Petroleum Africa
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Monday, March 23, 2015
While Scotland may seem like a long way from East Africa, business relationships between the two are growing. Scottish oil and gas exports to Africa have increased rapidly over the last half decade, passing £2.3billion in 2012/13. This week, Scottish Development International (SDI), the specialist inward investment and export trade arm of the Scottish Government, is leading twelve companies from the Scottish Oil and Gas sector to Mozambique and Tanzania as part of a trade mission to develop international partnerships.
East Africa is a new market for Scottish oil and gas companies and SDI has identified many opportunities in the area. East Africa has some of the largest offshore gas fields in the world, and is poised to become a cornerstone of the global market. According to the International Energy Agency, Sub-Saharan Africa will produce about 175 bcm per year of natural gas by 2040, with Tanzania and Mozambique playing a major role in this growth (IEA).
As the volume of oil and gas discoveries in the region continues to grow, there remains a significant hurdle to overcome in making sure the right skills and infrastructure are in place to extract the reserves safely and efficiently. Scottish companies are well placed to provide this support and this week’s delegation hopes to explore opportunities to do so. Scotland’s oil and gas expertise has been built up over 40 years in one of the world’s most demanding environments– the North Sea. This has led to a world-leading reputation in the sector – with the Scottish supply chain now active in more than 100 countries across the globe.
The falling oil price has impacted North Sea oil production over the last nine months, as it has done globally. However, a strong part of Scotland’s growth strategy is to support companies within the oil and gas sector at home, and to export their skills and expertise abroad. SDI plays an instrumental role in enabling Scottish companies to do this and it has identified Tanzania and Mozambique as key markets to explore. Scotland’s extensive experience in the North Sea puts it in a unique position to provide world-class training that will bridge the gaps in knowledge and expertise in the East African markets, and support the local industry in its global development.
More information on SDI’s international activity can be found here.
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