Eastern Africa Resurgence Reshapes Oil Landscape

               Eastern Africa Resurgence Reshapes Oil Landscape

  PR Newswire

  NAIROBI, Kenya, February 19, 2013

NAIROBI, Kenya, February 19, 2013 /PRNewswire/ --

4th Eastern Africa Oil, Gas & Energy Conference 2013, held in Nairobi

Recent large and world-class gas discoveries in Mozambique and Tanzania, with
potential for more to come, and commercial oil flows in Kenya, show the
potential of the enormous exploration frontiers of Eastern Africa, both
onshore and offshore. The impact of this resurgence is rebalancing the Africa
oil-gas industry landscape into a wider continental oil and gas/LNG game, with
potentially global consequences.

The 4th Eastern Africa Oil, Gas & Energy Conference 2013 gives new insight in
the opportunities, acreage, key players and corporate and government
strategies in this region. The Conference is hosted annually by Global Pacific
& Partners and will be held from June 18 ^th to 20 ^th in the InterContinental
Hotel in Nairobi, Kenya, including the pre-Conference 4 ^th  Eastern Africa
Strategy Briefing by Dr Duncan Clarke, Africa's foremost strategist in the
upstream. The meeting highlights presentations of CEO's, government officials,
Ministers and key executives from within leading corporate and state oil
companies.

Eastern Africa has been transformed into a fast-emerging oil and gas frontier
region. The on- and offshore potential includes exclusive economic zones,
deepwater opportunities and ultra-deep plays. The 15 nation states in the
region are diverse in scale, resource potential, contract terms, and
venture-types and in regard to exploration cycles and hydrocarbon discoveries.

Increasing numbers of companies have entered open acreage and bid rounds, and
more blocks have been leased than ever before, with more drilling commitments
concluded. Foreign state-owned companies like CNOOC and PTTEP have invested in
Eastern Africa while Super-Majors (Total, Exxon Mobil, Chevron, Shell and BP)
have shown renewed interest, and Independents from around the world now
abound.

During the 4 ^th Eastern Africa Conference key Speakers will reveal the
exploration potential, future opportunities and growth in countries like
Kenya, Somalia, Ethiopia, DRC, the Seychelles, Tanzania, Madagascar, Burundi,
Rwanda, and regional oil giant Uganda.

"The new discoveries will add substantial net wealth to Eastern Africa's
littoral states where they are located, and induce higher economic growth
rates and regional development," Dr Duncan Clarke, Chairman of Global Pacific
& Partners, says.

Prior to the conference the 4th  Eastern Africa  Strategy Briefing, together
with the celebrated 51 ^st  PetroAfricanus Dinner , will be heldon June 18
^th . During the Strategy Briefing Dr Duncan Clarke, author of several
historiography and economics books about Africa's oil future, provides key
insights on the corporate upstream oil and gas game, governments and state oil
firms and licensing agency strategies.

Contact: Note to the press: For further information, please contact Babette
van Gessel of Global Pacific & Partners, Tel: +31-70-324-6154, e-mail:
babette@glopac-partners.com or Sonika Greyvenstein, Tel: +27-11-880-7052,
e-mail: sonika@glopac-partners.com.
 
Press spacebar to pause and continue. Press esc to stop.