Artificial Intelligence (AI) to Bolster Oil Recovery as Africa Maximizes Production at Ageing Fields

Africa's mature oilfields are experiencing a renaissance and artificial intelligence (AI) is at the heart of this transformation. In an era defined by innovation and sustainability, enhanced oil recovery (EOR) technologies - powered by AI - are breathing new life into declining reservoirs. From predictive analytics to machine learning algorithms, AI is not just a tool; it is a catalyst for maximizing output, extending field life and improving operational efficiency. At the forefront of this conversation is the upcoming African Energy Week (AEW): Invest in African Energies 2025 – taking place September 29 to October 3 in Cape Town. During the event, energy leaders will converge to explore the role of digital transformation in advancing EOR across Africa.
From Data to Big Barrels
In 2025, the global market for AI in the oil and gas industry is estimated at $3.54 billion, set to rise to $6.4 billion by 2030. This is largely due to a rise in AI adoption by major operators. Examples include Baker Hughes and Repsol pooling resources to bring AI processes and workflows into oil and gas projects. Repsol has several developments underway in Libya, Algeria and Morocco and strives to bolster production across these markets. SLB inaugurated its Africa Performance Center in Luanda in 2025, which will support oil operations by offering access to digital solutions such as AI. SLB has supported several billion-dollar oil projects in Angola, with investments in almost every other region in Africa.
The power of AI in EOR comes down to predictive modeling. Traditional EOR relies heavily on limited data, with simplified reservoir models often impacting results. However, through AI, companies are able to analyze large datasets to deliver more accurate predictions of oil recovery. Another key benefit of AI in EOR is reservoir management. By analyzing geological and production data, companies can better-understand reservoir features, therefore supporting recovery techniques. Machine-learning also offers significant opportunities for EOR, specifically through its ability to recognize patterns, handle datasets and make accurate predictions. The application of machine-learning also enables reservoir performance forecasting, supporting decision-making by allowing companies to predict future production.
Policy Creates In-Roads for AI Deployment
As Africa advances toward digital transformation, policy reform has become a vital enabler of AI adoption across the oil industry. By integrating digital solutions and targets into regulatory frameworks, countries can support investments in AI and machine learning while accelerating research and development. Various countries are streamlining policy to support EOR at legacy assets. Angola, for example, implemented its Incremental Production Initiative in 2024 which offers tax incentives to encourage reinvestments in mature oilfields. Energy major ExxonMobil made the first discovery – the Likembe-01 well - as part of the initiative in 2024, demonstrating the role policy plays in unlocking incremental resources. The African Union Commission also declared AI as a strategic priority for the continent in May 2025, citing the role machine-learning plays in transforming the continent's development trajectory. The declaration is expected to create in-roads for technology companies, introducing new opportunities for oil operators to maximize recovery and efficiency.
AEW 2025: Where Innovation Meets Investment
AEW: Invest in African Energies 2025 – the continent's premier event for the energy sector – will host dedicated sessions on digital transformation, EOR and AI in exploration. A series of panel discussions and technical workshops will explore the new chapter of AI-driven oil production in Africa. AEW: Invest in African Energies 2025 will be the space where policy, capital and technology converge to define this next chapter.
'Africa's oil and gas assets hold immense value and AI is the key to unlocking resources efficiently and sustainably. In addition to support exploration efforts, AI will breathe new life into Africa's ageing oilfields, extending field life, maximizing value and driving smarter, low-carbon production,' states NJ Ayuk, Executive Chairman, African Energy Chamber.
Distributed by APO Group on behalf of African Energy Chamber.
About AEW: Invest in African Energies
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Zawya

5 hours ago

• Zawya

Egypt assumes vice presidency of the International Gas Union, paving the way for 2028 presidency

