2017 operating costs in Sub Saharan Africa have been cut by more than US$2.4 billion since the oil price fall. Cheaper services optimisation and deferred project start ups have helped realise savings in a US$50/bbl world. However stubbornly high labour and logistical costs and the shift from capital investment to field maintenance have increased the per barrel operating cost in some countries. Production is down from our pre price crash forecast and only three projects reached FID in the last three years. With exploration at historic lows and Pre FID projects still requiring lower costs Sub Saharan Africa is not out of the woods yet.