Insight
Sub-Saharan Africa upstream: 2023 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
This annual review looks back to the key 2023 events, trends and statistics in exploration, production, investment, M&A, licensing and geopolitics across Sub-Saharan Africa. Maintaining and boosting production was a highlight. The region’s oil and gas output posted a strong 5% increase, contributed mainly by Nigeria with a 10% year-on-year growth. Capex increased for the third year in a row. Spend on development drilling doubled that of 2021, underpinned by deepwater developments in West Africa and onshore drilling in Uganda.
Table of contents
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Executive summary
- 2023 in review – a global upstream series
Tables and charts
This report includes the following images and tables:
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Sub-Saharan Africa capital investment in 2023
What's included
This report contains:
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