Insight
Sub Saharan Africa upstream: 5 things to look for in 2024
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Report summary
Sub Saharan Africa's upstream sector is firing on all cylinders. We look ahead to the key themes to watch in 2024. Namibia's Orange basin will again take the exploration centre stage with several big wells, but where else will key wells be drilled? Where is upstream investment going? Can Nigeria and Angola maintain oil production? What big new gas projects will be approved for development? Where are the M&A hotspots and what type of assets will hit the market?
Table of contents
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Executive summary
- 1. Deepwater exploration: the Orange basin bonanza and more
- 2. We expect upstream capex to reach US$20 billion in 2024
- 3. Liquids production will remain flat despite pockets of new development
- 4. Gas and FLNG key projects to deliver growth
- 5. Portfolio rebalancing to drive M&A
- What to look for in 2024 – a regional upstream series
Tables and charts
This report includes the following images and tables:
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Wells to watchLiquids production year-on-year change in 2024Gas production year-on-year change in 2024
What's included
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