East African Community Partner States Hosts High Level Oil & Gas Stakeholder Forum

James Nganga, Chairperson, National Steering Committee for EAPCE 2019 conferring with Andrew Kamau, PS, Ministry of Petroleum and Mining during East African Petroleum Conference High Level Oil & Gas Stakeholder Forum
cropped-leaderboard-ad

East African Community partner states have today gathered in Nairobi for a high-level stakeholder Oil and Gas forum ahead of East African Petroleum and Exhibition Conference 2019 that will be held in May 2019. Leaders from across the region and international sector players held dialogue on oil and gas investment opportunities by demonstrating status on the development of sector.

Kenya’s State Department for Petroleum, under the Ministry of Petroleum
and Mining exuded confidence on the level and intensity of commercial
energy use as a key indicator of economic growth and development in the
region.

In Kenya for example, The Petroleum Act 2017 is encouraging investments in oil and gas by complying with local content requirements, which include upstream operations, locally manufactured goods and employment
opportunities.

Speaking at the forum, the Principal Secretary, State Department for
Petroleum Mr. Andrew Kamau said, “We ought to look at the Oil and Gas
sector wholistically. There is need for upskilling the workforce with the right skillsets as we develop the sector and create job opportunities. The East African Petroleum Conference 2019 will seek to provide East Africa’s Oil and Gas industry players to explore on opportunities and dialogue to attract local and international investors.”

In the next two years over 200 wells will be drilled.

“The government is looking to develop south Lokichar resources in a
phased approach towards oil production. We are currently in the first
phase where we have done the economic benefit by looking at the
recoverable reserves. The next steps would be to build the pipeline and
facilities that will take the oil down to Lamu for export,” Andrew Kamau
added.

James Nganga, Chairperson, National Steering Committee for
EAPCE 2019 discussing with Anthony Mwangi, Government, Public Affairs
and Communication Director for Tullow Oil chatting at the East African
Petroleum Conference High Level Oil & Gas Stakeholder Forum

Immense opportunities lie in the Oil and Gas sector. Kenya has only
explored about 10,000 square kilometres out of 85,000 square kilometres
of Oil and Gas sedimentary basin.

“Oil and Gas and gas exploration is a profitable business. I encourage
everyone to get on board on every aspect its supply chain to make East
Africa an Oil and Gas investment region of choice,” said Mr. Martin
Heya, Chairperson, Steering Organizing Committee – East African
Petroleum Conference and Exhibition2019

“The opportunity is large and many partners need to come on board to
make East Africa the destination of Oil and Gas investments as we
continually improve an enabling and facilitative environment for the
sector,” Concluded Mr. James Ng’ang’a, Chairperson, National Organizing
Committee – East African Petroleum Conference and Exhibition2019

cropped-leaderboard-ad

LEAVE A REPLY

Please enter your comment!
Please enter your name here