Catalyzing Investment in Nigerian Energy: Platform Petroleum Limited Joins African Energy Week (AEW) 2023 as a Silver Sponsor
Platform Petroleum Limited will participate as a silver sponsor at African Energy Week 2023, driving discussions on the role Nigerian-based E&P companies play in driving the next wave of energy developments in the country
JOHANNESBURG, South Africa, September 4, 2023/ -- The devleopment of the country’s 37 billion barrels of proven crude oil reserves and 200 trillion cubic feet of natural gas will position Nigeria as both a regional petroleum hub and major global exporter, creating a wealth of opportunities for economic growth on the back of hydrocarbon revenue. Leading the charge to monetize domestic oil and gas resources are Nigerian-based E&P companies such as Platform Petroleum Limited, a company which remains dedicated to driving investment and development across Nigeria’s oil and gas sector.
Platform Petroleum Limited has joined the African Energy Week (AEW) 2023 conference and exhibition, scheduled for October 16–20 in Cape Town, as a silver sponsor. This strategic sponsorship underscores Platform Petroleum Limited's steadfast commitment to expanding Nigeria’s energy sector. As a wholly Nigerian-owned company, Platform Petroleum Limited stands as a shining example of dedication, aiming to play a pivotal role in reshaping the continent's energy landscape and providing sustainable solutions to fuel Africa's growth.
Platform Petroleum Limited's remarkable journey in Nigeria's energy landscape has yielded triumphs, with the Egbaoma Field as a shining example. Covering 136 square kilometers within OML 38 in the Northern Depo-belt of the Niger Delta Basin, this field has been a significant milestone for the company. Secured in 2003/2004, the field development activities commenced in 2005 in joint venture partnership with Newcross Petroleum, and by 2007, first oil was achieved. Since then, Platform Petroleum Limited has continuously improved and optimized operations, with over nine workover operations, three wells drilled, and two side tracks executed to date. Additionally, the company achieved remarkable milestones in 2018. The year concluded with a cumulative production of over one million barrels and significant revenue growth compared to the previous year.
In the gas sector, the Platform/Newcross Joint Venture executed additional commitments, increasing lean gas supply to 45 million standard cubic feet per day with various third-party off-takers. A pivotal moment in the field's development was the upgrade of the Flow Station in 2013/2014 to include XHP Production and Test Separators, allowing for the optimization of gas condensate Wells and handling 40MMscfd gas production. The company’s commitment to gas commercialization aligns with the Federal Government's zero-flare policy. This journey reflects Platform Petroleum Limited's unwavering dedication to sustainable growth, operational excellence, and a brighter energy future for Nigeria and beyond. The company’s projects in progress include a drilling campaign targeting a minimum of 5,000 barrels of oil per day and the NGC gas monetization, aiming for first commercial lean gas by Q3/Q4. Flowstation upgrade projects for enhanced process and product recovery also take center stage, shaping the company's medium to long-term future.
Meanwhile, Platform Petroleum Limited is dedicated to promoting and adhering to a robust Local Content Policy that exemplifies its commitment to the communities and regions in which it operates. With a strong emphasis on local participation, the company has achieved impressive levels of engagement in various sectors, including engineering services, fabrication and construction, well drilling services, materials and procurement, and subsurface petroleum engineering and seismic. Additional services include transportation supply disposal services, health safety and environment, information systems and information technology, logistics services, and general banking services. These efforts reflect Platform Petroleum Limited's determination to empower local talent, stimulating economic growth and enhancing sustainability within the areas in which the company conducts its operations.
“Platform Petroleum Limited's journey in Nigeria's energy landscape is a testament to the transformative power of commitment and innovation. They have not only achieved remarkable milestones but have also demonstrated a deep dedication to local participation. The company’s accomplishments in the Egbaoma Field, strides in gas commercialization, and unwavering commitment to local content are truly commendable. Platform Petroleum Limited is shaping a brighter energy future for Nigeria and the continent as a whole,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).
Platform Petroleum Limited joins a strong delegation from Nigeria comprising oil and gas Ministers, service companies and technology providers, and more. An Invest in Nigeria Energies session will further connect foreign companies and capital to Nigerian opportunities, with companies such as Platform Petroleum Limited set to drive the next wave of partnerships.
AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://AECWeek.com
Distributed by APO Group on behalf of African Energy Chamber.
Minister of State for Gas Hon. Ekperikpe Ekpo to Connect Investors to Nigeria’s Decade of Gas Opportunities at African Energy Week (AEW) 2023 (Source: African Energy Chambe.)
