More than 80% of the 1 300 blocks in north africa are licensed, while in subsaharan africa. It mandated the ministry of energy and minerals mem to supervise policy, licensing and authorization. The national oil, gas and biofuels agency anpg has announced the postponement of an information session for angolan oil companies on the 2020 licensing round that was scheduled to take place on 25 march. Project financing is crucial to any nations energy sector. Companies have largely adapted to a lowcost environment, which promises to be even more beneficial given the currently recovering oil price. Our report looks to provide an overview of the most notable. The africa report uses cookies to provide you with a quality user experience, measure audience, and provide you with personalized advertising. West africa oil and gas market 20172022 analysis growth. Key countries and opportunities in africas oil and gas industry. Africas economic outlook is promising for 2018, but there. The west african offshore oil and gas industry has a history of exploration of more than 50 years, with international majors and smaller firms having held, and relinquished, licences all along the. The multiplicity of factors that influence the directions of the petroleum production chain is huge, making the task of preparing strategies and action plans. It indicates to its readers where they should go for petroleum opportunities and why.
The department of energy is working hard to ensure accurate, timely and reliable provision of data in its publications and hopes that this report will become a source of reference among energy analysts in south africa and abroad. Top 20 oil producing countries in africa african vault. Almost half of these blocks are open, subject to force majeure or in the application phase. About us africas premier report on the oil, gas and. Insights from the evolving transition scenario africa compound annual growth rate. The recent offshore discovery of oil and gas in senegal showcase the potential of west african offshore region which is largely untapped. With covid19 continuing to dominate the news and conversations in our communities, we want to let you know that africa oil week is still planned to take place on 26 november 2020 in cape town, sa. Based on recent company communication and best estimates, we. Ghana oil and gas market, size, share, outlook and growth. Welcome to the africa oil and gas 2019 industry report, the inaugural edition of a collaborative effort between global busi ness reports gbr and africa oil. This report looks at production and demand figures in all producing regions. Discover broad and deep upstream sector insight that spans 3 million wells, 266 plays, and over 120 companies, supported by 40 years of detailed data. With a heralded series of energy events, aop brings together an elite class of ministers and senior level government officials and top executives of private sector companies spanning the energy value chain. Oil and gas in africa supplement to the african development report oil and gas in africa african development bank and the african union 9 780199 565788 1 isbn 9780199565788 the book, a joint work of the african development bank afdb and the african union au, presents a comprehensive analysis of the oil and gas resources in africa.
Vision 2040 global scenarios for the oil and gas industry. Opec continues to constrain supply even as overall production keeps rising, possibly ahead of consumption in 2020. Refrigeration oil market by oil, application and region global forecast to 2024. This publication covers a broad overview and analysis of the south african energy prices and aims to keep. Assessment of the undiscovered oil and gas of the senegal. Africa, asiapacific, the cis, europe, the middle east, north america and central and south america, for both oil and gas. As highlighted in report relevant issues in the oil and gas industry for 2018 kpmg 2018, changes in oil and gas prices over the last decade show the acceleration, drop and recovery cycle affecting the sectors performance during such period, all of which were fueled by the previously. Analysis and forecast to 2022, gas is identified as having a strong foothold in africa, particularly in egypt, algeria, libya and nigeria where an estimated 90% of gas production originates.
The prospects for natural gas in the region are not just dependent on displacing oil in the generation mix. Vision 2040 global scenarios for the oil and gas industry 5 how to read the study few areas of the economy are as volatile literally and figuratively as the oil and gas sector. Facilitating africa s longterm growth through sustainable finance africa means business, and as a bank fully invested in africa, we own the responsibility of leading the charge towards a sustainable future. This report will be published annually with data and analysis based on the latest south african energy balances. Oil supply includes crude oil, shale oil, oil sands, natural gas liquids, liquid fuels derived from coal and gas, and refinery gains, but excludes biofuels. Report on current developments in the oil and gas industry in africa.
Five years after the world energy outlooks first special report on africa, the international energy agency has updated and expanded its outlook for the continent based on indepth, datarich and countryspecific analysis. Environmental and social impact assessment project report for proposed oil and gas seismic project in block 12a. The report surveys the domestic regulators and government officials attempting to balance the requirements for local content with the need for foreign investment as well as the international companies attempting to capitalize on tanzanias enormous potential. Can africa attract new liquidity sources to its energy projects. Even with sustained high oil prices, it will take time to recover. Despite the fact that trucks have limited holding capacity, they help move oil and gas from production sites to pipelines and other longdistances transporta. All analysis is supported by local source intelligence and driven by our proprietary risk methodology. For the rest of this report we will focus on the 8 countries that we believe to be the largest investment opportunities and oil and gas boomers across africa in the. A survey of the literature on local content policies in the oil and gas industry in east africa chilenye nwapi summary although oil and gas exploration has been going on in east africa for decades, until recently exploration activities grew more slowly compared to other regions in africa. Analysis of the current problems of russias oil and gas industry in the context of the main trends of global oil and.
