M a r k e t N e w s

UK oil firms keen to expand in East Africa

Posted on : Thursday , 28th August 2014

 Based on a survey conducted by the Bank of Scotland, UK oil and gas companies are keen on expanding international operations with East Africa emerging as a prime area

The survey was conducted across 100 UK-based oil and gas firms and the report stated that international income will amount to 44 per cent of the annual turnover of these firms. 
Of the 100 companies surveyed, 64 cited overseas expansion as their top priority. East Africa was the primary target area for 21 firms and Kenya, Tanzania & Uganda were the preferred destination for 18 companies, the survey revealed.

According to reports, several British firms are exploring sites in East Africa for oil and gas exploration.

The Wall Street Journal recently reported that the UK's Genel Energy with White Rose Energy ventures acquired a 15 per cent working interest in Blocks 38 and 39 offshore Angola, in the Kwanza basin. The targeted area is 14,000 sq km, with water depths of up to 2,500 metres.

"This transaction provides a rare opportunity to enter into a low risk, multi-billion barrel resource play. It fits with our stated strategy of securing high quality exploration opportunities targeting very material resources, and further enhances the opportunity to add significant shareholder value through the drill bit in East Africa,” Tony Hayward, CEO of Genel Energy said.

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

Complete List  

Advertisers in previous issue:

  • Multi feedstock batch processing biodiesel equipment
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  •  The Western Group has been in business for over two decades and was set up primarily to service the Oil & Gas Industry Sectors.
  • Save your power bill by instaling servo voltage stabilizer.
  • Catering for the most varied industrial storage requirements.
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Industrial  machinery
  • Air Conditioning Hire
  •  Global Air Freight Solutions For Oil & Gas Shipments
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  •  TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • Al Hosni Group International, has the experience and expertise in Construction, Manufacturing, Marketing, Hospitality, Chemicals, Gas services and environmental projects.
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Kenya Engineer is a Journal of the Institution of the Engineers of Kenya
  • Mini plants of toilet paper rolls production
  • REGO GmbH is the Rego Distribution Center located in Central Germany.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Specialty and Custom Chemicals Exhibition
  • Aygaz is the only fully integrated LPG company in Turkey, operating in all LPG processes, including production, procurement, storage and filling
  •  ABL Machine Tools, One of the group companies of ABL India is India
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • A world leading name in Heat Transfer Technology
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • All type conveyor belts for internal & external location tapis roulant de tout genre pous deplacement a l
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade