Almost 300 participants from x countries participated in the first iPAD Oil and Gas forum, conference and exhibition. The launch of this important event was highly successful, with Soco International being the Platinum sponsor of the event. International companies like CAC International, Dig Oil, Fugro and Oil of DRCongo also participated as sponsors at the event held from the 29 to 30 January, at the Memling Hotel in Kinshasa
Highlight of the two days was the keynote session which was opened by His Excellency Mr Crispin Atama Tabe Mogodi, Minister of Hydrocarbons. Government as well as investors into the sector examined the state of the oil potential in the sedimentary basins of the DRC; investment as well as an update on exploration opportunities and gas exploitation were highlighted. “The forum provided an overview of the legislative framework for the hydrocarbons sector in DRC, “ said Event Director, Nicole Smith, “ the timing of this launch is pivotal – as the new Code will be passed in the DRC parliament in early April.
Importance of governance
Transparency and good governance were high on the forum’s agenda and a session that was dedicated to this issue enabled analysis and discussion. “The oil sector is poised to become a big revenue earner for the DRC and so at the outset, transparency and governance must be made a priority so that all can benefit’, said Smith after the session
The downstream sector was not left out of the proceedings, with a key focus on price structures. Many questions emerged in order to better understand how the fuel price is structured and how prices at the pump are different from one place to another. Storage and logistics were also examined.
Next forum set for October 2013
At the close of iPAD Oil and Gas recommendations were made and a bigger forum to focus on progress made as well as to review regulation is set for October 2013.
Event website: http://oilgas.ipad-africa.com/
For more information, interviews and photographs:
Marketing Manager: Jessica Gamble
Tel. +27 21 700 3572
Fax. +27 21 700 3501