PUBLICATION
Global Business Reports
Sub-Saharan Africa Oil & Gas Handbook
October 20, 2015
Sub-Saharan Africa is home to long established hydrocarbon-producing countries, including Angola and Nigeria, as well as exciting new discoveries of onshore and offshore oil and gas, most notably the gas finds in the Rovuma Basin off the coast of Mozambique. Given the lack of infrastructure, regulatory challenges, and shifting paradigms governing policy and national oil companies, Africa's oil and gas sector remains significantly under-explored. The Sub-Saharan Africa Oil and Gas Handbook, however, seeks to guide the global oil and gas and investment community through the challenges and opportunities across different jurisdictions and to highlight those governments who welcome their investment.
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"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."
"Every oilfield declines without continued investment, so new owners must push hard to restore and increase output. This means significant opportunities for contractors like us in the form of asset upgrades and new projects."
Petromar speaks of the outlook for Angola’s oil and gas service industry for the next two years.
"While in other markets, SPIE often primarily provides technical assistance and workforce supply, our Nigerian operations have evolved into a fully integrated service provider."
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