Jean-Michel Jacoulot, CEO of Trident Energy, will address attendees at the Invest in African Energy (IAE) 2024 forum in Paris next week, marking a significant moment for the leading independent energy company as it continues to expand its portfolio of operated mature assets across Africa. Trident Energy’s focus on operating and redeveloping mid-life oil and gas assets is pivotal in driving new exploration and maximizing oil production across the continent.
Trident Energy recently launched its second drilling program in Equatorial Guinea, performing drilling operations for three deepwater wells in the Ceiba & Okume fields in Block G. This initiative follows the company’s successful first drilling program, which demonstrated Trident’s capability to enhance production and explore new opportunities in mature fields.
“Trident Energy is proof that Africa’s mature assets can be redeveloped to maximize production and aid in the continent’s energy addition. The company is committed to investing in Africa’s upstream capabilities, translating its technical expertise in the Gulf of Guinea to the Republic of Congo’s deep offshore. We commend Trident on its latest acquisitions and look forward to discussions around exploiting Africa’s deep offshore and fast-tracking development of frontier prospects at the upcoming forum.”
Sandra Jeque, Event & Project Director at Energy Capital & Power, IAE 2024 organizers
Following the completion of these operations, Trident Energy will embark on drilling the Akeng Deep infrastructure-led well in Block S, in partnership with Kosmos Energy. This well targets 180 million barrels of prospective oil resources, showcasing Trident’s strategic approach to infrastructure-led exploration and redevelopment.
Trident Energy’s recent strategic acquisitions underscore its commitment to expanding its presence in Africa’s leading offshore markets. Last month, the company entered the Republic of Congo after acquiring Chevron’s working interests in the Moho-Bilondo, Nkossa, Nsoko II, and Lianzi fields.
Additionally, Trident secured further working interests in the Nkossa and Nsoko II fields from TotalEnergies, assuming operatorship of these fields along with the Lianzi field. These acquisitions represent Trident’s strategic focus on Africa’s deep offshore and its commitment to acquiring and operating high-quality assets across the continent.
IAE 2024: A Platform for Collaboration
The Invest in African Energy (IAE) 2024 forum, taking place May 14-15, 2024, in Paris, serves as a premier platform for fostering collaboration between European investors and African energy markets.
The event is designed to facilitate intensive engagement among industry experts, project developers, investors, and policymakers, offering delegates a unique opportunity to explore investment opportunities and discuss the future of energy in Africa.
The panel will also feature Bráulio de Brito, Chairman of the Board of the Association of Service Providers of the Angolan Oil & Gas Industry (AECIPA); Ian Cloke, COO of Afentra; Marica Calebrese, General Manager of Eni Mozambique; and David Pappoe Jr., CEO of Energas West Africa Limited. Justin Cochrane, Director of African Regional Research for S&P Global Commodity Insights, will moderate the discussion.
IAE 2024 is an exclusive gathering designed to foster investment between African energy markets and global investors. The event promises two days of intensive engagement with industry experts, project developers, investors, and policymakers, offering delegates unparalleled access to the latest developments and investment opportunities in Africa’s energy sector.
Trident Energy’s participation in the IAE 2024 forum and its recent strategic moves in Africa highlight the company’s ambitious growth strategy and its role in shaping the future of energy in Africa.
By focusing on the redevelopment of mature assets and exploring new opportunities through infrastructure-led exploration, Trident Energy is not only enhancing its operational efficiency but also contributing significantly to the continent’s energy sector. The company’s strategic acquisitions in key African markets further solidify its position as a leading player in the region, poised to drive innovation and growth in the years ahead.
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