East African Community Secretariat; Arusha, Tanzania; 25 May 2017:
The EAC Secretariat, the Government of Burundi and other EAC Partner States are finalizing preparations for the 8th East African Petroleum Conference and Exhibition (EAPCE’17) set to be held in Bujumbura, Burundi from 7th to 9th June 2017.
The three-day conference themed ‘East Africa – An Emerging Hotspot for Oil and Gas Exploration, Infrastructure Development and Commercialization’ will bring together top players in the oil and gas sector as well as policy and decision makers from the region to dialogue on the potential that lies within the region while sharing information on the status of development of the sector in each Partner State.
EAPCE’17 will include an exhibition where investors, enterprises, researchers and academia will collectively showcase new products and services as well as exhibit the latest advances in the exploitation of both renewable and non-renewable energy sources.
The Conference programme also integrates field excursions to selected sites in each Partner State for participants to see the rich geological variety that the region possesses as well as the touristic attractions that the region is well known for.
H.E. Pierre Nkurunziza, President of the Republic of Burundi, has been invited to grace the official opening ceremony of the Conference.
Other high level dignitaries expected to attend the Conference include Amb. Libérat Mfumukeko, the EAC Secretary General as well as line Ministers and heads of the respective Agencies from all EAC Partner States, who shall engage stakeholders on critical steps needed to leverage higher levels of investment in the oil and gas sector.
Speaking ahead of the Conference, the EAC Secretary General, Amb. Libérat Mfumukeko said the Conference provides unique networking opportunities with government, private sector, regional organizations, academia, technology developers, investors and civil society.
‘Recent discoveries of oil and gas in Kenya, Uganda and Tanzania in addition to the existing oil industry in South Sudan have positioned East Africa as the world’s most promising frontier for petroleum exploration and development,’ added Amb. Mfumukeko.
The Secretary General said the EAC Partner State shall share their policy, legal and regulatory frameworks and other initiatives aimed at continually improving the enabling environment in the sector.
EAPCE’17 is taking place at the peak of EAC’s transforming into a Common Market. This transformation is geared towards providing great opportunities for business and investment in all sectors as the single market provides for free movement of goods, capital and services within the region.
EAPCE’17 will among others address the following critical issues:
- Exploration and development in the East African Rift and Coastal Basins as well as Deep water and Inland Basins;
- Commercialization of discovered oil and gas resources from field development, reservoir management and data management;
- Local content in Africa and how it is likely to impact the future development of the petroleum sector;
- The latest technological advancements in the petroleum sector; and
- The balance needed between environmental management and the development of the petroleum value chain.
Registration for participation at the Conference closes on 6th June 2017. For more information on EAPCE’17, visit the conference website: www.eapce17.eac.int