{"id":6344,"date":"2017-09-27T10:18:42","date_gmt":"2017-09-27T10:18:42","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=6344"},"modified":"2017-09-27T10:18:42","modified_gmt":"2017-09-27T10:18:42","slug":"bright-future-ugandan-oil-gas-sector-siemens-predicts","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/bright-future-ugandan-oil-gas-sector-siemens-predicts\/","title":{"rendered":"A Bright Future for Ugandan Oil & Gas Sector, Siemens predicts"},"content":{"rendered":"

Oil and gas projects are increasingly complex and the need for an integrated solution is important.<\/p>\n

Uganda has opportunity to kick-start pipeline project with leading digitalization technology and solutions that will have long-term cost and efficiency benefits.<\/p>\n

The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country\u2019s economy annually in the next few years if managed well.<\/p>\n

These sentiments were echoed by speakers and delegates attending the Uganda International Oil & Gas Summit in Kampala Uganda.<\/p>\n

Addressing government officials and delegates, Patrice Laporte, Vice President of Siemens North American Oil & Gas Division, presented a keynote titled \u2018Digitalization in the Oil and Gas Sector.\u2019<\/p>\n

\u201cAs more and more technology per barrel is required, oil and gas projects are becoming increasingly complex and the need for an integrated solution is important. The anticipated positive economic impact in Uganda from the oil and gas sector is indeed promising but the full effect of this will only benefit the country and its citizens through judicious planning and implementation of the proposed pipeline,\u201d said Laporte.<\/p>\n

Siemens is a company that invests for the long term and is optimistic about the long-term fundamentals of the Ugandan market<\/p>\n

Uganda is a new entrant into the oil and gas market. The proposed oil pipeline stretching from Uganda oil fields to the Tanzanian port of Tanga will be the world\u2019s longest electrically heated crude oil pipeline. It is estimated to be one of the most expensive projects to develop upstream, midstream and downstream infrastructure and the country is looking to capitalize on lessons learned in other developing oil & gas markets, as well as from established producers.<\/p>\n

\u201cWith an estimated 6.5 billion barrels of oil and close to 500 billion cubic feet of gas, Uganda is a promising site for exploration. Siemens has a proven track record of delivering fit-for-purpose technical solutions on a large scale in remote locations. This expertise and knowledge can play a decisive role in ensuring the performance and on-time delivery of a key infrastructure project of this magnitude,\u201d added Laporte.<\/p>\n

Siemens is considered one of the technology leaders in the industry because of its full spectrum solutions, products and services. \u201cFor many years Siemens have been supplying industrial automation, power generation and power distribution strengths and experience to the oil and gas industry.\u201d<\/p>\n

\u201cWhat makes this special is that our expertise and technology is not only of benefit at the inception of a project but along the full value chain and throughout the entire lifecycle of an investment. Our innovative technical solutions ensure the sustainability of projects with a key focus on reliability, performance and economic efficiency.\u201d<\/p>\n

\"\"<\/a><\/p>\n

Siemens involvement in the third Uganda International Oil & Gas Summit follows on the back of its participation at\u00a0Future Energy Uganda\u00a0earlier this month as well as the signing of the\u00a0Memorandum of Understanding\u00a0in May this year at the World Economic Forum in South Africa. The company is collaborating with Uganda on a number of fronts related to the country\u2019s immediate and long-term energy and infrastructure ambitions as well as actively investigating the best option to establish a local presence based on business sustainability.<\/p>\n

\u201cSiemens is a company that invests for the long term and is optimistic about the long-term fundamentals of the Ugandan market. We want to support sustainable development \u2013 with solutions and projects in Africa, for Africa and are actively reviewing the requirements for the organization to open an office in Uganda taking into consideration business sustainability,\u201d Sabine Dall\u2019Omo, Siemens CEO for Southern and Eastern Africa recently commented.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Oil and gas projects are increasingly complex and the need for an integrated solution is important. Uganda has opportunity to kick-start pipeline project with leading digitalization technology and solutions that … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[6452,6453,1835,2042,2309,2499,2603,3390,3551],"class_list":["post-6344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-digitalization","tag-future-energy-uganda","tag-oil-and-gas","tag-pipeline","tag-siemens","tag-technology","tag-uganda","tag-uganda-international-oil-gas-summit","tag-world-economic-forum","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/siemens.jpg?fit=600%2C400&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1Ek","jetpack-related-posts":[{"id":6274,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ugandas-president-to-open-3rd-uganda-international-oil-gas-summit\/","url_meta":{"origin":6344,"position":0},"title":"Uganda’s President to Open 3rd Uganda International Oil & Gas Summit","author":"","date":"September 7, 2017","format":false,"excerpt":"His Excellency, President Yoweri K. Museveni has been confirmed to again give the keynote and welcoming address at the 3rd\u00a0Uganda International Oil & Gas Summit (UIOGS to be hosted by the Ministry of Energy and Mineral Development, Uganda, from 27-28 September 2017 at the Hotel Serena, Kampala. 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The two day government led event is expected to provide a platform for the government and State\u2026","rel":"","context":"In "Events"","block_context":{"text":"Events","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/events\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/uganda_3.jpg?fit=280%2C260&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6189,"url":"https:\/\/www.oilnewskenya.com\/index.php\/total-cnooc-lead-sponsors-uganda-international-oil-gas-summit-2017\/","url_meta":{"origin":6344,"position":2},"title":"Total, CNOOC Lead Sponsors at Uganda International Oil & Gas Summit 2017","author":"","date":"August 11, 2017","format":false,"excerpt":"Total and CNOOC Limited have confirmed their support for the 3rd Uganda International Oil & Gas Summit (UIOGS) 2017, partnering as lead sponsors and co-hosts to the event when it returns 27-28th September at the Hotel Serena, Kampala. Hosted in 2016 by President Yoweri K Museveni alongside Hon. 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