Posts Tagged ‘Horn Africa’

East Africa’s Hydrocarbons: Rising Interest, Growing Business Opportunities

Smaller exploration companies take a chance on East Africa’s under-explored areas, but Tullow’s successful exploration in Uganda is now drawing big oil firms to the region. Even if missing out on oil finds, Kenya still stands to benefit from the sector’s development.

Global Pacific and Partner’s East Africa Petroleum Week in Nairobi on 11 and 12 May 2010 was well attended: Tullow’s exploration success in Uganda has put East Africa, previously marginal territory, on the map and there is clearly rising interest in the region: One speaker it interests in Kenya commented that East Africa has ‘excellent hydrocarbons potential … and we are keen to lock up acreage positions before the industry starts recognising the potential.’ Read the rest of this entry »