Accra
(Ghana), March 17, 2015 – With more than 4,200 oil and gas
blocks identified, Africa
is the last true oil and gas frontier. About half of these blocks are open,
subject to force majeure. More than 80% of the 1,300 blocks in North Africa are
licensed, while in sub-Saharan Africa, it is estimated that only about 30% of
2,900 blocks are licensed. In the sub-Saharan regions, it is evident that many
new opportunities still exist, especially for the exploration and production
(E&P) companies that are willing to take risks.
In
realization of these inherent opportunities in the sub - region, the maiden
edition of the Sub-Sahara Africa Upstream Oil & Gas Summit & Exhibition
has been scheduled to hold in Accra, Ghana from 1st - 3rd April 2015 with theme
“Unlocking Potentials in sub-Sahara Africa Upstream Oil & Gas”. The summit
is organized by Zenith Professional Training (ZPT), a firm with several years’
of building oil and gas capacity through industry specialized training.
The
Summit and exhibition, in its maiden edition is aimed at bringing to the fore
the intricacies of the oil and gas sector, the potentials of the industry and
the sizable share of global reserves and resources deposited in Nigeria, Ghana
and other oil-producing countries in the Sub-Saharan African region.
Issues
to be discussed range from cross-border matters, particularly for stakeholder
licenses, financial instruments for marginal fields, local content drive, to
security and safety in extractive industries and sustainable management of
resources. Beyond discussions, the event affords participants the opportunity
to showcase their
organization’s brand and products, launch company’s new products and services,
increase product awareness across the Sub-Saharan African region, face to face
contact with potential clients and clients’ customers as well as networking
with key decision makers.
It
is expected that the summit and exhibition will attract many key industry
players from across Africa and beyond. The exhibition will provide a veritable
opportunity for established Exploration & Production Companies, Marginal Field Companies, State Governments, Government Agencies, Legal & Financial Services
Providers, Exploration,
Production & Processing Technology Manufacturers, Exploration, Production &
Processing Service Companies, services providers, equipment manufacturers and
new entries to interact and showcase their potentials.
Media Enquiries:
Nigeria/Ghana:
Innocent
Nwani
+234 816 853 6627
Growth is expected to decelerate in Sub-Saharan Africa to 3.7 per cent in 2015, the lowest since 2009, due to declining crude prices and infrastructure (electricity supply and transport) constraints affecting Nigeria and South Africa.
The deal reached earlier this year over the Iranian nuclear programme is beginning to rekindle old oil alliances, leaving the state oil company NNPC in Africa’s largest oil producer fretting over the possibility of losing market share.
