This year’s Africa Oil Week yet again provides the continent to deliberate on the possibilities of developing their natural resources. The annual meeting in south Africa has over the year’s provided a platform for governments and private sectors to forge a way for the development of oil and gas.
At the Africa Oil Week, happening later this year 5th - 9th November 2018, the Prospect Forum will bring together exploration and production companies and government under one roof in an attempt to develop new business partnerships.
This attempt is driven by stable and more predictable crude market averaging at $60 per barrel. While it is unknown what the global crude oil prices will be when the meeting gathers, the $60 mark is good news considering the markets had been battered to below $50 per barrel.
“The Prospect Forum at Africa Oil Week is designed to support both B2G and B2B transaction in exploration and production in the Oil and Gas Upstream sector.” Said a note in an email calling for members to register for the Cape Town industry gathering.
Apparently, the Prospect Forum, held in partnership with AAPG, welcomes 12 presentations over 3 days to highlight some of the most compelling new E&P activities in Africa.
Presenters from National Oil Companies, Independents and Geoscience companies will have the opportunity to present bidding rounds, farm-in prospects and basin data viewing respectively, the email further said.
This new content stage is a unique business platform that provides a catalyst for business development, new partnerships and collaboration, the promotional email explained.
It added: Within the Forum, stakeholders will have the opportunity to meet the Heads of New Ventures, VPs of Upstream, VPs of Business Development, Heads of Exploration and senior leaders who form the decision making process for exploration and production companies across the value chain.
“If you are looking to engage with stakeholders who control assets or acreage, then showcasing at the Prospect Forum offers you a fast track to new business development opportunity.