NOG Energy Week 2026 Secures $4.5 Billion in Deals

The 25th Anniversary edition of NOG Energy Week 2026 closed with over $4.5 billion in signed deals, reinforcing its significance as a platform for partnerships in Africa's energy sector. Themed “Forging Africa’s Strategic Energy Growth Through Global Collaboration,” the event facilitated binding commitments across the energy value chain.

Gas and LNG represented 39% of the total deal value, followed by Upstream at 31%, Midstream at 16%, Engineering & Technology at 10%, and Downstream at 4%. Notably, NNPC Limited and Seplat Energy Joint Venture signed a 15-year Gas Sale and Purchase Agreement with UTM FLNG Limited to supply 200 million standard cubic feet of gas per day, aimed at Nigeria’s first floating LNG project, targeting a Final Investment Decision in Q4 2026.

Additionally, ExxonMobil's Esso Exploration and Production Nigeria, along with partners Chevron, TotalEnergies, and Nexen, committed $1 billion to the Usan Infill Project, expected to add 40,000 barrels per day to Nigeria’s output. Engr.

Bashir Bayo Ojulari, GCEO of NNPC Limited, emphasized the importance of these agreements for Nigeria's industrialization.