The Majors dominate the corporate picture in Sub-Sahara Africa and continue to lead the way in capital investment; smaller players have had more success in exploration, and have strong positions in new frontiers. There are many farm-in deals available as companies reduce their exposure to new licences, while East African gas and Nigerian onshore assets will also be a focus for M&A.
Table of contents
Majors and NOCs still dominate the corporate picture
Major’s also dominate production
Longer term investment required to maintain production