Mohamed Fouad: The Egyptian Gas & Energy Association has launched an advisory council comprising senior leaders from both public and private sectors and international partners. Karim Shaaban: We aim to enhance internal integration among the IGU's committees to ensure its initiatives align with member states' priorities. Cairo — For the first time ever, Egypt has officially assumed the position of Vice President of the International Gas Union (IGU) through the Egyptian Gas & Energy Association. This step paves the way for Egypt's upcoming presidency of the next triennium (2028-2031). This role reflects increasing international confidence in Egypt's capabilities to effectively contribute to shaping the future of global energy, marking it as the first country from Africa and the Middle East to hold this prestigious position. Eng. Khaled AbuBakr, Chairman of the Egyptian Gas & Energy Association (EGEA), has taken up the role of IGU Vice President. In this capacity, he participates in all meetings and activities of the IGU and the Executive Committee. He also represents the IGU in the ongoing gas debates, such as the G7, G20, and UN Climate Change Conferences, in addition to the major international conferences, to advance its strategic vision and enhance its global influence. Eng. Mohamed Fouad, Secretary General of EGEA, serves as the Egyptian Presidency Team Director for the IGU, in addition to his role as Chair of the National Organization Committee for the 2031 World Gas Conference (WGC), which is to be held in Egypt. Meanwhile, Eng. Karim Shaaban, Head of the Strategy and Planning Committee of EGEA, holds the position of Vice Chair of the Coordination Committee and a member of the Executive Committee of the IGU. His responsibilities include overseeing the work of the IGU's committees and contributing to the preparation and submission of the Triennial Work Programme (TWP) to the Executive Committee. In this context, Eng. Khaled AbuBakr, Vice President of the IGU and Chairman of EGEA, stated: 'From Egypt and Africa, we embark to power the whole world with secure and clean energy. This leadership role represents a significant step through which we intend to enhance energy security by developing gas policies and infrastructure, improving the Gas industry's resilience to price volatility, providing necessary investments, and accelerating the transition towards more sustainable energy sources. We are fully committed to coordinating with the Italian Presidency of the IGU to ensure the Union's objectives are achieved during this phase.' Abubakr added: 'Through this position, we aim to transform the Egyptian experience into an international model to be emulated. This role enables Egypt to strengthen international cooperation and attract investment, supporting its pursuit of sustainable development and solidifying its role as a regional energy hub. We deeply appreciate the Egyptian government's support in securing this nomination.' Eng. Mohamed Fouad, Secretary General of the Egyptian Gas & Energy Association (EGEA), also outlined the Association's expanded strategy, which extends beyond natural gas to include low-carbon technologies and renewable energy. This expansion stems from the EGEA's strong belief in the importance of a balanced and inclusive energy transition. Fouad added, "The Association has launched its new Advisory Board, comprising a distinguished group of senior leaders from both the public and private sectors, as well as international partners operating in Egypt's energy and gas sector. The private sector will provide deep insights into market trends and investment opportunities, while the public sector will ensure initiatives align with regulatory policies." For his part, Eng. Karim Shaaban, Vice Chair of the Coordination Committee and member of the Executive Committee of the IGU, and Head of the Strategy and Planning Committee of EGEA, stated: "Through this committee, we aim to enhance internal integration among the IGU's committees and working groups, ensuring its initiatives align with member states' priorities. We also contribute to preparing the program for the 2028 World Gas Conference and collaborate with the leadership of the R&D and Innovation Committee to formulate sessions for the International Gas Research Conference (IGRC). These efforts contribute to elevating the Union's standing in the global gas industry." As a result of winning the presidency of the International Gas Union (IGU) for the 2028-2031 term, Egypt is set to host the 31st edition of the World Gas Conference (WGC) in 2031, marking the IGU's centenary anniversary. This event stands as the global gas and energy industry's most significant gathering, convening top experts and decision-makers to delve into the sector's primary challenges and opportunities. Hosting the WGC will underscore Egypt's leadership in energy transition and technological innovation, along with its initiatives to establish a regional green energy hub, ultimately bolstering its standing as a prime destination for investment and tourism.

Zawya

9 hours ago

• Zawya

CI Capital successfully concludes EGP 665.5mln securitized bond issuance for Aman Consumer Finance

