The forum will be the first to bring senior African government representatives, NOCs and the CEOs of indigenous and international private sector organisations to Aberdeen, the oil capital of Europe, to focus on opportunities for investment and partnership in developing Africa’s own oil and gas industry.
Date: 24 November 2016
The African oil industry is increasingly seen as an attractive place for enterprising Scottish businesses to focus their attention, with opportunities extending from exploration and production (E&P) and oilfield services through to the development of associated infrastructure, the monetisation of newly made discoveries (e.g. gas-to-power solutions) and in skills transfer and training.
Long-established producing countries - such as Nigeria, Algeria, Egypt and Angola - have been joined by a number of exciting frontier and emerging markets in West Africa, whilst the vast and well-documented gas reserves in East Africa remain largely undeveloped and open to incoming expertise.
The current pricing climate may have had an adverse impact on spending plans but has also has spurred many African governments to review and improve oil & gas legislation in order to attract investment, whilst in the service sector the emphasis on cost reduction is driving innovation and opportunities for firms with cutting-edge technologies.
Challenges yet to be fully addressed by Africa’s oil & gas industry include poor physical infrastructure, energy supply, local content issues and skills shortages, presenting further opportunities for Scotland’s world-leading firms and institutions to play a key role in the development of the sector.
The Scotland Africa Oil & Gas Forum addresses market conditions and prospects across the sector and offers delegates unprecedented access to decision-makers from across the region.