Major oil discoveries secure a new venture

DSV in place in East Africa: a gateway to service the oil and gas industry

Major oil discoveries_DSV
With more than 50 completed exploratory oil wells, East Africa accounted for almost half the world’s aggregate oil and gas discoveries in 2012. In the past three years, discoveries in Kenya, Uganda, Tanzania and Mozambique have riveted the attention of the global oil and gas industry on this impoverished continent. Much effort has been invested in helping East Africa become more successful in its resource distribution.

"Until a few years ago, the oil extraction industry was less than enthusiastic about this region, but the recent discoveries have spurred a great deal of optimism. It’s important to remember that East Africa is among the poorest, least developed areas in the world. Vast swaths of the population live on less than a dollar a day. The extraction of oil and gas will hopefully give local economies a massive boost and upgrade the highly inadequate infrastructure which are essential prerequisites for developing the resources," says Bjorn Schreurs, Global Development Officer Oil & Gas, DSV, adding:

The multinational oil and gas industry’s presence gives hope for a better life for millions of people

Global and local footprint

Enormous onshore oil finds in Uganda have been matched by similar discoveries in Kenya. Massive deposits of natural gas have been discovered offshore in Tanzania and Mozambique, and each new find attracts keen attention from multinational extraction companies, such as Tullow Oil, China National Offshore Oil Corporation (CNOOC) and Total.

"In recent years, we’ve seen an inrush of the world’s largest players, and with the purchase of Swift Freight last year, including offices in East Africa, DSV now has the local and global footprint required to service the oil and gas industry," Bjorn Schreurs says. He has an extensive local network and familiarity with the industry through his former position as logistics manager for East Africa with Halliburton, the US oil conglomerate.

New vertical

2014 will be the year when DSV will assess the further development in East Africa and possibly take the next step with expanded facilities in the area such as IT systems, trucks, cranes and forklifts.

"This will provide us with the foundation on which to establish an outright Oil & Gas Vertical that can be deployed in all parts of the world where raw materials are extracted," Bjorn Schreurs says.

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