Are the Majors transitioning out of Sub-Saharan Africa?

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20 August 2020

Are the Majors transitioning out of Sub-Saharan Africa?

Report summary

The Majors are positioning themselves for the energy transition. This means cutting back on oil investments and slimming down upstream portfolios to meet bold emissions targets. Traditional deepwater oil projects have given way to gas and Sub-Saharan Big Oil looks ripe for portfolio rationalisation. Mature low-value assets are obvious divestment candidates but emissions and costs will influence bigger sales. But who might be the buyers and can they step into the Major's shoes?

Table of contents

  • Executive Summary
  • A Major transition for Sub-Saharan Africa?
  • Which assets are at risk?
  • Emissions: time to walk the walk
  • SSA: a high-cost region in a low-price world
  • The multi-billion dollar question: who's going to buy?
  • Should governments be worried?

Tables and charts

This report includes 9 images and tables including:

  • Majors' production change 2020 - 2030
  • NPV10 by super-region
  • The Majors in Africa
  • Country maturity and NPV10
  • Majors' emissions intensity by country 2020-2030
  • The Majors' SSA cash flows
  • Unit operating costs in SSA by company
  • Other key players in Sub-Saharan Africa by NPV10
  • Sub-Saharan Africa's potential buyers

What's included

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    Are the Majors transitioning out of Sub-Saharan Africa?

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