Oil and gas conference to explore opportunities
23 April 2013, 19:02
Nairobi - The upcoming Eastern Africa Oil, Gas and Energy Conference will explore the potential, future opportunities and growth in countries in the region.
Scheduled for 18 to 20 in Nairobi, the conference comes on the back of the transformation of Eastern Africa into an emerging oil and gas frontier region.
Dr Duncan Clarke, Chairman of Global Pacific and Partners, organisers of the conference, says countries in the region are poised to benefit immensely from the discoveries of oil and gas deposits.
The on- and offshore potential includes exclusive economic zones, deep water opportunities and ultra-deep plays.
“The new discoveries will add substantial net wealth to the Eastern Africa’s littoral states where they are located, and induce higher economic growth rates and regional development,” Clarke said ahead of the fourth edition of the conference.
More and more companies have entered open acreage and bid rounds, and more blocks have been leased than ever before, with more drilling commitments concluded.
Foreign state-owned companies like CNOOC and PTTEP have invested in Eastern Africa while companies like Total, Exxon Mobil, Chevron, Shell and BP have shown renewed interest.
The conference will highlight presentations of CEO’s, government officials, ministers and key executives from within leading corporate and state oil companies.
During the 4th Eastern Africa Conference key speakers will reveal the exploration potential, future opportunities and growth in countries like Kenya, Somalia, Ethiopia, DRC, the Seychelles, Tanzania, Madagascar, Burundi, Rwanda, and regional oil giant Uganda.
- CAJ News