PUBLICATION

Oil and Gas Investor

AUTHORS

Gabrielle Morin, Sarah Hussaini, Karim El Badrawy

East Africa Oil & Gas 2012 OGI Release

November 05, 2012

East Africa is not the first region in the world that comes to mind when one thinks of energy production. Oil producing giants Nigeria and Angola, means Africa’s western coast is far better known for its energy-producing prowess than its eastern counterpart. Nevertheless, with discoveries of significant proportions taking place along the continent’s eastern coast, it appears that the region may be clawing back some investor appeal from the global hydrocarbon community.

However, in spite of the recent success of companies in the basin, there are number of challenges which stand in the way of the region realizing its true potential. Indeed, while total gas reserves have continued to increase, the means by which to extract this natural wealth remains unclear. Transforming this resource into a commercially viable commodity will require the input of wide array of industry professionals ranging from E&Ps to consultancies. Every company, large and small, will have to play role in the development of the region. Only then will the Rovuma Basin emerge as the energy powerhouse it deserves to be.

RELATED INTERVIEWS MORE INTERVIEWS

"The energy transition can only be funded by big oil, as they are the only players who can balance the low returns of renewables projects with their high earning fossil fuel projects."
Petromar speaks of the outlook for Angola’s oil and gas service industry for the next two years.
ENI updates GBR on the progress of its operations across Sub-Saharan Africa.
Grupo Videre looks at the massive LNG developments in Northern Mozambique from the perspective of a service company.

RECENT PUBLICATIONS

Latin America Chemical Week Report 2024

The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.

MORE PREVIOUSLY PUBLISHED

MACIG

"Zambia indeed deterred many investors due to multiple policy shifts in the mining tax regime that showed no consistency. However, since 2021 and with a new government in place, we have seen more stability as well as investor-friendly policies."

SUBSCRIBE TO OUR NEWSLETTER