PRESS RELEASE
Minister of State for Gas Hon. Ekperikpe Ekpo To Connect Investors to Nigeria’s Decade of Gas Opportunities at African Energy Week (AEW) 2023
Nigeria’s Decade of Gas initiative promising lucrative opportunities for foreign investors, and during the African Energy Week conference this October, the country’s Minister of State for Gas Hon. Ekperikpe Ekpo will introduce potential players to the country’s opportunities
JOHANNESBURG, South Africa, September 2, 2023/ -- Likely to represent a 600 trillion cubic feet (tcf) gas market, Nigeria’s investment opportunities in this field are unparalleled, offering foreign financiers and project developers the chance to make high returns while driving the sustainable growth of Nigeria’s energy industry. Under frameworks such as the Petroleum Industry Act (PIA) and the Decade of Gas initiative, Nigeria has established itself as a highly attractive investment opportunity.
During the African Energy Week (AEW) 2023 conference and exhibition – taking place at the Cape Town International Convention Center from October 16-20 -, the country’s Minister of State for Gas Hon. Ekperikpe Ekpo will provide insight into the numerous investment opportunities emerging across Nigeria’s gas market. From upstream exploration to downstream processing to distribution and power generation, Hon. Ekpo joins AEW 2023 with the aim of connecting foreign capital with Nigerian gas projects. Hon. Ekpo joins Nigeria’s Minister of State for Oil Sen. Heineken Lokpobiri at the event this October, and will lead sessions such as Invest in Nigeria Energies.
Nigeria’s strategic position in close proximity to high demand regional markets, largely untapped gas resources and recent regulatory reform agenda have further enhanced its attractiveness as an investment destination. Under the Decade of Gas initiative – an ambitious government program launched in 2021 that aims to advance gas development and utilization by 2030 – the country is paving the way for a series of large-scale project developments. Additionally, in 2022, the government identified 20 critical gas projects under the PIA, all of which require foreign investment to get off the ground.
Nigeria already represents a major gas player in Africa. In the short term, the African Energy Chamber’s (AEC) Q2, 2023 Outlook, the State of African Energy, shows that the country, alongside Algeria and Egypt, is expected to drive the majority of natural gas supply in Africa (80%). Output is largely driven by the Nigeria Liquefied Natural Gas (LNG) project, which has been operating for 20 years. The project is being expanded with the addition of a seventh train, poised to increase national output from 22 million to 30 million tons per annum by 2027. The project showcases the potential for billion-dollar gas endeavors in Nigeria. However, supply concerns further underscore the need to invest in gas-related exploration.
While Nigeria’s proven natural gas reserves are currently measured at 200 tcf, ongoing exploration efforts are bound to increase this figure to 600 tcf. Upstream projects currently underway include the Okpokunou/Tuomo West Cluster Development; Hi Field; HA field; the Gbaran Nodal Compression project and many more. These developments barely scratch the surface of Nigeria’s upstream gas prospects, however. Downstream, the Decade of Gas initiative places specific focus on gas-related infrastructure, and is poised to unlock new opportunities for regional energy security and sustainable growth. Kicking off with the 614km Ajaokuta-Kaduna-Kano gas pipeline – connecting southern gas fields with central Nigeria – the initiative calls for the development of LNG and Liquefied Petroleum Gas facilities, incentivizing the commercialization of gas flares, the development of gas-based industrial bases and investment into power generation projects. This, in turn, has opened up significant opportunities for foreign investors and project developers. AEW 2023 will connect potential players with the country’s gas opportunities.
“Stepping into the role as Minister of State for Gas in Nigeria, Hon. Ekpo is poised to play an instrumental part in accelerating the pace at which investment is made in the country. His commitment to engaging with regional and foreign players will yield tangible results for the country while his dedication to leveraging policy and public-private partnerships will usher in a new era of project developments in Nigeria’s gas market. Nigeria is well positioned to become the global gas hub of the future, and with the drive of leaders such as Hon. Ekpo, the country is on track to achieve this objective,” states NJ Ayuk, Executive Chairman of the AEC.
During AEW 2023, Hon. Ekpo will engage in and lead various panel discussions and investor forums under efforts to attract new investment to the Nigerian gas market. As the biggest gathering of energy stakeholders on the continent, AEW 2023 plays an integral part in connecting capital with African projects, and with Hon. Ekpo’s participation, Nigeria is set to witness a wave of industry-advancing deals signed.
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.
Distributed by APO Group on behalf of African Energy Chamber.
Women Should Not Be Considered Because We Fill a Quota, But that We Are Capable and Deliver, Says Mwanyengwa Ndapewoshali Shapwanale
Mwanyengwa Ndapewoshali Shapwanale is the Director: Communications and Stakeholders Relations at ReconEnergy in Namibia
JOHANNESBURG, South Africa, August 31, 2023/ -- Following five major oil and gas discoveries made between 2022 and 2023, Namibia’s upstream market has seen a strong wave of interest by global E&P players. Companies such as ReconAfrica, a Canadian-based explorer, have amplified their exploration efforts. The company’s Director of Communication and Stakeholder Relations Mwanyengwa Ndapewoshali Shapwanale plays an integral part in driving both ReconAfrica and Namibia’s energy narrative, serving as an inspiration for those in the field. Shapwanale is featured on the African Energy Chamber’s (AEC) (http://www.EnergyChamber.org) list of 25 Under 40 Energy Women Rising Stars.
