Cape industry expo highlights how Operation Phakisa boosts offshore oil & gas opportunities
With signs of renewed momentum in the Government’s oceanic economy initiative, Operation Phakisa, local industry attention is focusing on offshore oil, gas, energy and related maritime opportunities opening up along South Africa’s extensive coastline. Two major co-located trade exhibitions – Oil & Gas Africa 2016 and Maritime & Offshore Marine Africa 2016 – provide a perfect platform to showcase products and services, and build business networks in these sectors.
“These two exhibitions provide an effective, versatile networking platform and product showcase for all companies and stakeholders exploring business opportunities through the South African Government’s Operation Phakisa initiative,” said show organiser John Thomson. “Operation Phakisa aims to leverage multiple opportunities from South Africa’s strategic global location and extensive coastline. Its potential value has been estimated at R177bn (US$12.6bn) by 2033, and more than 130,000 jobs will be created.”
More than nine billion rand will be invested in the Saldanha Bay industrial development zone in the Western Cape to develop it as an oil and gas hub, including oil rig repair and support vessel maintenance facilities. In addition, the R660mn Burgan fuel storage facility in the port of Cape Town has been approved and construction is underway.
Laura Peinke, a business leader at the Saldanha Bay Industrial Development Zone, observed that Operation Phakisa was contributing to the major infrastructure upgrades carried out by Transnet at all ports in the country. For his part, John Thomson noted, “Operation Phakisa’s offshore oil and gas exploration Focus Group envisages drilling 30 exploration wells over the next 10 years, with eventual production estimated at 370,000 barrels of oil per day. The Minerals and Petroleum Development Amendment Bill, designed to accelerate offshore oil and gas exploration and development, is currently before parliament for promulgation.”
Now in its seventh year, Oil & Gas Africa is the largest and only supply chain and engineering exhibition covering the Afro-centric oil, gas and energy industry.
“Oil & Gas Africa 2016 provides the ideal project intelligence networking venue for project operators and ancillary suppliers to explore business opportunities,” said Thomson. “The biennial CIS event is also a valuable portal for African companies to pursue business opportunities in the Western Cape, as well as new emerging markets in sub-Saharan Africa.”
The Maritime & Offshore Marine Africa Expo and the Oil & Gas Africa Expo are co-located with the Cape Logistics expo, the Refrigeration and Airconditioning Expo and the Empowertec Cape SME Expo to form part of the five-in-one Cape Industries Showcase (CIS) held at the Cape Town International Convention Centre, from 13-15 July 2016. Previously, in 2014, CIS attracted exhibitors from 13 countries and visitors from 29 countries.