Private businesses are seeking to tap the expected opportunities in the
lucrative oil industry following confirmation of commercial deposits in
Turkana. Photo/STEPHEN MUDIARI
By Neville Otuki
In Summary
- Energy sector companies met in Nairobi on Wednesday to analyse the oil landscape in a bid to identify avenues for doing business with drilling firms.
- Upstream Oil and Gas, which organised the breakfast meeting on Thursday, plans to hold a two-day oil and gas expo in Nairobi next month in partnership with Base Titanium Kenya, Techno Construct, Crown Paints and Hempel.
Private businesses are seeking to tap the
expected opportunities in the lucrative oil industry following
confirmation of commercial deposits in Turkana.
Energy sector companies met in Nairobi on Wednesday to analyse the oil landscape in a bid to identify avenues for doing business with drilling firms.
“Exploitation of oil in the country presents immense opportunities to local companies,” Upstream Oil and Gas chief executive Joe Watson Gakuo on Thursday.
The consultancy, which organised the breakfast meeting on Thursday, plans to hold a two-day oil and gas expo in Nairobi next month in partnership with Base Titanium Kenya, Techno Construct, Crown Paints and Hempel.
National Oil Corporation of Kenya identifies slightly more than 10 registered oilfield contractors — including US-based Halliburton, the world’s second-largest oilfield services company, which was linked to the 2010 Gulf of Mexico oil spill.
At present, there are about 46 licensed oil exploration blocks in Kenya with the number set to grow to 54 by the end of the year, pending the gazettement of eight more in line with the revised Petroleum Exploration and Production Act.
“A lot of focus has been on the downstream part of oil exploitation, but there is a whole lot of opportunities upstream as well,” Nock upstream general manager Kivuti Nyagah during the meeting.
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