After a successful two years running, the 3rd East Africa Oil & Gas Expo, the region’s largest trade exhibition for this sector, took place at the Kenyatta International Convention Centre between 27 and 29 April 2014. The event, which attracted exhibitors from 19 different countries including 12 African states, was decidedly bigger than previous years with over 115 exhibitors, 4,497 business visitors, 10,000 products on display and $7.3 million generated in business prospects.
The expo explored areas of growth in petroleum technology, exploration, drilling, production and processing, refining, pipeline, transportation, petrochemicals, natural gas and many others. It also covered safety, health and environment management and information technology in the oil and gas sector.
This event is one of several exhibitions and trade shows in the East African Community and is set to continue in this fashion as Kenya only last year announced its fourth consecutive discovery of oil. The region has seen a sudden surge in interest as foreign investors are constantly excited by the growth in Africa and the oil exploration and economic progress that goes along with it.
“Right now we frankly just don’t know how much oil is there and we don’t know a lot of the characteristics of it,” said Keith Hill, CEO of Canadian oil and gas exploration company Africa Oil Corp, “But we still want to stay in the country; we still want to be part of the production and the development project going forward.”
The Oil & Gas Expo is also an opportunity for Kenya to strengthen its associations with the UAE and Asia, creating a great platform for business to business meetings, where attendees can rub shoulders with stakeholders from various organisations, decision makers from the end user industries and other observers and experts in the sector.
For more information about the expo, visit the website.