Please share a brief overview of your journey in the energy industry that led to your current role? What are some key achievements or milestones that you are particularly proud of?
My journey in the energy sector started in April 2021 when I was approached to provide multimedia consulting, specifically social media services to my current employer ReconAfrica. I immediately realized I could provide much more to the company and engaged the company representative at the time to propose my additional skills and how I could assist the company. This included media relations, corporate communication, government relations, community relations, and brand crisis management. Fast forward a few months, I was appointed as the Director of Communication and Stakeholder Relations. A major part of my role is ensuring and maintaining social license.
I am particularly proud of the work our team has done in community relations. While maintaining a social license is an ongoing and continuous exercise, I am pleased with the work we have put in as a team, and I will continue to work towards progressing this responsibility.
Another proud achievement must be our work towards providing safe and secure access to potable water to the communities in our area of operations through the drilling, installing, and handing over of community water wells in our three years of operation. Apart from the communities, especially women and children, having to walk long distances to fetch water, this is an area where human-wildlife conflict is rampant because of the communities’ dependency on the Kavango River for water. Being able to provide an alternative water source, I believe, contributes to saving lives and meeting the government halfway in their aims to alleviate and even totally eradicate the human-wildlife conflict.
Further, the Namibian nation is quite new to the oil and gas industry, as the past few years have been the most visible action we have seen in the country. For the nation and the average Joe on the street to understand, welcome, and meaningfully participate in oil and gas activities, there must be efforts to educate and inform about the industry and the energy sector at large. As part of my communication role, we have done training with the media so that they can report from an educated, understanding, and informed position.
We have also collaborated with the University of Science and Technology to host bi-monthly public lectures on oil and gas activities in the country. These sessions have been extremely successful, with an audience of over 600 in person and a maximum of 900+ online. The audience included students, professionals from all fraternities, diplomats, academics, and government officials. The speakers included the Minister of Mines and Energy in Namibia, the Petroleum Commissioner, lawmakers, geologists, and educators, to name a few. Lastly, I am pleased to have teamed up with exceptional fellow women in the industry to establish the first ever Women in Oil, Gas, and Energy Association in Namibia, a body aimed at achieving the advancement of women in the energy sector.
Energy poverty is an African reality, and Namibia is not singled out from this reality. Further to that, my area of operation is one of the most socially challenged in our country, and I have started and will continue to use my role to innovatively tackle these challenges to ensure that my country and our continent as a whole benefit from its resources.
The energy industry is known for its complexities. What were some significant challenges you faced along the way, and how did you navigate through them to achieve your goals?
It definitely has to be the onslaught that accompanies the frowning upon of oil and gas exploration and development of this resource by African countries and the public's perception of oil and gas exploration and development. I was very lucky to, very early in my career, listen to the AEC chairperson speak on the just transition as well as really grasp the concept of African solutions for African challenges. This helped me focus on the matter at hand, which is to ensure that I carry out my role without listening to the unwarranted attacks.
Adopting the just transition and African solutions for African challenges has also helped me stay focused on the bigger responsibility, which is to ensure meaningful, impactful, and tangible contributions to eradicating energy poverty in Namibia and the continent, meaningful participation in the sector, and meaningful benefit from the energy sector.
What advice would you give to young females aspiring to excel in the energy sector? Are there any specific strategies or mindsets that helped you overcome obstacles and reach your current position?
Humility, listening to those who have been in the sector, put in the work, collaboration and willingness to learn learn learn!
I was very privileged to have been welcomed into the sector with open arms by so many, including the leadership in our oil and gas sector in the country. I specifically want to highlight the women including Maggy Shino, Victoria Sibeya, MME Dep Minister Kornelia Shilunga, and Taimi Itembu, to name a few. Leadership in my company is the true definition of meaningfully giving a young black woman a seat at the table and supporting her in the role.
It is important to note that it is not enough to be given a seat at the table; the work has to continue to maintain that seat at the table. To be considered at the table should not be to satisfy a quota but because one is capable of excelling, achieving, and delivering.
A career in energy can be demanding. Could you describe a typical day in your life?
Demanding indeed! I am typically up by 05:30 and start my day with reflection, praise, worship, or prayer—not every day as I would like to. Because our team works in different time zones, I use my mornings to attend to emails that may have come through in the night. Having planned my to-do list the night before, I start executing my items for the day.
My role involves a lot of writing; therefore, I am constantly writing or preparing messages. Our meetings normally take place in the late afternoon or early evening. I work well at night and therefore choose to action some of the deliverables right after our meetings, in the evening.
With stakeholder relations, I am also constantly working on monitoring our relations and finding ways to maintain or improve them. One must be innovative. A lot of moving pieces, all the time. The last two hours of my work day are dedicated to upskilling. I try as much as possible to take short courses to assist me in carrying out my role.
