The Upstream and Downstream Expo, is the first ever oil and gas technology event of its kind in the West African sub region that will bring together over 2,000 key industry players and visitors.
The event will be holding at the Transcorp Hilton, Abuja; Nigeria’s most prestigious hotel, and is expected to be hosted by Nigeria’s Federal Ministry of Petroleum Resources and other Governmental Agencies of West African states. It is expected to be declared open by the President of the Federal Republic of Nigeria.
Nigeria at present produces gas for the international market at the NLNG Bonny Island production trains, with two other Liquefied National Gas plants being built at the Brass Island and Olokola.
And the region’s potential is increasingly promising in the world gas market. According to a survey in 2009, Nigeria alone had proven natural gas reserves of 5.24 trillion cubic feet, giving the area one of the top-10 natural gas endowments in the world. This means, it has the potential to generate close to 10 billion U.S dollars yearly from sales of gas alone.
Nigeria and Ghana have a combined crude oil installed refining capacity of about 500,000 barrels per day. In addition, the Nigerian Government has also approved the building of three new refineries in the country, thus, re-enforcing the region as one of the largest markets in Africa.
OPEC World Energy Model, forecast that, world oil demand will rise from 76 million barrels per day in 2000 to 103 million barrels per day in 2020; West Africa region has been targeted as a clear player in the years ahead, especially from the offshore blocks.
Details:
Venue: Transcorp Hilton Hotel
Date: June 21, 2011 to June 23, 2011
Email: info@expowestafrica.com
For more Information, contact: http://www.expowestafrica.com
