The Sub-Saharan Africa (SSA) region remains an excellent hub for future upstream growth with opportunities and a ready market for diversification into other allied areas such as refining, Liquefied Natural Gas (LNG) and power.
These among others were the views of Dr ABC Orjiako, Chairman, Seplat Energy Plc at the annual Sub-Saharan Africa Oil/Gas Conference held in Houston Texas, a statement from Seplat said.
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Orjiako, who delivered a keynote address, said the challenges of Sub-Saharan Africa (SSA) present a significant opportunity for those seeking returns.
The chairman of Seplat is of the firm belief that energy corporations must show responsibility in neutralising their respective emission footprints and sign up for climate change policies that will protect the environment, while SSA policymakers should embrace programmes that will strike the needed balance.
“The fastest-growing economies in the world lie in Africa/developing nations and considering Africa’s electricity/power deficit.”
The African Development Bank (AfDB) Group estimates that over 640 million Africans living in sub-Saharan Africa have no access to energy. This estimate means that the energy access rate for African countries is just under 40percent which is the lowest rate globally.
He said Seplat Energy Plc is on course with its strategic vision to “Provide cleaner Energy Solutions to drive sustainable growth”.