Looking ahead, what changes or advancements do you hope to see in the energy sector, and how do you envision your role in shaping that future?
Meaningful participation in the energy sector, advancement of women in the energy sector, community understanding, being informed and educated about the energy sector, meaningfully benefiting from the sector, and overall. I truly believe that local content and meaningful participation in the energy sector needs to start with an understanding and education of the sector. An example is understanding that there are certain skills and capital capabilities we do not have and how we are going to work with operators to achieve our goals in combating energy poverty and social challenges throughout the energy sector. I believe that I can use my role as a vehicle to educate the Namibian nation on the energy sector for the purpose of meaningful participation.
Additionally, being on the ground and understanding the social challenges means using my role as a vehicle to be innovative in tackling these challenges and ensuring meaningful impact. As a female executive in the energy sector, it is my duty to show other women that it is possible to be in the energy sector meaningfully. At the same time, I have the very important duty to show and prove that women in the sector are capable, deliver, and have the skills to contribute to the sector. Moreover, women should not, are not, and don’t just want to be considered because we are women and that we can fill a quota, but that we have capacity, put in the work, have the skills, are capable, and deliver.
Distributed by APO Group on behalf of African Energy Chamber.
African Energy Chamber Urges Gabon To Protect Oil & Gas Assets Amid Political Coup
The African Energy Chamber is calling for the security and safety of energy operations and personnel, citing disruptions to the industry as an attack on economic progress
JOHANNESBURG, South Africa, August 31, 2023/ -- The African Energy Chamber (AEC) (www.EnergyChamber.org) urges political and military players in Gabon not to interfere with the country’s oil and gas assets and operations, as tensions rise following the country’s most recent national election. Serving as the voice of the African energy sector, the AEC acknowledges the crucial importance these assets play in creating market stability, driving economic growth while improving the lives of the population. The announcement of a coup by military officers this week has created uncertainty regarding oil and gas operations, and the AEC strongly calls for a collective approach to protecting assets.
Gabon held its most recent national election this week, whereby, following the announcement that President Ali Bongo had won a third term, a group of high-level military officers seized control, citing lack of transparency, credibility and inclusivity in the election process. The military group believes the country to be in a state of political, economic and social crisis, and have seized power in an attempt to “defend peace.” In this current state of conflict, the country’s oil and gas assets – all of which contribute significantly towards Gabon’s economy, providing jobs and opportunities for the population – are at risk.
Currently, active oil and gas companies in Gabon have stated that their operations have not been impacted, and that the safety and security of workers is of uttermost priority. These include TotalEnergies, who is prioritizing the safety of employees and operations; Tullow and Perenco, both of which are closely monitoring the situation; Maurel & Prom, stating that all employees are safe; BW Energy, stating that all offshore operations have continued as normal, and many more. However, as tensions mount, concerns are rising that oil and gas activities could be halted.
“At a time such as this, there needs to be assurance from all sides that Gabon’s oil and gas activities will not be impacted. The country needs its hydrocarbons to function, grow and thrive. Any disruptions to oil and gas activities will result in significant challenges for the country, its citizens and its development. As such, the Chamber strongly calls for a collective approach to protecting these assets and ensuring stability and security across this industry,” states NJ Ayuk, Executive Chairman of the AEC.
Gabon’s energy industry is multifaceted, with developments taking place across ever segment of the value chain. Representing a pillar of the country’s economy, oil and gas is responsible for generating income, creating employment and advancing the livelihoods of the population. The country holds two billion barrels of proven oil reserves and 1.2 trillion cubic feet of natural gas, and major projects in the country include the Hibiscus/Ruche development; the Cap Lopez oil terminal and Liquefied Natural Gas facility; the Etame Conventional Oilfield and many more. Protecting these assets should be a top priority, and the Chamber strongly advocates for security regarding Gabonese oil and gas operations.
Distributed by APO Group on behalf of African Energy Chamber.
Afrobeats’ Star Ruger to Perform at African Energy Week's (AEW) Just Energy Transition Concert with a Call to Make Energy Poverty History
It is with immense excitement that the African Energy Chamber reveals Ruger as one of the esteemed performers for the forthcoming Just Energy Transition Concert
JOHANNESBURG, South Africa, August 17, 2023/ -- In anticipation of Africa's premier energy event, African Energy Week (AEW) 2023, the African Energy Chamber (AEC) (www.EnergyChamber.org) is thrilled to introduce Ruger as a headline artist for the Just Energy Transition Concert on October 16, 2023, at Cape Town's Cabo Beach Club. This exciting concert blends music and the energy sector, uniting individuals from diverse fields to celebrate progress towards a sustainable world.
Ruger, known for hit tracks like "Bounce," skyrocketed to fame with chart-topping success. His unique Afro-dancehall style combines Afrobeats and dancehall elements, shaping his distinct musical identity. Ruger's songs, including "Dior," have garnered millions of views and streams, showcasing his talent for crafting resonant hits.
