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Opportunities for UK oil and gas companies in Africa
UKTI’s event in Glasgow during the Commonwealth Games highlighted support available to help UK business access export opportunities in east and west Africa.
UK Trade & Investment (UKTI) ran an oil and gas seminar at the British Business House (BBH) in Glasgow during the Commonwealth Games. 80 delegates took part in the seminar, including guests from east and west Africa.
Opportunities in Africa
Nigeria is by far Africa’s largest oil producer and has been a member of the Organization of the Petroleum Exporting Countries (OPEC) since 1971. It has large reserves of natural resources, and many UK companies are already active in the market.
UKTI is targeting the major investment projects and smaller and shallow water fields. The focus is on local independent companies that have recently acquired major Independent Oil Company (IOC) assets. These companies could benefit from UK technologies, capabilities and experience in:
- the upgrade and extension of existing producing assets
- major deep water development
- Floating Production, Storage and Offloading (FPSO)
- subsurface
- new wells
- component supply
- specialist services