The event, which will take place on January 30, is part of a working visit by the African Energy Chamber to Brazil.
The African Energy Chamber (AEC) is scheduled to host the “Invest in African Energies” Reception on 30 January 2025 at the iconic Copacabana Palace in Rio de Janeiro. The event will run from 6:30pm to 10pm and will be an exclusive networking opportunity. This reception is part of the AEC’s week-long working visit to Brazil, which will take place from 28 to 31 January.
The Reception will highlight Brazil-Africa energy investment opportunities, highlighting the essential contributions of state-owned Petrobras , leading IOCs and Brazil’s independent oil and gas producers to advancing intercontinental collaboration. Petrobras is actively pursuing opportunities in South Africa, Namibia and Angola, including a planned acquisition of a 40% stake in the Mopane oil and gas exploration block in Namibia. With advanced deepwater expertise developed in Brazil’s Campos and Santos Basins, Petrobras is well-positioned to drive transformative progress in Africa’s offshore developments, including strategic projects in the Orange Basin.
Adding to Petrobras’ leadership are Brazil’s independent producers, whose rise has been fueled by Petrobras’ divestment program. Companies such as PRIO, 3R Petroleum, Enauta and PetroReconcave have demonstrated expertise in revitalizing mature fields, optimizing production systems and employing advanced extraction technologies. Their capabilities in upstream operations, from field rejuvenation to long-term asset management, offer valuable insights and solutions for Africa’s onshore and offshore energy developments. Together, these companies exemplify how Brazil’s energy sector can provide the technical skills and investment strategies needed to unlock Africa’s energy potential.
Brazil’s energy landscape is also shaped by IOCs, including ExxonMobil, bp, Shell and TotalEnergies , each with established portfolios in Brazil’s pre-salt basins. TotalEnergies is in discussions with Petrobras to collaborate on projects outside Brazil, targeting regions such as Namibia, Angola and Suriname. TotalEnergies’ global growth strategy, which sets a target of $50 to $60 per barrel for approving new oil projects, highlights opportunities to connect Brazil’s offshore expertise with developing resources in Africa. Notably, TotalEnergies and Petrobras are already collaborating on Brazil’s rapidly expanding Mero project in the pre-salt region, setting a precedent for successful partnerships. As Petrobras signals readiness to explore opportunities in the Atlantic Basin, joint initiatives with IOCs could catalyze transformative projects in Africa’s upstream sector.
As a precursor to African Energy Week (AEW): Invest in African Energies 2025, the Rio de Janeiro Reception will host the next edition of this landmark event, scheduled to take place from 29 September to 3 October in Cape Town. AEW: Invest in African Energies is Africa’s leading energy event, bringing together people and companies from the energy sector, project developers and policymakers, with the aim of attracting more investors to the continent, generating new sources of finance and creating important partnerships.
As Brazil prepares for this year’s COP, it is seizing the opportunity to foster collaboration between Brazilian authorities and African stakeholders, with a focus on fostering a just transition to a sustainable energy future by leveraging Brazil’s thriving energy industry. Companies such as Namibia Energy Corporation and Brazilian service providers are already collaborating to develop new fields, showing the potential for impactful partnerships. Efforts are also underway to engage additional companies and identify key Brazilian players who can drive meaningful change in advancing energy solutions for Brazil and Africa.
“The Invest in African Energies Host in the vibrant city of Rio de Janeiro provides a valuable platform to strengthen Brazil-Africa ties, leveraging Petrobras’ renewed focus on Africa to drive mutual growth. It also paves the way for high-level discussions and agreement signings in Cape Town and Paris, where Africa’s most attractive investment opportunities will be showcased to key energy players and the global investment community,” said NJ Ayuk, Executive Chairman of AEC.
Taking place on January 30, 2025, the “Invest in African Energies” Networking Reception will be held at the Copacabana Palace in Rio de Janeiro. Register now at https://energychamber.org/africa-energies-cocktail/