Assessment of undiscovered oil and gas resources of the seychelles province, east africa by michael e. Local content in oil and gas industry research papers. Geological survey estimated mean volumes of undiscovered, technically recoverable conventional oil and gas resources for the seychelles rifts assessment unit in the seychelles province. Key countries and opportunities in africas oil and gas. Geo expro oil and gas challenges and opportunities in africa. Since the collapse of the price of oil in june 2014, transactions within the oil sector have in fact increased across africa, with upstream deals rising. Africas premier report on the oil, gas and energy landscape. View local content in oil and gas industry research papers on academia. The east african rift basin system is one of the last of the great rift basins to be explored. We support the oil and gas industry across the entire spectrum of operations, delivering. List of oil exploration and production companies wikipedia.
Chinese imports the information in table 1 is indicative of chinas increasing activities around oil in africa. It is worth remembering that this success comes after six decades of unsuccessful exploration. The content is based on information current to 1 j anuary2017, unless otherwise indicated in the text of the chapter. The multiplicity of factors that influence the directions of the petroleum production chain is huge, making the task of preparing strategies and action plans.
These include a study of the impact of the oil and gas discovery on communities in the western region of ghana, an analysis of the oil and gas policies of ghana from a gender perspective, and finally an assessment of the existing literature on the impact of the discovery and exploration of oil on local communities in the developing world and. Oil, energy poverty and resource dependence in west africa. Issues paper for discussion at the subsaharan african tripartite workshop on occupational safety and health in the oil and gas industry maputo, mozambique, 17. However, in 2004 china began to explore and strike up deals with these countries. Pdf oil exploration and production in subsaharan africa, 1990. The oil and gas industry natural resource governance. Debate is however mounting over what effect the new oil and gas discoveries would have on east africa, given the trajectory of older oil producing countries in africa, particularly angola. Africa oil holds extensive exploration acreage in this exciting new worldclass exploration play fairway.
The content is based on information current to 1 january 20, unless otherwise indicated in the text of the chapter. Tips to succeed in the oil and gas business in africa. The crisis has also encouraged more cooperation among different types of oil companies. Offshore west africa oil and gas map provides information about fields and reserves onstream offshore west africa by sector. We offer peerless perspectives and insights on policy issues and technical innovation in the african oil and gas industry. Despite the downturn in oil prices, exploration for oil and gas has continued in africa, although with a concentration on the lowhanging fruit represented by low risk wells in areas of existing production that would yield rapid results. The oil and gas finds in mozambique had the potential. North africa has vast oil and natural gas deposits, the sahara holds the most strategic nuclear ore, and resources such as coltan, gold, and copper, among many others, are abundant on the continent. Pages in category oil and gas companies of south africa the following 8 pages are in this category, out of 8 total. Subsequent oil and natural gas discoveries in the region. Sep 18, 2015 eight years on, with the oil price halved to below usd50 a barrel, the enthusiasm of those early days looks a little optimistic. In the public sector, governments and intergovernmental organisations have drawn out long.
Today, there has been a series of oil and gas discoveries in several east african countries, including kenya, madagascar, mozambique, tanzania and uganda. Almost half of these blocks are open, subject to force majeure or in the application phase. The west african republic of ghana is one of africa s new oil and gas producing nations. Assessment of undiscovered oil and gas resources of the. Nigeria and angola, face ageing oilfields and a lack. Acknowledgements pwc africa would like to thank all of the participants who. Oil gas africa african upstream and downstream oil industry. The third major type of petroleum agreement is the service contract sc model. While there have been significant successes in oil and gas exploration in africa, the overall pace of oil and gas investment still lags behind other destinations. Opportunities for gas in subsaharan africa subsaharan. Algerias sonatrach has identified technology as a key focus in its 2030 strategy. East africa regional cooperation in oil and gas 1 east african community, 2000, the treaty for the establishment of the east african community, pp. The global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 7 countries and also provides a directory of ey oil and gas tax and legal contacts. The following is a list of notable companies in the petroleum industry that are engaged in petroleum exploration and production.
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. In 2003 china did not import oil from cote divoire, ethiopia or morocco. More than 80% of the 1 300 blocks in north africa are licensed, while in subsaharan africa it is estimated. 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. Strong production increases in the americas and middle east will offset falling production in asia and africa, leading global crude supply to grow at 0. 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.
