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Monday, November 04, 2019

Technology: Oil & Gas book eyes the future - ITREALMS

Talking about energy at a time of widespread anxiety between fossil fuels and climate change, but NJ Ayuk, the experienced oil and gas dealmaker who heads the Pan-African legal conglomerate Centurion Law Group (CenturionLG.com) and serves as executive chairman of the African Energy Chamber (EnergyChamber.org) has never been one to shy away from difficult conversations. Instead, he embraces opportunities to approach thorny questions head-on, with a spirit of optimism about the future.

This straightforward, upbeat approach is a hallmark of Ayuk’s newly released book, Billions at Play: The Future of African Energy and Doing Deals. That is particularly evident in Chapter 18, “Lights Out: Reforming African Power Generation Monopolies and Transitioning to the Future.”

In this chapter, Ayuk offers a lucid explanation of how to tie it all together. He shows how oil and gas operators can help Africa reconcile its urgent need for reliable electricity supplies and exciting prospects for oil and gas development with efforts to promote renewable energy and reduce emissions

Chapter 18 of Billions at Play describes:

· How the unbundling of power generation and transmission will remove obstacles to growth in Africa.

· How “technological leapfrogging” can propel Africa’s energy sector forward.

· How African governments can encourage practical and responsible investment.

· How oil and gas operators can forge a path towards expanding the use of renewable energy resources.

And much more.

Ayuk’s prescriptions have drawn the admiration of Dr. Thabo Kgogo, who has served as interim CEO of Group Five Limited, a large construction and infrastructure company; CEO of Efora Energy Limited (formerly SacOil), an independent oil and gas company in South Africa; and Vice President of Operations for South Africa's national oil company PetroSA:

“Ayuk believes that the majors need to begin thinking of themselves as energy companies, and acting accordingly. That means no longer simply extracting oil and natural gas, but harnessing Africa's ample wind and solar resources then turning it into energy for the Africans. I couldn't agree more with his position.”

Billions at Play has also been hailed by OPEC Secretary General Mohammad Sanusi Barkindo, who wrote its foreword:

“There is no stone left unturned in Mr. Ayuk’s analysis” Sanusi said.

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