Upstream players in the African oil and gas sector have made significant progress but further improvement is required for the timely, on budget delivery of capital projects. The contracting cycle needs to be further reviewed and shortened, security improved, and newer models for collaboration across the industry explored and deployed profitably. Also, African energy companies need to relook their near total dependence on fossil fuels today and begin to plan for a cleaner, more energy-efficient environment.
How then can National, international and independent energy companies realize improved value from their capital investments and transition to a lower cost and better performing business model while securing its license to operate more creatively and collaboratively? How can they move from a dependence on fossil fuel and begin to diversify their energy mix and income sources by exploring opportunities in renewable and clean energy sources?