25 March 2015, Sweetcrude, Accra, Ghana – 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.