Tanzania set to host Sub-Sahara Africa Upstream Oil & Gas Summit in April 2019
By Ndubuisi Micheal Obineme
The Annual Sub-Sahara Africa Upstream Oil & Gas Summit & Exhibition, organized by the Zenith Professional Training (ZPT), is scheduled to take place in Tanzania, by April 2019 with the theme: “Gearing up for Growth: Sub Sahara Oil, Gas and Power Oil Chain’’
Dapo Ayoola, Managing Director & CEO of Zenith Professional Training (ZPT) Limited, said that the platform was conceived as means for exchange of ideas on the mutually beneficial opportunities by oil, gas and power sectors.
According to Ayoola, the theme was carefully selected to deliver the maximum returns to all participants hence the addition, for the first time, an investment forum dubbed ‘Invest Energy Africa’ and a session dedicated to women in petroleum.
Over the years, the Sub-Sahara Africa Upstream Oil & Gas Summit has become the premier event for advancing Africa’s oil and gas development, innovations and discoveries. The 2019 edition will gather key industry players from across Africa and beyond. The exhibition will provide a veritable opportunity for established oil and gas companies, government agencies, services providers, equipment manufacturers and new entries to interact and showcase their possibilities.
Africa at a Glance
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% 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.
The main objective of this summit therefore is to bring to fore those opportunities in Sub- Sahara oil and gas thus the theme “Gearing up for Growth: Sub Sahara Oil, Gas and Power Oil Chain’
