The yearning need for the East African region to strategize and get the best out of the emerging oil and gas resources has stimulated the call for a regional oil and gas conference scheduled for 18th and 20th June 2013. The meeting will be held in Nairobi with all involved states attending. The states scheduled to participate include Rwanda, Uganda, Tanzania, Kenya, Burundi, Madagascar, Botswana, DRC, Ethiopia, Eritrea, Sudan, Zambia, Somali and Seychelles.
The recent discovery of gas in Tanzania and Mozambique has intensified the need for the region to meet and discuss the new opportunities. The countries have seen the need to settle the issue of management and key role players. Key speakers in the conference will be addressing the great need to explore market possibilities for oil and gas as a product of the region.
They have planned to talk about countries like Kenya which is showing great potential for oil production. The recent discovery of Ngamia-1 well in the country’s Turkana County has motivated Tullow Inc Plc, a company involved in oil exploration, to start exploring the possibility of having gases in the country.
Kenya has six oil production spots including Twiga south -1 well with an estimated potential of 2,812 barrels per day. According to Tullow, the Twiga-1 well can produce as much as 5,200 barrels of oil per day if pumped by high efficiency equipment. 281 barrels of oil have been added to the amount of oil produced in Kenya following the recent discovery of oil in Ngamia-1well. The company has approximated that the area has potential to produce oil on large scale.
The discovery of other natural gases in Mozambique will elevate it to the 4th largest gas producing country in the world. Its production will be slightly closer to that of Iran, Russia and Qatar, all top producers of natural gasses. The country’s citizens are a happy lot since they believe this discovery will open up job opportunities as a good number of oil and gas companies are likely to open business in Mozambique.
Tanzania’s recent discovery of natural gas in massive amounts makes the East Africa region a rich zone in the world. The Statoil company carried research in the country and discovered approximately 4 trillion cubit feet of natural gases on the shores of Tangawizi. The company now estimates that the offshore of Tanzania could be holding as much as 17 trillion units of natural gases.