27 November 2012

Africa: Conserving the Environment a Must for Oil Companies Prospecting in Africa

Members of Parliament today failed to vote on the oil bill, after opposition Mps and some NRM Mps opposed the voting and instead calling for further ... ( Resource: No Vote on Uganda's Oil Bill

Oil companies prospecting for oil and gas in Africa need to ensure the very highest standards in environmental risk management, Tullow Oil's director of exploration, Angus McCoss said recently.

McCoss said minimizing the companies' footprint through genuine consultation, design and technology is a first step.

"The opportunity is clear - we believe that Africa is an under-explored continent for material oil and gas opportunities; but E&P investment must be responsible and begin by recognizing the difficult legacy that our industry has in Africa," he said.

"Having the means to avert an environmental incident and, if necessary, to recover from one is an absolute pre-requisite for any license to operate," McCoss told Petroleum Review, a publication of the UK's Energy Institute.

He added that it was just as important for the oil companies to ensure that the oil resources which belong to nations and not the oil companies are developed responsibly and sustainably.

Tullow has four ongoing exploration campaigns in Africa with the East African Rifts (onshore Kenya, Uganda and Ethiopia) and the East African Transform Margin (offshore Kenya and Mozambique), alongside the West African Transform Margin (offshore Ghana, Côte d'Ivoire, Liberia and Sierra Leone) and the African Central Atlantic Margin (offshore Mauritania and Senegal) being the major exploration areas of interest for the UK-based oil company.

McCoss said the major oil discoveries in the East Africa Rift Basins show that oil is not yet at a global peak and commercial opportunities exist for pioneering explorers in Africa.

"It is my belief that, in the long term, the vast gas resource base being discovered in the East Africa Transform Margin will underpin substantial LNG (Liquefied Natural Gas) facilities which will be a clean energy supply source for growing Asian demand."

He said the consequent East African regional economic transformation requires the cooperation of nations, peoples, industries, companies and stakeholders from all quarters "if we are to realize shared prosperity from this bold exploration enterprise."

Copyright © 2012 The Independent. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.