As Ruger takes centre stage, his presence signifies more than just a captivating performance. His influence aligns perfectly with the AEC’s vision to encourage and engage youth participation at AEW. By having Ruger at the event, the AEC aims to inspire meaningful discussions about Africa's energy landscape, fostering empowerment and ownership among the youth.
“We are excited to feature Ruger at the Just Energy Transition Concert. This significant event aligns with AEW23's focus on prioritizing energy poverty, well-being, sustainability, industrialization, and championing free markets. Ruger's performance will undoubtedly bring his artistic brilliance to the atmosphere, inspiring young individuals to actively engage in the ongoing dialogue about a just energy transition in Africa. We invite all to join us in celebrating this remarkable fusion of music and energy discourse” states Oneyka Cindy Ojogbo, African Energy Chamber advisory board member.
As participants eagerly anticipate AEW 2023, they can look forward to the vibrant energy and electrifying performance Ruger, and other artists, are set to bring to the stage, creating an unforgettable experience that that resonates with the event's mission of driving sustainable energy solutions and positive change. This concert provides an exclusive platform, inviting energy stakeholders and music enthusiasts to converge and engage in energy-related discussions. By intertwining music and the energy sector, the Just Energy Transition Concert carves a unique niche as an innovative venture.
AEW is the AEC’s annual conference, exhibition and networking event uniting African energy policymakers and stakeholders with global investors to discuss the opportunities across the continent’s energy industry. For more information about AEW 2023, visit www.AECWeek.com
Distributed by APO Group on behalf of African Energy Chamber.
Unprecedented Int'l Meeting Releases Preliminary Vision for our Energy Future
WATERLOO, Ontario, June 9, 2011/PRNewswire/ --
- Global Energy Summit in Waterloo, Canada Offers Ideas for Action on Sustainable Low-Carbon Electricity
A unique, international summit of scientists, engineers, entrepreneurs and future leaders from around the world has concluded with the release of the Equinox Summit: Energy 2030 Communiqué. The event's preliminary report includes visionary proposals for transformative action to reduce the electricity-related emissions that drive global warming.
The full Equinox Communiqué is now available at: http://wgsi.org/files/EquinoxCommunique_June9_2011.pdf
The Communiqué identifies a group of technological approaches and implementation steps that have the potential over the coming decades to accelerate the transition of our energy systems toward electrification and, in the longer term, toward an energy future where our dependence on fossil fuels is greatly reduced.
"Given the right support, the six priority actions we have identified can catalyze change on a global scale, from the cities of the developed world, to the billions of people who live in towns and villages that lack adequate access to electricity to provide the central link to improvements in the quality of life," said summit advisor Professor Jatin Nathwani, Executive Director of the Waterloo Institute for Sustainable Energy at the University of Waterloo and Ontario Research Chair in Public Policy for Sustainable Energy.
Can we low-carbon power the planet in 20 years?
Equinox Summit: Energy 2030 participants came together to intensely explore, discuss and propose how science and technology can catalyze the urgent change required.
With representatives from countries including Canada, Brazil, China, Costa Rica, Indonesia, Nigeria, the USA, and more, the Equinox Summit embodied the realities, challenges, and hopes of the enormously diverse global community - from those living in the world's 21 mega-cities of more than 10-million inhabitants, to the one-third of humanity who survive without electricity.
An electricity roadmap for nations
The Equinox Communiqué is a brief snapshot of the ideas and visions developed by the Summit participants, who aimed to address the great complexity of transitioning to low-carbon electricity production. It provides a series of immediate, concrete opportunities for action by industry and governments, both locally and internationally. These ideas will be explored in more detail in a future document, the Equinox Blueprint: Energy 2030.
The pathways described in the Communiqué include: accelerating implementation of technologies to enable the integration of large-scale renewable sources of power, such as wind and solar, into existing electricity grids; new ways to develop low-carbon transportation; ways to build energy-smart cities; and means of providing sustainable electricity to those who currently live without it.
The Equinox Communiqué compliments a comprehensive online video resource of archived lectures and discussions by world-leading thinkers on achieving a low-carbon, sustainable electricity future.
That resource includes:
- Summit participants expanding on their closed-door discussions in public forums (http://wgsi.org/video)
- The Summit's infographic-style benchmark clips ( http://www.youtube.com/user/wgsisummit)
- A photo-diary of the week's accomplishments ( http://www.flickr.com/photos/wgsisummit/)
What's next
The ideas outlined in this Communiqué will form the basis of a detailed document that will be produced in coming months - the Equinox Blueprint: Energy 2030.
Equinox Blueprint: Energy 2030 will paint a picture of the challenges faced by society in energy, detail forecasts from various global and national agencies for the likely state of affairs in 2030, and list the Equinox Summit's recommendations and proposals to address these.
Equinox Blueprint: Energy 2030 will be aimed at informing, advising and inspiring science and technology influencers, industry leaders and governments globally. It will focus on how science and technology can contribute to the challenges faced. It will offer practical, real-world solutions - based on the latest scientific thinking - and offer recommendations for investment and focus, and for the coordination of national and international scientific and engineering efforts which may, over the next 20 years, help address energy challenges in a meaningful way.
Cover online
- Watch the archived Equinox Summit: Energy 2030's video content, including the Summit's concluding session at http://wgsi.org/video.
About the Equinox Summit: Energy 2030
The Equinox Summit: Energy 2030 was the inaugural event of the Waterloo Global Science Initiative (WGSI), a non-profit partnership, founded in October 2009, between Perimeter Institute for Theoretical Physics (http://perimeterinstitute.ca/) and the University of Waterloo. (http://www.uwaterloo.ca/) WGSI's mandate is to catalyze longterm thinking and solutions to the world's most fundamental social, environmental and economic challenges using science and technology. WGSI provides a rare opportunity for great minds to come together, share new ideas and collectively work towards a better future. For more information, visit http://wgsi.org.
TVO is the presenting media partner for the Equinox Summit: Energy 2030. For more information TVO, visit http://www.tvo.org.
For further information:
Media Contacts
Equinox Summit: Energy 2030 Media Centre (open until 9:00 PM ET, June 9, 2011) +1(519)569-7600 x7506
RJ Taylor WGSI Communications Liaison +1(519)569-7600 x5371 newsroom@wgsi.org
Source: Perimeter Institute for Theoretical Physics
Shell and Cosan: fuelling a lower-carbon future with biofuels
The Hague and São Paulo, June 2, 2011 /PRNewswire/ — Shell and Cosan today launched a multi-billion dollar joint venture that will become a leading producer of the low-carbon biofuel, ethanol made from sugar cane. Named Raízen, this major retail and commercial fuels company will operate in Brazil, one of the world's fastest-growing markets.
In one of the biggest biofuels deals to date, Shell is combining its extensive retail experience, global network and research in advanced biofuels with Cosan's technical knowledge of producing biofuels on a large scale. Raízen will produce and sell over 2 billion litres a year of the lowest-carbon biofuel commercially available - ethanol made from Brazilian sugar cane.
Shell is already one of the largest distributors of sustainable biofuels: now it is moving for the first time into production. The deal with Cosan is a major development in Shell's strategy of investing for selective growth in its fuels business.
Raízen will distribute biofuels and over 20 billion litres of other industrial and transport fuels annually through a combined network of nearly 4,500 Shell-branded service stations. In Brazil it becomes the third largest fuels company. Plans would extend the company's reach in future years to export more ethanol to other key markets.
Low-carbon biofuels will be the most practical and commercially realistic way to take carbon dioxide (CO2) out of transport fuel in the coming years and will be a vital part of the future energy mix.
The joint venture also combines Shell's expertise and technology partnerships in advanced biofuels with Cosan's experience in the commercial production of low-carbon biofuels. This has the potential to accelerate the commercial production of biofuels from crop waste and inedible plants.
Raízen's 24 mills can process up to 62 million tonnes of cane into sugar or ethanol each year, with the flexibility to adapt to market demand.
"We are building a leading position in the most efficient ethanol-producing country in the world,” says Peter Voser, Shell Chief Executive Officer. "Low-carbon, sustainable biofuels will be increasingly important in the global transport fuel mix."
"This is a turning point in the search for alternative energy sources," says Rubens Ometto Silveira Mello, Cosan's Chairman of the Board. "Raízen is one of Brazil's largest companies and is ready to offer international markets a clean, renewable and economically viable solution." Meeting demand
New energy policies in Europe and the USA are calling for more renewable, lower-carbon fuels for transport. Biofuels make up around 4% of transport fuel in Europe, and 3% in the USA. Globally biofuels currently meet around 3% of road-transport fuel demand. Shell expects this to rise to about 9% by 2030.
Brazil leads the world in the use of biofuels for transport. They are likely to make up more than 40% of the country's transport fuel mix by 2030, double today's proportion. Raízen's current annual production capacity will be enough to meet nearly 9% of Brazil's current ethanol demand.
At the pump Brazilian motorists are offered the choice of pure ethanol or a blend of petrol (gasoline) and ethanol. Around 90% of the country's new cars can run on either fuel type.
"The Raízen business model, which combines Shell and Cosan assets and has direct access to consumers, is a breakthrough in the biofuels sector,” says Marcos Marinho Lutz, Cosan Chief Executive Officer.
The sugar-cane-to-ethanol process used by Raízen is the most efficient in turning biomass into fuel. Brazilian sugar cane yields 7,000 litres of ethanol per hectare of cane compared to, for example, 3,800 litres for a hectare of corn in the USA and 2,500 litres for a hectare of wheat in Europe, according to Unica, the Brazilian sugar-cane industry association.
