The prospects and sustainability in Sub-Sahara Africa oil and gas business with be the focus of the 2017 edition of the Sub-Sahara Africa Oil and Gas Summit and Exhibition. The summit will discuss new opportunities in the sub region’s oil and gas sector and the event is scheduled to hold in Lagos from 5th to 7th April, 2017.
The Summit and Exhibition will equally offer an opportunity to bring to focus on how companies can develop processes and systems that could enhance their operations and productivity. It provides the avenue for industry players to rethink and re-strategize on how to remain profitable given the increasing unpredictability of the operating environment.
Speaking at an interactive session with the media in Lagos, Dapo Ayoola, CEO of Zenith Professional Training, organisers of the summit said the main objective of the conference is to highlight the opportunities in the sector.
“Africa is the last true oil and gas frontier with more than 4,200 oil and gas blocks identified. Almost half of these blocks are open, subject to force majeure or in the application phase. More than 80 percent of the 1,300 blocks in North Africa are licensed, while in sub-Saharan Africa it is estimated that only about 30 percent 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”, he said.
This year’s event is the 3rd in its series and promises to build on the successes of previous editions held in Accra, Ghana in 2015 and 2016.
Zenith Professional Training (ZPT), organisers of the summit is a firm with several years’ of building oil and gas capacity through industry specialized trainings in the oil and gas sector.
FRANK UZUEGBUNAM
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
