Africa - events to watch in 2014

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Report summary

Africa's petroleum sector continues to offer numerous world-class investment opportunities across its resource themes. Despite the above ground challenges, the region accounted for over 15% of global exploration spend and more than 10% of development spend in 2013. We expect these investment levels will be maintained during 2014. Wood Mackenzie's Africa research team presents its outlook on key industry events that will shape 2014.

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    Africa - events to watch in 2014

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Table of contents

  • Libya/South Sudan - political crises will continue to hamper production
  • Angola/Gabon pre-salt enters top gear
  • The Ogo discovery will bolster interest in the Keta-Togo-Benin Basin
  • Egypt - New gas pricing agreement will be negotiated
  • FID will be taken on key deepwater projects
  • Majors' divestment campaign - operatorship remains a sticking point
  • Outcome of elections will dictate the pace of activity, particularly in East Africa
  • Licensing rounds - appetite from industry depends on who is serving
    • FLNG returning to the agenda
    • Frontier exploration will continue
    • Hydrocarbon law in Libya will be delayed
    • Nigeria - PIB impasse continues

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  • Africa - events to watch in 2014: Image 1

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