Representatives of PKF Malta address EMEA Economic Forum and European Mediterranean Oil and Gas Summit

George Mangion, managing director of PKF Malta, recently addressed the prestigious EMEA Economic Forum and European Mediterranean Oil and Gas Summit. The events were held between 24 and 27 April at The Excelsior Hotel, Malta.

The EMEA Economic Forum was specifically relevant to institutional investment decision-makers, CLevel executives from multi-national, institutional fund decision makers, CEOs, directors and trustees and chief Investment and chief Financial officers.

The European Mediterranean Oil & Gas Summit discussed the geostrategic, commercial, technology and regulatory issues that will shape the management, future development and commercialisation of oil and gas assets and infrastructure in the European Mediterranean region. Government representatives and legal experts had the opportunity to discuss the challenges in energy resource development in the region while exploring the latest innovative technologies and groundbreaking solutions to maximise ROI on hydrocarbon transportation, storage, processing and extraction.

For the past decade PKF Malta has been active in promoting the nascent oil and gas sector in Malta. During this seminar PKF representatives presented a paper discussing developments in upstream exploration during the past 60 years.

It is good to note the recent announcement of government at the last Budget to register a national oil company. Such an announcement could not have come a moment too soon considering recent oil and gas discoveries in the Levant, particularly in offshore waters in Israel, Cyprus and Egypt.