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Sub-Sahara Africa upstream: 5 things to look for in 2017

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Report summary

In 2017 Sub Sahara Africa's first FLNG project will come onstream in Cameroon. Two more projects Coral FLNG and Fortuna FLNG in Mozambique and Equatorial Guinea are expected to take FID. Fresh oil production is expected with the start up of Angola s Block 15/06 NE and the 350 million barrel Moho Nord development in Congo. On the deal front Cobalt International will conclude the sale of Blocks 20 and 21 in Angola and ExxonMobil will buy into Area 4 in Mozambique. Further E&A wells will be drilled in emerging basins in Mauritania and Senegal with Kosmos targeting four billion barrels of oil. ExxonMobil will appraise the Owowo discovery in Nigeria. A change in leadership is on the cards in Angola: President Eduardo dos Santos will step down to be replaced by close associate defence minister João Lourenço. The move ensures political continuity and stability and means little will change in terms of oil industry policy.

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    Sub-Sahara Africa upstream: 5 things to look for in 2017

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  • LNG production by project
  • FOB Breakeven by project
  • Sub-Sahara Africa upstream: 5 things to look for in 2017: Image 3

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