Somaliland among 14 oil states in the regional energy conference to be held in Kenya
NAIROBI Kenya, Apr 23 – Kenya is set to host a major regional energy conference between June 18 and 20, which will discuss the opportunities, acreage, key players and corporate and government strategies for oil, gas and other energy sources in this region.
The 4th Eastern Africa Oil, Gas & Energy Conference will showcase the regional oil, gas and energy sector in over a dozen states: Kenya, Tanzania, Uganda, Rwanda, Burundi, DRC, South Sudan, Ethiopia, Zambia, Eritrea, Somaliland, Seychelles, Madagascar and Mozambique.
The 14 states in the region are diverse in scale, resource potential, contract terms, and venture-types and in regard to exploration cycles and hydrocarbon discoveries. This year’s conference comes on the heels of recent oil discovery in Eastern Africa countries.
“Recent large and world-class gas discoveries in Mozambique and Tanzania, with potential for more to come, and commercial oil flows in Kenya, show the potential of the enormous exploration frontiers of Eastern Africa, both onshore and offshore,” Dr Duncan Clarke, Chairman of Global Pacific & Partners, said.
“The new discoveries will add substantial net wealth to Eastern Africa’s littoral states where they are located, and induce higher economic growth rates and regional development.”
Eastern Africa has been transformed into a fast-emerging oil and gas frontier region.
The on and offshore potential includes exclusive economic zones, deepwater opportunities and ultra-deep plays.
As a result of these developments, increasing numbers of 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 Super-Majors (Total, Exxon Mobil, Chevron, Shell and BP) have shown renewed interest, and Independents from around the world now abound.
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.
Source: Capital FM