Lagos, Nigeria is to host West Africa's top annual business to business upstream oil and gas event, which is to bring together decision makers from across the West African region
With the current oil price the focus has shifted from ‘Produce at all Costs’ to a mind-set to one that favours producing in context. There is estimated to be at least another 100 bn barrels just waiting to be discovered in the region and this is why the Upstream West Africa Summit 2017 is such an important event to help with “Moving Projects Forward in a Low Cost Environment” in West Africa.
West Africa’s key oil producing countries which are expected to continue to list among those countries whose economies are expanding at the fastest rate on the planet with over 500 oil companies exploring for natural resources on the continent and considering Africa’s proven oil reserves have grown by nearly 120 per cent in the past 30 years, from 57 bn barrels in 1980 to 124 bn barrels in 2012, that is no surprise.
All Oil and Gas Companies will be looking toward moving projects forward in a low cost environment: NNPC, DPR, Ministry of Petroleum, Esso, SNEPCO, Chevron, Total E&P Nigeria, Oando, Sterling Exploration, NNDC, NPDC, KNOC, Newcross Petroleum, Conoil, Seplat, Sahara Energy, First E&P Nigeria and many more.
Along with moving projects forward in a low cost environment, we will be looking at maximizing production on current assets and the following topics will be covered at the Upstream West Africa Summit 2017: FPSO: The Perfect Solution for Deepwater Developments, Exploration: G&G Technology Developments, Near Field Exploration for Reserve Replacement, Upstream Investment Opportunities in a Low Oil price environment, Indigenisation of Upstream E&P – Marginal Field Development Challenges, New Exploration Frontiers – (focus: Chad Basin).
Registration and information on Upstream West Africa can be found here.