BY EDMUND SMITH-ASANTE
The 4th
Eastern Africa Oil, Gas & Energy Conference 2013, is scheduled to take
place in the Kenyan capital Nairobi, from June 18 to June 20.
This annual conference
takes place at a time when the world and indeed Africa’s oil landscape has been
reshaped by the discovery of oil and gas in commercial quantities in the
Eastern Africa region.
Oil
discovery in Africa began from its Northern region, then to the West and
Central region and has in recent times been joined the Eastern block.
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,
which impact is rebalancing the Africa oil-gas industry landscape into a wider
continental oil and gas/LNG game, with potentially global consequences.
The conference,
which is hosted annually by Global Pacific & Partners, gives new insight in
the opportunities, acreage, key players and corporate and government strategies
in the Eastern Africa region, will include a pre-Conference 4th Eastern Africa
Strategy Briefing by Dr Duncan Clarke, Africa’s foremost strategist in the
upstream and will highlight presentations of CEOs, government officials,
Ministers and key executives from within leading corporate and state oil
companies.
Also to be
held on the first day of the main conference on June 18, 2013, will be the 51st
PetroAfricanus Dinner, while Dr Duncan Clarke, author of several historiography
and economics books about Africa’s oil future, will provide key insights on the
corporate upstream oil and gas game, governments and state oil firms and
licensing agency strategies during the Strategy Briefing.
Commenting
on the oil find in the region, Dr Duncan Clarke, Chairman of Global Pacific
& Partners, said “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.”
With its
resurgence, Eastern Africa has been transformed into a fast-emerging oil and
gas frontier region, with the on- and offshore potential including exclusive
economic zones, deepwater opportunities and ultra-deep plays.
Further, the
15 nation states in the region are diverse in scale, resource potential,
contract terms, and venture-types and in regard to exploration cycles and
hydrocarbon discoveries.
Since oil
was struck, 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, according to the organisers.
A press
release issued by Global Pacific and Partners says that foreign state-owned
companies like the China national Offshore Oil Corporation (CNOOC) and PTT
Exploration and Production (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.
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