{"id":5903,"date":"2017-05-03T16:32:24","date_gmt":"2017-05-03T16:32:24","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5903"},"modified":"2017-05-03T16:32:24","modified_gmt":"2017-05-03T16:32:24","slug":"nj-ayuks-big-barrels-leads-the-way-forward-to-africa-oil-and-gas-2-0","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/nj-ayuks-big-barrels-leads-the-way-forward-to-africa-oil-and-gas-2-0\/","title":{"rendered":"NJ Ayuk’s Big Barrels Leads the Way forward to Africa oil and gas 2.0"},"content":{"rendered":"

Author NJ Ayuk, founder and CEO of Centurion Law Group, is an authority on the energy business and enterprise in Africa today<\/em><\/p>\n

As an exemplary African entrepreneur, NJ Ayuk has intimately witnessed the transformative impact of the oil and gas industry on the continent, being an active player in building countries, shaping economies and its societies. The launch of, Big Barrels: African Oil and Gas and the Quest for Prosperity, co-written with Jo\u00e3o Marques, is long awaited; confronting the misinterpreted view that energy-rich countries undeniably suffer from and often victimized by the effects of the \u2018resource curse\u2019. The reality, the book argues, could not be further from it.<\/p>\n

Big Barrels reads in the introduction: \u201cThe evidence makes it clear that the responsible and sustainable development of these resources is not only possible, but may be the quickest and most effective route to peace and prosperity for many of these nations. The question of how this can be done is central to this book.\u201d Through nine chapters detailing case studies of what countries like Gabon, Ghana, Nigeria and Tanzania have done right, readers gain an alternative view of how developing petroleum resources positively impacts the continent.<\/p>\n

Big Barrels lends a silver lining on Africa’s petroleum sector and how their fates are inextricably linked. Mr. Ayuk and Mr. Marques emerge through this powerful depiction as a seminal voice for how Africa charters its course and manages its natural resources. Mr. Ayuk, the founder and CEO of the pan-African Centurion Law Group and an outspoken champion of African entrepreneurship and leadership, describes the need to change the narrative on energy in Africa. \u201cThe simple fact is oil and gas provide African countries with the fastest route to prosperity,\u201d he says, \u201cNatural resources are a pedestal for building nations, building economies and building wealth.\u201d<\/p>\n

He added: \u201cIn 2017, we are forging our own ways of winning in this complex industry. Africa is not just a source of raw materials for the world. This book demonstrates the Why and How true value of oil and gas in Africa is a source of innovation and wealth (job) creation.\u201d<\/p>\n

Among the nine examples in the book, Big Barrels describes the rapid development of Equatorial Guinea from one of the world\u2019s economic backwaters to a leading light in Central Africa; how Ghana turned to its active civic society to deal with its oil windfall only a few years ago; and how Tanzania is being shaped in response to global interest in its massive gas reserves.<\/p>\n