"Sugar cane is the most efficient plant we know in converting sunlight into energy," says Professor Edgar de Beauclair, of the Crop Production Department São Paulo State University. Better biofuels
Turning sugar cane into ethanol offers a number of environmental benefits over other biofuel production processes. As it grows, sugar cane generally absorbs CO2 at a greater rate than other biofuel crops such as soy.
Ethanol made from Brazilian sugar cane produces around 70% less CO2 than petrol, when the cultivation and production processes are taken into account. Since 2003 the use of ethanol in Brazil has avoided over 103 million tonnes of the CO2 that the petrol it has replaced would have produced, according to Unica.
By-products from turning sugar cane into ethanol are recycled as organic fertiliser. Plant waste, called bagasse, is burned to produce power for the processing mills and surplus energy is supplied to the national grid.
To further improve productivity, Raízen will use its own advanced geographical information system to monitor its land. This allows its scientists to make accurate predictions about crop yields and adjust fertiliser or pest control, for example, to help boost production.
"Brazilian sugar-cane ethanol is one of the most sustainable and lowest-CO2 biofuels available," says Mark Gainsborough, Shell Executive Vice-President Alternative Energies. "We expect the development of advanced biofuels to benefit from Cosan's feedstock and its expertise in large-scale biofuels production. This has the potential to accelerate the future commercial viability of cellulosic ethanol."
The deal includes part of Shell's interest in the firm Iogen, which uses enzymes to break down plant waste into ethanol, as well as Shell's interest in Codexis, developers of "super-enzymes" for the faster conversion of plant waste into transport fuels. Sustainable production
Raízen will work to improve the sustainability of its operations. Sugar cane for ethanol requires little water to be added because Brazil's tropical rainfall provides natural irrigation. In the industrial process Raízen has been introducing a system that recycles up to 90% of water used.
Raízen supports the development of varieties of sugar cane to suit regional climate and resist disease. To protect cane from pests, it breeds and releases natural predators, further reducing the use of chemical pesticides.
As a member of Bonsucro, formerly the Better Sugarcane Initiative, Raízen has joined with other producers, non-governmental organisations and other experts to establish an EU-approved certificate for sustainable sugar-cane production. This covers areas such as human rights and the impact of activities on biodiversity.
Raízen is working towards achieving certification for all ethanol produced by its own operations over the coming years. It also plans to have certified all ethanol produced from suppliers' cane.
Current sugar-cane production in Brazil takes up 8.1 million hectares, around 0.9% of the country's land. Government legislation forbids industries from entering sensitive areas such as rainforests or land needed for other food crops, and from displacing food crops into other sensitive areas. National laws also recognise the rights of indigenous communities and their claims to land ownership. The main sugar-growing areas are hundreds of kilometres from the Amazon rainforest.
Raízen is well advanced in phasing in mechanised harvesting, ahead of requirements due to come into force in the main Brazilian sugar-cane growing state of São Paulo in 2014. It already uses machines on around 64% of its suitable land (with a slope of less than 12%). CO2 emissions can be reduced because it avoids the need to burn the hard straw, a necessary step in manual cutting.
For more information, interview requests or photography, please contact:
Shell Media Relations David Williams +31 70 377 3600
Shell Investor Relations Europe - Gustavo Bursztyn: + 31 70 377 3996 United States - Ken Lawrence: +1 713 241 2069 www.shell.com Cosan Media Relations Daniela Christovão +55 11 3897 9797 www.cosan.com.br
Cautionary Note
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this press release, associates and jointly controlled entities are also referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect (for example, through our 24% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This press release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''intend'', ''may'', ''plan'', ''objectives'', ''outlook'', ''probably'', ''project'', ''will'', ''seek'', ''target'', ''risks'', ''goals'', ''should'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory measures as a result of climate changes; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended 31 December, 2010 (available at www.shell.com/investor and www.sec.gov - opens in new window). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, 2 June 2011. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. There can be no assurance that dividend payments will match or exceed those set out in this press release in the future, or that they will be made at all.
The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as resources and oil in place, that SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov - opens in new window. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
Shell Decides to Move Forward With Groundbreaking Floating LNG Shell Announces Final Investment Decision on Prelude Floating LNG Project in Australia
The Hague, May 20 /PRNewswire/ — The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world's first FLNG facility. Moored far out to sea, some 200 kilometres from the nearest land in Australia, the FLNG facility will produce gas from offshore fields, and liquefy it onboard by cooling.
The decision means that Shell is now ready to start detailed design and construction of what will be the world's largest floating offshore facility, in a ship yard in South Korea.
From bow to stern, Shell's FLNG facility will be 488 metres long, and will be the largest floating offshore facility in the world - longer than four soccer fields laid end to end. When fully equipped and with its storage tanks full, it will weigh around 600,000 tonnes - roughly six times as much as the largest aircraft carrier. Some 260,000 tonnes of that weight will consist of steel, around five times more than was used to build the Sydney Harbour Bridge.
