Australia’s leading oil and gas event organiser Diversified Communications is supporting a major new initiative that will bring representatives from the world’s current oil and gas “hot spot”, East Africa, to Australia.
Diversified Communications, which stages the internationally regarded Australasian Oil & Gas Exhibition and Conference (AOG) in Perth each year, is reinforcing the partnering of key East African governments and Austrade for the inaugural East African Oil & Gas Conference Australia (EAOGA 2014), to be held at the Hyatt Regency in Perth, Western Australia, on August 28 & 29, 2014.
AOG visitors receive 10% off all Conference tickets, and can take advantage of the Early Bird rate open until 15 July, paying $792 + GST for the two days by using promo code AOG2014 on www.eaoga.com.au.
On the back of industry estimates of more than of 40 billion barrels of recoverable oil and natural gas liquids and more than 400 trillion cubic feet (tcf) of gas, East Africa has been the site of a tremendous run of drilling activity and successes in recent years, with more hydrocarbons reportedly discovered in East Africa between 2012 and 2014 than any other region of the world.
The drilling success has led to a significant opportunity for the global oil and gas service and supply sector with new studies indicating East Africa is set to overtake the rest of Africa in infrastructure requirements, with a particular need to support a rapidly developing LNG industry that is set to rival that of Australia over the next few decades.
“Many Australian junior oil and gas companies have been early movers into East Africa, and have been very successful in doing so,” said Bill Hare, AOG Event Director at Diversified Communications.
“For example, we have recently seen Australia’s Pancontinental Oil & Gas participate in the first offshore East African oil find in Kenya, which has created great international excitement. The successes of Australian juniors like Pancontinental and the tremendous gas finds made by independents from around the globe, has led to a rush of interest from the global oil and gas majors, making East Africa one of the world’s leading petroleum industry investment destinations” said Bill Hare.
Attendees at EAOGA 2014 will hear first-hand from East African officials and local experts on the developments and trends in the region. There will also be an accompanying exhibition.
The event is supported by Austrade and organised in partnership with the Tanzanian Ministry of Energy and Minerals, the High Commission of the Republic of Uganda in Australia, the Kenya High Commission in Canberra, the Kenya – Australia Chamber of Commerce, the Embassy of the United Republic of Tanzania in Japan, the Australia – Tanzania Business Council, and Tanzania’s Tourism Goodwill Ambassador in Australia.
“The rapid growth in East Africa’s Oil and Gas industry has created a significant demand for information. The EAOGA conference offers the opportunity to learn about the critical matters specific to the region including security, risks and social conditions” said EAOGA’s Director, Stephen Kuria.
In a recent interview with the West Australian’s Business Senior Reporter Kim Macdonald, the Ugandan Minister for Energy and Mineral Development, Hon. Eng. Irene Muloni said “China has identified that Africa is still virgin — there is plenty of opportunity and plenty of natural resources that have not been exploited. While you wait (to invest), others have already recognised that it is a stable environment.”
The Minister for Energy and Minerals of the United Republic of Tanzania Hon. Prof. Sospeter Muhongo said that Tanzania’s post 2015 economy will be heavily driven by the natural resources through heavy exploitation of natural gas, coal, uranium and other non-renewable resources.
The East Africa Oil and Gas Conference is a new initiative that brings the East Africa oil and gas focus to Australia.
“From its inception, I discussed this initiative with the Minister for Energy and Minerals Prof. Muhongo who agreed that the conference was timely and needed. He assured us of his support and we were pleased that the Ministry of Energy and Minerals of the United Republic of Tanzania became Conference partners” said Dr Casta Tungaraza, the Tanzania’s Tourism Goodwill Ambassador in Australia.
Government Officials from the East African region who have been invited include Ministers for Transport, Infrastructure, Environment and Tourism, together with other experts in the oil and gas field.
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