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The Sub-Sahara View - October 2014

The Sub-Sahara View - October 2014

Report summary

October was largely a good month for exploration with potentially significant discoveries in Gabon, Congo and Angola offsetting further disappointment in the WATM. In Nigeria, the financial burden on NPDC may increase following NNPC's decision to pre-empt on OML 25.  Mozambique's election passed off largely without incident although further dialogue is planned whilst fighting near to South Sudan's oil fields is likely to resume.  And the planned Uganda/Kenya pipeline received a funding boost.

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  • Shell spots a Leopard offshore Gabon
  • Eni continues exploration hot streak with shallow water Congo find
  • Angola's Kwanza Basin delivers Repsol's first discovery
  • Anadarko’s unsuccessful wells cast shadow over future WATM exploration
  • NNPC to pre-empt the sale of OML 25
  • Mozambique elections pass peacefully despite opposition rejection of results
  • Fighting likely to intensify around South Sudanese oil fields
  • World Bank pledges funding for the proposed East Africa crude export pipeline
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