"Our innovative FLNG technology will allow us to develop offshore gas fields that otherwise would be too costly to develop," said Malcolm Brinded, Shell's Executive Director, Upstream International. "Our decision to go ahead with this project is a true breakthrough for the LNG industry, giving it a significant boost to help meet the world's growing demand for the cleanest-burning fossil fuel."
Brinded continued "FLNG technology is an exciting innovation, complementary to onshore LNG, which can help accelerate the development of gas resources".
The facility has been designed to withstand the severest cyclones - those of Category 5. Ocean-going LNG carriers will offload liquefied gas, chilled to minus162 Celsius and shrunk in volume by 600 times, and other products, directly from the facility out at sea for delivery to markets worldwide. Until now, the liquefaction of offshore gas has always involved piping the gas to a land-based plant.
Shell has progressed the Prelude FLNG project at a rapid pace, with first production of LNG expected some ten years after the gas was discovered.
The FLNG facility will tap around 3 trillion cubic feet equivalent of resources contained in the Prelude gas field. Shell discovered the Prelude gas field in 2007.
Some 110,000 barrels of oil equivalent per day of expected production from Prelude should underpin at least 5.3 million tonnes per annum (mtpa) of liquids, comprising 3.6 mtpa of LNG, 1.3 mtpa of condensate and 0.4 mtpa of liquefied petroleum gas. The FLNG facility will stay permanently moored at the Prelude gas field for 25 years, and in later development phases should produce from other fields in the area where Shell has an interest.
Ann Pickard, Country Chair of Shell in Australia said "this will be a game changer for the energy industry. We will be deploying this revolutionary technology first in Australian waters, where it will add another dimension to Australia's already vibrant gas industry."
Brinded added "beyond this, our ambition is to develop more FLNG projects globally. Our design can accommodate a range of gas fields, and our strategic partnership with Technip and Samsung should enable us to apply it progressively faster for future projects. We see opportunities around the world to work on other FLNG projects with governments, energy companies and customers."
Shell's decision to make FLNG a reality culminates more than a decade of research and development. It builds on the company's extensive know-how in offshore production, gas liquefaction, LNG shipping, and delivering major projects that integrate the gas value chain-from wellhead to burner.
The Prelude FLNG project will be the first Australian upstream project in which Shell is the operator. Australia is one of Shell's key growth provinces, and Shell's upstream investment in Australia should reach some $30 billion over the next five years, including the Prelude and Gorgon projects, and on-going exploration and feasibility studies in the country.
Prelude FLNG is part of Shell's industry-leading portfolio of medium term growth options, where the company has around 30 new upstream projects under study world-wide, to support long term profitable growth. Notes to Editors
Shell is a global, integrated energy company with operations in more than 90 countries and territories, with businesses including: oil and gas exploration and production; refineries and chemical plants; processing and marketing of liquefied natural gas (LNG) and gas-to-liquid (GTL) products; marketing and shipping of oil products and chemicals; and renewable energy sources, such as biofuels.
Gas resources are found all over the world in remote offshore accumulations. In Australian waters alone there is an estimated 140 trillion cubic feet of such "stranded" gas, according to a 2008 report by the Commonwealth Scientific and Industrial Research Organisation (http://www.solve.csiro.au/0608/article5.htm). Shell FLNG technology will make it feasible to develop such resources, since it reduces both the cost and environmental footprint of their development. Having the gas-processing and gas-liquefaction facility located at the site of an offshore field removes the need for: gas-compression platforms; long subsea pipelines to shore; near-shore works, such as dredging and jetty construction; and onshore construction, including roads, storage yards and accommodation facilities. Another plus is that FLNG can accelerate LNG developments. This is because an FLNG vessel can be ordered at an earlier stage of appraisal of a new gas field, with less guarantee of production longevity than needed to underpin an onshore greenfield investment; if and when the gas resources in the first field are exhausted, the FLNG can be redeployed to another field.
Shell is the operator and 100% equity holder of the WA-371-P permit in the Browse Basin, where the Prelude field is located. The field is approximately 475 kilometres north-northeast of Broome, Western Australia, and over 200 kilometres from the nearest point on the mainland. Shell plans to have initially seven subsea wells at the Prelude field. From these wells, gas will travel through flexible pipes to the FLNG facility.
Shell has been doing business in Australia for 110 years, including participation in major LNG projects such as the North West Shelf and Gorgon. For more information, interview requests or photography, please contact:
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this press release, associates and jointly controlled entities are also referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect (for example, through our 24% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This press release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''intend'', ''may'', ''plan'', ''objectives'', ''outlook'', ''probably'', ''project'', ''will'', ''seek'', ''target'', ''risks'', ''goals'', ''should'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2010 (available at www.shell.com/investor and www.sec.gov ). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, 20 May, 2011. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.
We may have used certain terms in this press release, such as resources, that the United States Securities and Exchange Commission (SEC) guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
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