3 Organized by Hyve Group Plc., Africa Oil Week (www.Africa-OilWeek.com) is the premier oil and gas event that promises to bring together major energy stakeholders to celebrate this year’s theme: sustainable growth in a world with low carbon emissions.
4 “Africa Oil Week warmly welcomes HE Abdifatah Abdulkadir Adow Hirshabelle, from the State of Somalia, to this year’s event.
5 Somalia has long been one of Oil Week’s most important partners and we will continue to support the Federal Government in achieving its goals,” said Paul Sinclair, Vice President for Energy and Director of Government Relations for Africa Oil Week. The Somali government is determined to sustainably extract and market its vast oil and gas deposits.
6 The Petroleum Act 2020 passed through the Parliament of the Federal Government of Somalia, in both the upper and lower houses, and was signed by the President of the Federal Republic of Somalia.
7 The new round of licenses for seven blocks has the potential to generate much higher revenues for Somalia and its regions.
8 Exploration of an estimated 30 billion barrels of oil and gas reserves can take three to five years, and only then can production begin.
9 At Africa Oil Week 2022, Somalia will present some of the most compelling data for investors and traders in years.
10 The Somali government will be at Africa Oil Week to exclusively reveal the true scope of the opportunity in Somalia.
11 All operators are encouraged to meet the newly formed government at this exciting and exclusive event.
12 Some opportunities that may be advertised by the Somali State Minister of Petroleum and Mineral Resources may include lucrative business signing bonuses, royalties, revenue sharing and a variety of other opportunities.
14 “Africa Oil Week is dedicated to making the challenges and needs of each country heard on a global stage, as well as providing leaders with the opportunity to network with major energy players to discuss investments and even enter a new market.
16 Register your interest now to play your part in the sustainable development of our industry and of Africa through the African upstream.
17 Attend the conference together with high-level delegates and more than 50 ministers and government leaders: Africa Oil Week 2022 (Africa-OilWeek.com).