Oil and Gas Boom across East Africa at Risk
Albany, NY (PRWEB) August 15, 2014
Ten years ago, East Africa was not a major oil and gas exploration basin despite drilling activity dating back to at least 1960. Now, Uganda and Kenya are estimated to have commercial recoverable reserves of 1 billion barrels of crude oil and Tanzania and Mozambique to have 130 trillion cubic feet of natural gas. Exploration is now spreading to Somalia, Ethiopia, Madagascar, Comoros, Seychelles and Mauritius. This resource potential offers East Africans a reason to be upbeat about potential economic growth over the next half-century, but significant challenges remain. Establishing a competitive business environment governed by a stable and robust regulatory framework that encourages and protects foreign investment will be necessary.
Widespread Oil and Gas Opportunities in East Africa.
On-going oil and gas legislative frameworks currently being worked on.
How the regions location and prospectivity offers a distinct alternative to the better-known West African Basin.
How developing these resources could radically transform East African economies.
Obstacles that lie ahead that can hinder upstream developments including political instability, insecurity and poor infrastructure.
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Reasons to buy
Shows current upstream oil and gas opportunities in East African region
Shows the key players in East Africas oil and gas industry
Shows challenges, risks and uncertainties of operating in Africas new oil and gas frontier region.
Assist NOCs, IOCs and other stakeholders understand how they can tackle the obstacles that lie ahead.
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