At a time when energy prospection activities are rapidly gaining ground in East Africa, regional oil and gas industry experts are set to converge on Kenyan capital Nairobi to discuss ways of negotiating contracts, financing and resolving disputes
The two-day meeting, to be held on 6-7 June 2013 at Nairobi's Crowne Plaza Hotel, will be attended by government ministers, legal and financial advisors, senior executives and managers in the oil, gas and energy sectors across the corridor.
The conference — ‘Negotiating, Financing and Dispute Resolution in Oil and Gas Transactions’ — is aimed at equipping professionals in negotiating oil and gas contracts, educating them on the various financing options and empowering them with effective dispute resolution skills.
Geoffrey Njenga, NCMG International’s regional director, said, “This conference will play an important role in preparing delegates to achieve their commercial objectives, learn about various negotiation techniques, financing options, and explore routes for dispute resolution as well as have opportunities to practice these essential skills.”
Ugandan President Yoweri Kaguta Museveni called for fairness in the design of oil production contracts, saying that Uganda was forced to abandon its plan to commence production of petroleum owing to concerns over equity in the sharing of revenues with foreign oil companies.
Among the 500 dignitaries that expected to attend the conference include Justice James Ogolla from Uganda, Justice George Kimondo from Kenya, Jean-Louis Ekra, president of Afreximbank, Habil Olaka, chief executive officer of the Kenya Bankers Association, Sadiq Adamu, assistant general counsel of Exxon Mobil and executive representatives from the Africa Finance Corporation and Sahara Group, Nigeria.