Posted on: December 3, 2020

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This week our Commercial Director Doug Rycroft featured in the Fasken report ‘Africa Rising’. The report discusses the challenges facing the Sub-Saharan African energy transition in the wake of the Covid-19 pandemic, where the region must find a way to meet its domestic electrification needs, while also coming to terms with its hydrocarbon resource.

The region is experiencing a particularly hard time when it comes to exploration, and in the newly published report Doug Rycroft shares his views on this matter.

“The pressure has been on the small cap space for a while and is now being seen in the mid-sized companies. The recent divestment by Kosmos of much of its exploration portfolio to Shell shows you where the market has gone for exploration. Super-majors have the resources to be able to fund exploration but the issue of replacing reserves is not high on their agendas.”

The themes and topics covered in the report represent a crucial concern to the entire energy sector, and the team at Gneiss Energy are working tirelessly to ensure our clients get access to the best advice in these uncertain times. If you would be interested to hear how Gneiss Energy can support your business, we would be delighted to hear from you.

Read the full report here.

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Doug is an expert in commercial negotiations and operations having held asset management and commercial roles across the upstream oil and gas industry. He has experience in both private and public companies across North America, Africa and South-East Asia. Doug most recently led the post-completion commercial integration of Salamander Energy into Ophir Energy and also managed their Myanmar, Malaysia and Thailand exploration portfolio. Furthermore, he ran the South-East Asian New Ventures team, which focused on expanding Ophir’s footprint both in the region and in their existing countries of operations. In 2012, Doug joined Ophir Energy, where he managed their flagship asset in Tanzania, at a time when the company drilled up the major resource base to support the onshore terrestrial LNG development. The culmination of his commercial efforts in Tanzania was the divestment of 50% of the remaining stake in the project for 1.3 billion USD to Pavilion Energy. Doug holds a Masters in Terrorism and International Relations from Aberystwyth University and an MA (Hons) in History and Politics from the University of Edinburgh.

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