Despite the downturn in the global oil and gas price, exploration, development, and production continues across Africa.
Energy ministers, African oil company CEOs and main private sector o&g organizations on the continent will address current and future market conditions and prospects during the 2nd Scotland Africa Oil & Gas Forum in Aberdeen.
The event, taking place at the Aberdeen Exhibition and Conference Centre on November 21, 2017, is organized in collaboration with the Scotland Africa Business Exchange.
Despite the downturn in the global oil and gas price, exploration, development, and production continues across Africa.
First oil was produced from the TEN field offshore Ghana while Cairn Energy completed its ninth successful well in Senegal in three years.
Further south, Tullow identified encouraging oil plays in their two license areas offshore Namibia while pipeline and refinery construction opportunities were moving forward in East Africa with the presidents of Uganda and Tanzania recently signing the East African Crude Oil Pipe Line Agreement. Major developments are also progressing across Kenya, Mozambique, and Somalia.
Cote d’Ivoire’s Minister of Petroleum Thierry Tanoh will join CEO of the Tanzania Petroleum Development Corporation Kapuulya Musomba , chairman of Mozambique’s Institute of National Petroleum Carlos Zacarias , and senior officials from the Ugandan government at the event.
The conference will also include presentations from the Energy Industries Council on opportunities and overview of sub-Saharan Africa projects and practical guidance for Scottish firms looking to do business in the region from UK Export Finance.
Frazer Lang , managing director of the Scotland Africa Business Exchange, said: “Uncertainty with regulatory frameworks and complications around the interpretation of updated or developing energy policies are often cited as one of the main barriers to companies and investors entering African markets.
“To have the high-level delegations attending and speaking, those who actually formulate and implement these policies is a unique opportunity for companies to listen to explanations first hand and ask direct questions. It’s not too much to say that Scotland currently holds a competitive advantage in many areas that should be seized by companies in this sector.”