Insight
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.
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
-
Elsewhere in Africa
- FLNG returning to the agenda
- Frontier exploration will continue
- Hydrocarbon law in Libya will be delayed
- Nigeria - PIB impasse continues
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