sessions and project profiles showcasing the company’s expansion strategy as well as investment and partnership opportunities.
AEW 2023 will also host an Invest in Equatorial Guinea Energies country spotlight – led by H.E. Antonio Oburu Ondo, Equatorial Guinea’s Minister of Mines and Hydrocarbons, and Teresa Isabel Nnang Avomo, Managing Director of the National Oil Company, GEPetrol. The spotlight will showcase Equatorial Guinea’s biggest energy projects, partnership and investment prospects as well as key players including Trident Energy, ExxonMobil, Chevron and EG LNG.
AEW is the AEC’s interactive exhibition and networking event uniting African energy stakeholders, driving industry growth and development, and promoting Africa as the destination for African-focused events. For more information about sponsorship, attendance, and partnership opportunities, visit www.aecweek.com
