Insight

Sub-Saharan Africa Upstream: 2014 in review

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Report summary

In a year of mixed fortunes, Sub-Saharan Africa once again proved its value; it accounted for 75% of global commercial discoveries and 33% of global liquids by volume. Explorers Cairn Energy, Cobalt and Eni had very good years. Harsh fiscal terms and political uncertainty dampened appetite for new acreage while the oil price crash, which began to bite late in the year, will continue to have an impact on projects yet to take FID.

What's included

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  • Document

    Sub-Saharan Africa Upstream 2014 in review.pdf

    PDF 1.06 MB

Table of contents

    • Production: liquids increased by 4.5% and gas by 16%
    • Development: Eni, Anadarko among winners, but pre-sanction projects threatened by oil price crash
    • Corporate: majors continued asset disposals
    • Fiscal: a more varied approach to fiscal change
    • Exploration: Sub Saharan Africa proves its worth
    • Licensing and Entry: licence rounds fell short of expectations

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