Cairo: CI Capital ( the leading diversified financial services group, announced today the successful conclusion of the third securitized bond issuance on behalf of Aman Securitization, with the originator being Aman Consumer Finance. The issuance comes in 3 tranches: the first valued at EGP 307 Mn, with a tenor of 6 months, The second tranche, valued at EGP 222 Mn, with a tenor of 12 months. Both tranches received a Prime 1 rating from Middle East Ratings and Investor Services (MERIS). The third tranche, valued at EGP 136.5 Mn, with a tenor of 23 months, received a rating of A-. "This issuance, marking the Seventh issuance concluded by CI Capital for Aman Holding, a portfolio company of Raya Holding, reflects CI Capital's series of successes by executing numerous key transactions, further reinforcing our leading position as Egypt's leading advisory house. This issuance also affirms our ability to provide our clients with diverse and innovative investment solutions,' Commented Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital. 'CI Capital has effectively concluded seven securitized bond issuances for Aman since 2023, strongly indicating the solid partnership between the two companies. He expressed his aspiration to enhance strategic cooperation between the two companies further, considering Aman one of CI Capital's most significant partners,' Added Helal. In the same context, Eng. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at AMAN Holding, added: 'The success of this issuance reflects the strong confidence that investors place in AMAN Holding and in the Egyptian market overall. Since the launch of our securitization program, we have successfully completed issuances totaling nearly EGP 9.7 billion to date, which stands as a testament to our commitment to sustainable growth and to contributing to the development of Egypt's non-banking financial sector. We are proud to collaborate with all stakeholders involved in AMAN Securitization's various issuances, and we remain committed throughout 2025 to implementing our strategy of diversifying funding sources and enhancing financial transparency—supporting market stability and aligning with the aspirations of the national economy.' Mohamed Abbas, Head of DCM at CI Capital, expressed his pleasure for the successful conclusion of the issuance in partnership with Aman, noting that Aman is one of CI Capital's key success partners. He also emphasized his pride in the enduring relationships with Aman, having executed issuances with innovative structures and solutions. Finally, Abbas highlighted the substantial investor interest in the issuance, reflecting strong market confidence in both CI Capital and Aman's portfolio performance. CI Capital acted as financial adviser, issuance manager, and arranger in the issuance, while Zaki Hashem & Partners acted as the legal advisor, and United for Auditing, Tax, Advisory & Financial Services (UHY) acted as the issuance's financial auditor. About CI Capital Holding for Financial Investments CI Capital Holding for Financial Investments (Ticker: CICH EY, is a diversified financial services group and Egypt's leading provider of leasing, microfinance, mortgage finance, consumer finance, and investment banking products and services. Through its headquarters in Cairo, and presence in New York and Dubai, CI Capital Holding for Financial Investments offers a wide range of financial solutions, to a diversified client base that includes global and regional institutions and family offices, large corporates, SMEs, and high-net-worth and individual investors. CI Capital Holding for Financial Investments leverages its full-fledged investment banking platform to provide market-leading capital raising and M&A advisory, asset management, securities brokerage, custody, and research. Through its subsidiary, Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. Additionally, CI Capital Holding for Financial Investments offers microfinance lending through Egypt's first licensed MFI, Reefy. The Group has over 4,000 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets, and a deep understanding of local market dynamics. Banque Misr, one of Egypt and Africa's most renowned financial banks, is the majority shareholder of CI Capital Holding. For more information, please contact CI's Investor Relations Department Email:

Zawya

a day ago

• Zawya

IntelliDent AI and Manipal Academy of Higher Education sign strategic MoU to transform healthcare through AI

IntelliDent AI, a Dubai-based healthtech innovator transforming dentistry through artificial intelligence, has signed a Memorandum of Understanding (MoU) with the Manipal Academy of Higher Education (MAHE), India—an Institution of Eminence and global academic leader. This strategic three-year partnership aims to accelerate advancements in AI-powered oral healthcare through collaborative research, education, and entrepreneurship. The MoU, executed on behalf of MAHE's Manipal College of Dental Sciences (MCODS), Mangalore, lays the foundation for academic-industry cooperation focused on developing future-ready dental AI solutions and equipping students with the technical and entrepreneurial skills to lead the next era of digital healthcare. Key Pillars of the Collaboration: Joint Research Programs: MAHE and IntelliDent will co-develop research initiatives in AI-driven diagnostics, public health, and healthcare innovation—contributing to academic publications, patents, and whitepapers. Training & Internships: MAHE students will gain hands-on exposure through internships and mentorships at IntelliDent, supported by industry insights, guest lectures, and workshops. Entrepreneurial Development: The collaboration will foster cohort-based learning modules, innovation hackathons, and startup support to accelerate the commercialization of student-led healthtech ideas. Knowledge Exchange: Faculty, researchers, and industry experts will engage in reciprocal learning and cross-training to fuel innovation, skill-building, and strategic growth. Affaan Shaikh, Founder & CEO of IntelliDent AI, shared his thoughts on the collaboration: 'This partnership is about reimagining healthcare through ethical AI and innovation. We are thrilled to work alongside one of India's top institutions to shape the next generation of AI health leaders.' The MoU was signed by Dr. Giridhar P. Kini, Registrar of MAHE, and Mr. Affaan Shaikh, with active engagement from academic and innovation stakeholders from both organizations. This collaboration underscores IntelliDent AI's mission to scale accessible, AI-powered dental care globally and MAHE's continued commitment to integrating technology, research, and impact-driven education in the healthcare ecosystem. Together, MAHE and IntelliDent AI are building a bold future where education, innovation, and oral health equity intersect.