Organised by the multinational exhibition firm Expogroup, the exhibition brings together national and international experts in the oil and gas industry to exchange views and share knowledge, expertise and experiences.
Speaking ahead of the event, Expogroup Regional Manager Lawrence Kuria said there was need for continued engagement that will see more local investors venture into the oil and gas sector.
The event aims to explore areas of growth in petroleum technology, exploration, drilling, production and processing, refining, pipeline, petroleum trade, information technology, safety and health.
“At the stage we are in Kenya, it’s just exploration and whoever is carrying out the exploration is not a local person but a foreigner. But when this will be through and we start producing oil, of course we will need a lot of knowledge to be able to manage and handle that capacity,” Kuria said.
In January this year, exploration firm Tullow Oil plc announced two separate oil discoveries in Block 10BB in Turkana.
This increased the oil discoveries in the South Lokichar Basin to 600 million barrels, with the overall potential of the basin being in excess of one billion barrels of oil.
“As exploration continues, to develop the oil sector, we need to see more local investors partner with these foreign people and see how we will be able to manage the capacity of the oil production,” he added.
The ExpoGroup will simultaneously hold the 17th edition of the AutoExpo Africa 2017 at KICC.
“The show will provide exhibitors with an opportunity and platform to meet existing and new customers, interact with distributors and suppliers and gain competitive insight of the market,” Expogroup Exhibition Manager Neville Trindade noted.
In the past two years, the automobile market has entered into top gear with leading car makers like Audi, BMW, Mercedes and Nissan opening showrooms in Nairobi.