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Africa Oil Week 2018 Highlights Key Challenges And Opportunities In Oil Sector In Africa

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Africa Oil Week 2018 Highlights Key Challenges And Opportunities In Oil Sector In Africa

Africa Oil Week in Cape Town, South Africa, kicked off with a strong start for its 25th anniversary as delegates converged at the Welcome Reception to celebrate the spectacular opening of Africa Oil Week 2018 and today the conference got underway.

The first session on Economic Outlooks was opened with key speakers including Jens Frølich Holte, State Secretary, Ministry of Foreign Affairs – Norway; David Hicks, Senior Vice President: Upstream, IHS Markit; Jasper Peijs, Exploration Vice President, BP; Mounir Bouaziz, VP Commercial/New Business Development South America & Africa, Country Chair Dubai & Northern Emirates, Shell; Paul McDade, CEO, Tullow Oil and Wale Tinubu, Group Chief Executive, Oando PLC.

The panel addressed the challenges and opportunities the African oil and gas industry is currently facing.

The session also highlighted how Africa can remain competitive in this global oil and gas landscape.

“Tullow believes wholeheartedly in Africa’s ability to compete against all other oil and gas producing regions. Africa has natural advantages that other markets simply don’t have. There is no reason for Africa to do anything but grow market share, and Tullow is committed to being a substantial part of that story” said Paul McDade, CEO, Tullow Oil.

Another standout plenary session was the Ministerial Panel led by BBC World Affairs Editor, John Simpson. Six Ministers from South Africa, Nigeria, Niger, Sudan and Congo provided insights on their country’s exploration and production strategies.

They explored routes to drive growth in National Oil Companies and the role oil and gas plays within policy and development plans.

A bidding round from the Republic of Congo, a licensing round announcement from Madagascar and a country roadshow from Uganda, all held today, once again highlighted the important role Africa Oil Week plays in driving new business opportunities for governments and exploration companies across Africa.

Tuesday also provided various networking and social functions for delegates including the Ministerial and VIP lunch, Think Tank for Sustainable African Energy, PetroAfricanus Dinner and the Late Night Networking Reception.

Africa Oil Week is taking place at the Cape Town International Convention Centre in Cape Town, South Africa on the 5-9 November.

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