Accra will play host to the maiden edition of the Sub-Sahara Africa (SSA)Upstream Oil and Gas Summit and Exhibition from April 1 to 3 2015, a statement released here Wednesday said.
The summit which will be under the theme, ?Unlocking Potentials in Sub-Sahara Africa Upstream Oil and Gas? is aimed at bringing to the fore the intricacies of the oil and gas sector, the potentials of the industry and the sizable share of global reserves and resources deposited in Nigeria, Ghana and other oil-producing countries in the Sub-Saharan African region.
Among issues to be discussed during the summit range from cross-border matters, particularly for stakeholder licenses, financial instruments for marginal fields, local content drive, to security and safety in extractive industries and sustainable management of resources.
Beyond the discussions, the event affords participants the opportunity to showcase their organization?s brand and products, launch their company?s new products and services, increase product awareness across the SSA region, face to face contact with potential clients and clients? customers as well as networking with key decision makers.
The summit which is being organized by Zenith Professional Training (ZPT), a firm with several years of building oil and gas capacity through industry specialized training is expected to attract key industry players from across Africa and beyond.
The exhibition will provide a veritable opportunity for established exploration and production(E&P) companies, marginal field companies, state governments, government agencies, legal and financial services providers, exploration, production and processing technology manufacturers, exploration, production and processing service companies, services providers, equipment manufacturers and new entries to interact and showcase their potentials.
With more than 4,200 oil and gas blocks identified, Africa is the last true oil and gas frontier.
About half of these blocks are open, subject to force majeure. 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 E&P companies that are willing to take risks.
Ghana discovered oil in commercial quantities in July 2007 and commenced commercial production in November 2010.
The summit is expected to offer useful insight to the West African country about best practices within the oil and gas industry.