Big Barrels: African Oil and Gas and the Quest for Prosperity will officially launch at the Africa Oil & Power conference in Cape Town on June 5-7, 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author NJ Ayuk, founder and CEO of Centurion Law Group, is an authority on the energy business and enterprise in Africa today As an exemplary African entrepreneur, NJ Ayuk has … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":5904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[63,6106,6105,6107,429,955,6104,1827],"class_list":["post-5903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa","tag-africa-oil-power-conference","tag-big-barrels","tag-books","tag-centurion-law-group","tag-gas","tag-nj-ayuk","tag-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/image001.jpg?fit=323%2C239&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1xd","jetpack-related-posts":[{"id":6069,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-oil-gas-quest-prosperity-review-book-big-barrels\/","url_meta":{"origin":5903,"position":0},"title":"African Oil and Gas and the Quest for Prosperity – A review of the book “BIG BARRELS”","author":"","date":"June 15, 2017","format":false,"excerpt":"Book Review by Funke Michaels, Curator, ReadAFRICA.global BIG BARRELS has arrived very late. For many like myself, who struggled with the scarcity of positive Africa-specific case studies at business school; it\u2019s about time, too. By showcasing examples of countries where the \u2018Resource Curse\u2019 is being overcome, NJ Ayuk and Joio\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/Big-Barrels-cover-002.jpg?fit=540%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/Big-Barrels-cover-002.jpg?fit=540%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/Big-Barrels-cover-002.jpg?fit=540%2C768&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14698,"url":"https:\/\/www.oilnewskenya.com\/index.php\/petrobras-namibia-energy-corporation-nec-the-brazilian-institute-of-petroleum-ibp-and-african-energy-chamber-strengthen-africa-brazil-oil-and-gas-investments\/","url_meta":{"origin":5903,"position":1},"title":"Petrobras, Namibia Energy Corporation (NEC), the Brazilian Institute of Petroleum (IBP) and African Energy Chamber Strengthen Africa-Brazil Oil and Gas Investments","author":"","date":"February 5, 2025","format":false,"excerpt":"The African Energy Chamber (AEC) hosted an Invest in African Energies Investment Forum in Rio de Janeiro, Brazil, on 30 January 2025. Attended by key Brazilian energy stakeholders, including representatives from Petrobras, the Brazilian Petroleum Association and the Brazilian Association of Petroleum Geologists, alongside African stakeholders such as RichAfrica Consultancy,\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/02\/African-Energies-Investment-Forum-in-Brazil-scaled.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/02\/African-Energies-Investment-Forum-in-Brazil-scaled.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/02\/African-Energies-Investment-Forum-in-Brazil-scaled.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/02\/African-Energies-Investment-Forum-in-Brazil-scaled.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/02\/African-Energies-Investment-Forum-in-Brazil-scaled.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7757,"url":"https:\/\/www.oilnewskenya.com\/index.php\/new-cnpc-discovery-confirms-south-sudans-immense-oil-potential\/","url_meta":{"origin":5903,"position":2},"title":"New CNPC Discovery Confirms South Sudan\u2019s Immense Oil Potential","author":"","date":"August 29, 2019","format":false,"excerpt":"While the country sits on over 3.5bn of proven oil reserves, the third largest in sub-Saharan Africa, 70% of its territory remains under-explored. In what has become a remarkable month for exploration in Africa, a CNPC-led consortium has made a 300 million barrels of recoverable oil discovery in South Sudan\u2019s\u2026","rel":"","context":"In \"Block B2\"","block_context":{"text":"Block B2","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/block-b2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/08\/South-Sudan-Block-3-revised.jpg?fit=800%2C532&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/08\/South-Sudan-Block-3-revised.jpg?fit=800%2C532&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/08\/South-Sudan-Block-3-revised.jpg?fit=800%2C532&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/08\/South-Sudan-Block-3-revised.jpg?fit=800%2C532&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8182,"url":"https:\/\/www.oilnewskenya.com\/index.php\/energy-lobby-to-host-webinar-on-financing-the-recovery-of-african-oil-and-gas-markets\/","url_meta":{"origin":5903,"position":3},"title":"Energy Lobby to Host Webinar on Financing the Recovery of African Oil and Gas Markets","author":"","date":"May 11, 2020","format":false,"excerpt":"In line with its recently-released Common-sense Energy Agenda that calls for banking and financial support to the oil & gas sector, the African Energy Chamber will be hosting a webinar exploring the role of Private Equity, gas monetization and African marginal oilfield producers in supporting economic recovery. The webinar is\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11450,"url":"https:\/\/www.oilnewskenya.com\/index.php\/senegal-president-promotes-a-participatory-multi-institutional-collaborative-approach-on-oil-and-gas-revenue-management\/","url_meta":{"origin":5903,"position":4},"title":"SENEGAL: President Promotes a Participatory, Multi-institutional & Collaborative Approach on Oil and Gas Revenue Management","author":"","date":"December 21, 2021","format":false,"excerpt":"With the utmost ambition and desire for all Senegalese people to benefit and prosper from their country\u2019s natural resources, President Macky Sall demonstrated his determination to implement reforms to fully exploit Senegal\u2019s hydrocarbon potential. The move to propose a framework that will mandate accountability and transparency in the management of\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-President-Macky-Sall.png?fit=1059%2C626&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-President-Macky-Sall.png?fit=1059%2C626&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-President-Macky-Sall.png?fit=1059%2C626&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-President-Macky-Sall.png?fit=1059%2C626&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-President-Macky-Sall.png?fit=1059%2C626&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":2267,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-gas-legal-summit-2015-set-for-south-africa-in-february\/","url_meta":{"origin":5903,"position":5},"title":"Africa Oil & Gas Legal Summit 2015 set for South Africa in February","author":"Samuel Kamau Mbote","date":"January 13, 2015","format":false,"excerpt":"The Africa Oil & Gas Legal Summit 2015 along will be held in the last week of February in Johannesburg, South Africa in an inaugural event that will convene Energy Ministers, legal experts and industry players from the oil and gas ecosystem, ranging from oil majors and national oil companies,\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=5903"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5903\/revisions"}],"predecessor-version":[{"id":5905,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5903\/revisions\/5905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/5904"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}