| |
0 Pages

Sub-Saharan Africa Upstream: 2015 in review

Sub-Saharan Africa Upstream: 2015 in review

Report summary

The Sub-Saharan Africa upstream sector suffered from the low oil price in 2015. Total capital expenditure fell by US$8bn from 2014 and there were only two projects sanctioned. Many key deepwater projects were deferred in 2015 including Cameia in Angola and Bonga South West in Nigeria.

Exploration was reduced across the board: E&A well drilling fell by 42% to a 10 year low and licensing rounds were met with a subdued response. In terms of M&A activity, there were a similar number of deals made in 2015 compared to 2014 however total M&A spend decreased by 67%.

Despite cutbacks in investment, both liquids and gas production increased from 2014, due to high investment levels from 2010 to 2014. A bright spot in the region were the development of several FLNG projects. Cameroon FLNG reached FID in 2015 with both Coral FLNG and Fortuna FLNG expected in 2016.  

What's included?

This report includes 2 file(s)

  • SSA 2015 in review.pdf PDF - 2.01 MB
  • Sub Sahara Africa Upstream 2015 in review.xls XLS - 340.00 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Upstream development
  • M&A
  • Drilling
  • FLNG makes headway in Africa
  • Fiscal
  • Production
  • Licensing
  • Politics
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.