Insight
Sub-Saharan Africa Upstream: 2015 in review
This report is currently unavailable
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.
Table of contents
- Upstream development
- M&A
- Drilling
- FLNG makes headway in Africa
- Fiscal
- Production
- Licensing
- Politics
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Sub-Saharan Africa upstream in brief
The latest stories and trends in the Sub-Saharan Africa upstream sector combined with our expert opinion and analysis.
$1,350
Insight
Upstream Investment Trends in Africa
This insight analyses past, present and future trends in African upstream investment.
$1,350
Insight
MENA upstream in brief
The latest stories and trends in the Middle East and North Africa upstream sector combined with our expert opinion and analysis.
$1,350
