Insight
Sub-Saharan Africa upstream: 2024 in review
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In 2024, Sub-Saharan Africa’s production growth was steady. The region’s oil and gas output posted a 5% increase, driven by Sangomar start-up and a recovery in Nigeria. M&A spend nearly doubled with US$6 billion of assets traded. Investment declined marginally despite increased development drilling activity. Floating LNG developments gained momentum with Eni and BP achieving significant start-ups at Congo FLNG and GTA in Senegal/Mauritania. It was an active year for acreage capture with 120,000 square kilometres of acreage acquired. Fiscal reforms were undertaken across the region to encourage interest, especially in mature areas.
Table of contents
- 2024 in review - a global upstream series
Tables and charts
This report includes the following images and tables:
- Sub-Saharan Africa capital investment in 2024
What's included
This report contains:
Other reports you may be interested in
Insight
Latin America upstream: 2024 in review
A recap of Latin America’s most important upstream trends in 2024.
$1,350
Country Report
Angola upstream summary
Sub-Saharan Africa's second-largest oil producer is expecting more FIDs and increasing capital investment. Fiscal improvements have helped.
$11,340
Asset Report
Libertador-Atacapi
This analysis includes the Atacapi, and the LIbertador sub-structures: Pichincha-Carabobo, Secoya, Shuara, and Shushuqui. The Atacapi ...
$3,720