The postponement is in line with government measures to control the. Compared to the large african petrostates angola and nigeria, ghana remains a small producer in the gulf of guinea with current output at 126 000 barrels of oil per day bopd. We offer peerless perspectives and insights on policy issues and technical innovation in the african oil and gas industry. Bp, shell, chevron, total, and engen are the main players in the. The company is listed on the toronto stock exchange and nasdaq stockholm under the symbol aoi. Ghana oil and gas market, size, share, outlook 2020 to 2026 is a premium market research report focusing on factors driving and challenging the industry, market trends, recent industry developments, key players analysis, market share, size, forecast, segmentation, business profiles of leading companies.
Africas premier report on the oil, gas and energy landscape. The country also has the largest oil and gas reserves in subsaharan africa, with an estimated 37 billion barrels of oil and 188 trillion cubic feet of gas. More than 80% of the 1 300 blocks in north africa are licensed, while in subsaharan africa it is estimated. The central africa oil and gas report t is essential reading for companies currently active in the region, and for those looking to enter the markets of.
Sep 18, 2017 top oil producing countries in africa. At africa oil week we believe in the power of events and the communities they build. We also provide an overview of the industry in africa. By combining our insights and expertise, we present a broad spectrum of innovative sustainable finance solutions and services. About us africas premier report on the oil, gas and energy.
Africa s economic outlook is promising for 2018, but there are clouds on the horizon. To this end, eeg will hold a subsaharan africa policy workshop in dar es salaam. These are the top oil producers in africa, their daily capacity, and world ranking. The report includes an overview of country trends and activities with analysis on key projects. Although pipeline and rail are generally used to transport oil and gas long distances, truck transportation is commonly used to move smaller quantities of oil and gas over shorter distances. On the basis of location, oil and gas epc is divided into onshore facilities and offshore facilities. May 22, 2018 in a recent report released by the international energy agency iea, gas 2017. Central africa oil and gas report emerging markets.
The sector has historically been a primary driver of economic growth and is once again attracting investor interest as international energy prices recover. Second, the tables now report natural gas volumes in terms of a standardized gas at. The energy price report is based on the information collated from government departments, stateownedentities, oil and gas industries. Opportunities for gas in subsaharan africa subsaharan. Oil and gas slowing economic expansion is crimping demand growth for crude oil, although its likely to grow around 1. It gives me a great pleasure to introduce the 2017 edition of the energy price report for south africa. Oil demand includes consumption of all liquid hydrocarbons but excludes biofuels. In gas, falling prices and governance challenges have stalled mozambique and tanzania from. Nigeria is one of africa s largest oil and gas producers, with over two million barrels per day in 20166. Table 2 outlines the consumption of electricity per head in the region. All of the oil and gas company majors are implementing significant cuts to planned capital expenditure for 2020, with suspension of share buybacks also seen across several of the biggest oil and gas companies globally. The west african republic of ghana is one of africa s new oil and gas producing nations.
Find the insight, data and analysis you need to make informed strategic decisions with our upstream oil and gas industry reports at wood mackenzie. Nigeria is one of africas largest oil and gas producers, with over two million barrels per day in 20166. The major market driver for global oil and gas epc market is the increase in demand for oil and gas in countries like india, usa, and china. Realising the potential of the continents natural gas and mineral resources presents another key challenge. Exx africa insight is a specialist intelligence service that delivers accurate, decisionready, and commercially relevant forecasts on african security, political, and economic risk. Central africa oil and gas report introduction the landscape for oil and gas opportunities in central africa is varied and in a state of transition.
This report is based largely on the february 2014 event, the east africas oil and gas boompromise and peril, cohosted by the brookings institution and oxfam america. This report is based largely on the february 2014 event, the east africa s oil and gas boompromise and peril, cohosted by the brookings institution and oxfam america. South africa s upstream oil and natural gas sectors are dominated by the stateowned company petroleum oil and gas corporation of south africa petrosa, while the downstream oil sector is more diversified and includes companies from europe, north america, and asia. It is well known that the level of electrification in subsaharan africa is very low. Summary of weekly petroleum data for the week ending april. First, primary consumption of energy from oil is now reported in tonnes of oil equivalent where one tonne of oil is defined as 10 gcal gigacalories or 41. A look at regional supply of and demand for oil and gas the world over.
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