The oil and gas industry currently faces the greatest environmental, health and safety challenges in its entire history erm is a leading global provider of integrated environmental, health, safety, risk and social consulting and sustainabilityrelated services. More than 80% of the 1 300 blocks in north africa are licensed, while in subsaharan africa. Now that we have looked at the basics of the oil and gas business, how it works and the hottest selling products in the market, its time for a few tips to help you succeed. 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. This list does not include companies only involved in refining and marketing. Key countries and opportunities in africas oil and gas industry. Since the first discoveries of crude oil and gas in africa in 1957 and 1958 in gabon, nigeria, and algeria, petrol companies have almost exclusively focused on the maghreb and the states that comprise the gulf of guinea. Sep 18, 2017 egypt daily oil production of 582,000 barrels is the fourth highest among the oil producing countries in africa, and it is the has the 27th highest oil output in the world. Oil and gas challenges and opportunities in africa. Economies have slowly recovered and africa s gross domestic product gdp growth is expected to accelerate to 4 per cent in 2019, 5 providing grounds for cautious optimism. China was the largest crude oil importer from sub saharan africa in 2012, followed by the united states.
The prospects for natural gas in the region are not just dependent on displacing oil in the generation mix. Table 2 outlines the consumption of electricity per head in the region. Offshore west africa oil and gas activity map to 2022 shows current and future oil and gas field developments offshore west africa, including. At pwc, we have watched these industry developments and analysed the effects from the perspective of how they will impact our clients. The list is in alphabetical order by continent and then by country. Africa oil or the company is pleased to announce that heads of terms agreements with the government of kenya and joint venture partners, africa oil, tullow oil plc and total s. Occupational safety and health in the oil and gas industry in selected subsaharan african countries. Request pdf oil and gas in africa 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. Introduction a s sustainability has moved up the agenda across the globe, politicians, investors, corporates, and multinational funding bodies have taken note. At the end of 2016, africa had proven natural gas reserves of 503. The offshore west africa oil and gas activity map provides a comprehensive market overview, which provides information about capital expenditure by country, by operator and by sector.
Global downstream oil and gas outlook to 2035 mckinsey. 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. It is well known that the level of electrification in subsaharan africa is very low. The oil and gas industry often refers to the concept of a value chain to describe the steps in the process get the oil out of the. Oil exploration in west africa inn investing news network. However, according to the iea,consumption in africa is expected to rise 3. The global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 74 countries and also provides a directory of ey oil and gas tax contacts. 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. 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. Three years later, a crash in oil prices changed that upbeat narrative with a devastating economic blow to african oil producing nations. Egypt daily oil production of 582,000 barrels is the fourth highest among the oil producing countries in africa, and it is the has the 27th highest oil output in the world. Pdf the exploration and production of oil and gas continue to be vigorously pursued by african states and international corporationsboth. The african banks, chiefly nigerian and south african, are also playing an increasing role.
What remained unchanged throughout the period is the potential of the african oil. While every care is taken in the collection and compilation of data, the survey is interpretative and indicative, not conclusive. Meanwhile, refining distillation capacity will grow by 1. The state of oil and gas in east africa f or african oil and gas markets, the last few years have been turbulent. East africa is widely seen as the newly emerging hydrocarbon province of the 21st century. Transporting oil and gas by pipeline is generally cheaper than transporting it by rail or truck. Oil and gas tax guide for africa 2017 3 over the past few years, the global economic downturn in the oil and gas industry has had negative effects that have been felt by many. Oil exploration and production in africa since 2014.
T he discovery of oil off the coast of ghana in 2007 and subsequent hydrocarbon finds in uganda, kenya, tanzania and mozambique sparked an exuberant international response, with oil and gas investors and companies initially flocking to what many saw as a new frontier for the energy industry the excitement was understandable. Egypt is the largest nonopec oil producer in africa, and it is a major transit route for oil shipped from the persian gulf to europe and the usa. Top 20 oil producing countries in africa african vault. The oil and gas council was founded in africa we have built over a decade of business experience in subsaharan africa, and have built trusted relationships with key government officials and leading regional and serve more than 4000 members in more than 800 african companies no other international network has the level of depth and local knowledge than the council in africa. Occupational safety and health in the oil and gas industry. West africa oil and gas market 20172022 analysis growth. Angola is the second leading exporter of crude to china and accounted for 15% of chinas crude oil imports in 2012. The downstream sector is relatively more developed as the networks for marketing and distribution of petroleum products has been built over time. We have built over a decade of business experience in subsaharan africa, and have built trusted relationships with key government officials and leading regional and serve more than 4000 members in more than 800 african companies.