EAC petroleum conference set for next month

The fifth East African Community (EAC) conference and exhibition will commence on February 2-4, February, Kampala, Uganda with regional oil experts convening to discuss the region’s petroleum potential and investment opportunities. The community’s outgoing Secretary General of East African Community, Amb. Juma Mwapachu assured participants that the conference will provide great opportunities for business as well as investment in the region. “We expect this transition to provide great opportunities for business and investment in all sectors. The conference is taking place at an exciting time for the East African Community as we transit into a Common Market. EAC is now one market with free movement of goods, capital and services within the region,” he said. Meanwhile the Conference will provide excellent fora for the participants to exchange ideas and information about recent developments in the region learn about new investment opportunities and share lessons learnt. The East African Region has a total of 28 prospective sedimentary basins with over 37 International Oil and Gas Companies licensed in the region to date. The petroleum resources discovered in the East African region is estimated at 2 billion barrels of oil in place and 3tcf of natural gas. The 3-day conference, organized under the theme - “Harnessing East Africa’s Oil and Gas potential and utilizing the Resources to create lasting value.” - is expected to draw participants from international oil companies, oil industry service companies, government institutions, academic institutions, international geoscientific journals, non-oil and gas institutions from the region and as well as world at large. The East African Petroleum Conference & Exhibition (EAPCE) is recognized globally as a premier international forum for those working in the upstream petroleum sector. Ends

National

EAC petroleum conference set for next month