M a r k e t N e w s

Scottish oil groups ‘should tap Africa’s potential’

Posted on : Thursday , 24th November 2016

 Scottish oil companies that are struggling in the North Sea are being urged to look to Africa to secure their future.

 
The suggestion comes as the first Scotland Africa Oil & Gas Forum brings senior government officials from the continent to Aberdeen today. Komi Sélom Klassou, prime minister of Togo, is being joined by energy ministers from Senegal, Ivory Coast and Congo (Brazzaville). Paul Wheelhouse, Scotland’s minister for business, innovation and energy, will attend the event.
 
While African oil and gas typically has been focused on the likes of Egypt, Algeria, Angola and Nigeria, new frontiers are opening up. Last year Africa was home to eight of the top 20 oil and gas discoveries and it is on course for a similar performance this year.
 
Scottish-based explorers and producers, such as Cairn Energy, Bowleven and Eland, have substantial interests in Africa, while service providers including Wood Group operate in several countries.
 
Enermech, a mechanical engineering specialist, expects to double its African workforce to 300 by the end of next year and is forecasting that revenue from the continent will rise by 45 per cent to £24 million. It has bases in South Africa and works in Ghana, Nigeria, Angola and the Democratic Republic of Congo.
 
Steve Ord, EnerMech’s regional director for Africa, said: “Africa has huge potential, both offshore and onshore, and many of the hard lessons learnt by working in the North Sea and other mature basins over many years has positioned us to play a central role in some of the largest projects, which are just starting or will kick off in the next few years.”
 
Ian Knott, advisory director at Grant Thornton, the accountancy, in Aberdeen, said that many Scottish companies needed to get into new markets. “Greater international collaboration could unlock new sources of revenue and provide much-needed growth at a time when many businesses are suffering from a lack of demand and significant pressure on costs in their existing markets,” he said.
 
The event, organised by Aberdeen & Grampian Chamber of Commerce and the Scotland Africa Business Exchange, will look at the opportunities for Scottish companies to become involved in a wide range of projects.
 
Roger Connon, head of office at Pinsent Masons, the law firm, in Aberdeen, said there were several areas where African countries were showing interest in tapping into the experience of Scottish and UK-based companies.
 
“There are a significant number of western oil services companies looking for opportunities across Africa, which is mirrored in demand for expertise and skills in sectors as varied as harbour services, aviation, seismic testing, heavy lifting, logistics and infrastructure,” he said.
 
“In countries in eastern Africa, there are a number of huge projects under way, driving demand for many services, which Scottish oil services companies are expert in providing, and there is a lot of vying for position to sell skills through joint-venture vehicles.”
 
Frazer Lang, managing director of Scotland Africa Business Exchange, an independent consultancy, said: “Governments across Africa have recognised that changes in attitudes and perception are vital for attracting the expertise needed to realise the continent’s potential.
 
“It is becoming increasingly clear to governments on the continent that if they want to attract new companies to their oil and gas sectors in these challenging times, they must offer an attractive environment for business.”

Source : www.thetimes.co.uk
Featured Companies
  • GULF WELL SOLUTIONS
  • SKYTRADE GLOBAL ENTERPRISES LTD
  • /
  • MAVI DENIZ CEVRE HIZ A.S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  •  SS Gas Lab Asia is a reputed engineering company, engaged in manufacturing of carbon dioxide gas plants, hydrogen gas plants, nitrogen dioxide gas plants, CO2 storage tanks, CO2 transportation tankers and dry ice plants.
  • GLOBE GAS specialises in Multi Cylinder installation, Pipeline Installation, LPG Tank (Bulk) Installation, Designing Kitchen Layout etc.
  •  BMC China Exhibition Co., Ltd is the wholly-owned subsidiary of German Enerxy AG Group
  •  TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • The trusted source for all your heavy  equipment needs!
  • Kenya Engineer is a Journal of the Institution of the Engineers of Kenya
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Hevt Duty Machinery
  • We offers high quality, Competitive price and satisfied service always
  •  EuropCorr is a company specialized in design, manufacturing, sales and consultancy of corrosion monitoring systems mainly for petrochemical, oil and gas industry.
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  •  Ugur Seluloz Kimya A.S. is a leading Sodium Carboxymethyl Cellulose & Polyanionic Cellulose manufacturer, located in Turkey.
  • A world leading name in Heat Transfer Technology
  • Used Machinery
  • Industrial  machinery
  • Leading manufactures and expoters of the electronic products
  • Manufacturer of heavy duty machinery
  •  ABL Machine Tools, One of the group companies of ABL India is India
  • We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards
  • Al Hosni Group International, has the experience and expertise in Construction, Manufacturing, Marketing, Hospitality, Chemicals, Gas services and environmental projects.
  • Mini plants of toilet paper rolls production
  • Aygaz is the only fully integrated LPG company in Turkey, operating in all LPG processes, including production, procurement, storage and filling
  •  Portwest is a global vertical company with over 100 years of experience in the design, manufacture and supply of protective clothing, safety footwear, specialist gloves and PPE to resellers and distributors at the most competitive prices.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2026 Afrotrade