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Sub-Saharan Africa upstream in brief

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05 May 2022

Sub-Saharan Africa upstream in brief

Report summary

The Sub-Saharan Africa upstream in brief provides Wood Mackenzie's expert opinion and analysis of the key events impacting the upstream industry in the region. We draw upon our upstream database and data tools to help deepen our clients' understanding of the region. The report primarily focuses on exploration and appraisal drilling, project developments, production, licensing, fiscal and regulatory changes, geopolitics, and corporate and M&A activity.

Table of contents

  • Implications of oil leak at Perenco’s Cap Lopez terminal
  • SPAs signed for Sonangol’s asset sales
  • TotalEnergies announces plans to sell onshore Nigerian assets
  • Seplat report further 9-12 month delay to ANOH project in Nigeria
  • Sonangol's farm down process ignored by major players
  • 2021: A year to forget for Shell and Eni in the Niger Delta
  • Savannah Energy makes renewables entry with 250 MW wind farm in Niger
  • Nigeria’s PIA: It was supposed to end uncertainty, but it hasn’t
  • Angola resource boost for Eni at Ndungu
  • Russia's upstream presence in Sub-Saharan Africa
  • Could Fortuna favour the brave?
  • Eni and bp seal the deal to establish Azule Energy
  • Nigeria and Equatorial Guinea sign Memorandum of Understanding on gas supply
  • Glencore might finally make it out of Chad, Perenco to take over
  • Eni ties back another Angolan field in prolific Block 15/06
  • Out of this world: TotalEnergies makes record-breaking Venus discovery in Namibia
  • Eni revisits FLNG in Congo
  • Fire on Emeraude platform, Congo
  • The Gambia launches licensing round for Block A1
  • Shell makes huge oil discovery offshore Namibia
  • Trinity Spirit FPSO destroyed by explosion and fire
  • Nigeria calls time on 2020 marginal fields bid round
  • Nigeria’s new climate change legislation
  • At long last — FID at Uganda’s Lake Albert oil development
  • NNPC seeks to raise US$5 billion of finance: Shell JV in its sights?
  • Nigerian liquids production fell 12% in 2021
  • TotalEnergies and INPEX high-grade in Angola
  • New Fortress Energy sign MoU with Mauritania for Fast LNG
  • Savannah Energy lands deals in Chad and Cameroon
  • Chevron wraps up more acreage in Equatorial Guinea
  • Eni/Sonangol solar JV sanctions 50 MWp project in Angola
  • Why Uganda is struggling to attract IOCs
  • Production starts on BP’s Platina field in Angola
  • Mozambique offers 16 blocks in its sixth licensing round
  • Eni takes delivery of the Coral Sul FLNG vessel.
  • Tullow pre-empts Kosmos in Ghana
  • Glencore finally agrees to sell its Chad assets to Perenco
  • INPEX exits the Democratic Republic of Congo
  • Oxy sells Ghana assets for US$750 million
  • Sonangol announces bidders in farm down process
  • ExxonMobil to exit its Nigerian shallow water JV
  • TotalEnergies spuds Ondjaba in Angola, the deepest water well ever
  • Eni brings Cabaco North onstream in Angola
  • Angola announces 2020 onshore block awards
  • Tullow exits further exploration licences in SSA
  • Costs for East Africa’s Crude Oil Pipeline jump by over 40%
  • NLNG output at its lowest level in five years
  • BW Energy strikes oil again at Hibiscus North offshore Gabon
  • NPDC to operate OML 11 as appeal court rules against Shell
  • Eni brings Cuica onstream quickly in Angola
  • Assessing Shell's JV divestment plans in Nigeria using our Lens platform
  • Nigeria announces 13% cut in gas-to-power prices
  • At last: more gas for GoFLNG as Perenco commits to new wells
  • Local firms dominate bids in Angola’s onshore licence round
  • Sonangol attempts to sells assets to pay debt
  • QP’s strategic partnership with TotalEnergies deepens
  • Rovuma LNG: unlikely to FID before 2026
  • Savannah Energy in exclusive talks to acquire ExxonMobil’s Chad & Cameroon businesses
  • ExxonMobil exits Deepwater CTP licence, Ghana
  • Landmark deal as partners sign PSC renewal for OML 118, Nigeria
  • Shell to divest onshore Nigeria - the Lens view
  • Gabon calls time on its 12 th licensing round
  • Eni and BP consider merging their Angolan portfolios
  • Togo commissions 65 MW Kékéli Efficient Power
  • South Sudan launches its first licensing round
  • UTM signs Pre-FEED contracts for Nigeria’s first ever FLNG project
  • First production from Total’s Zinia 2, Block 17, Angola
  • Total declares force majeure on Mozambique LNG project
  • Six in a row for Eni on Block 15/06, Angola
  • Qatar Petroleum farms-in to ultra-deepwater blocks offshore Namibia
  • Addax’s licences revoked in Nigeria
  • Has Nigeria's marginal fields bid round run aground?
  • Total suspends construction once more at Mozambique LNG after further attacks
  • BP signs MoU for gas-to-power and rural electrification project in Mauritania
  • Sonangol EP to sell more blocks in Angola
  • Niger switches on 89 MW of oil-fired generation
  • Shell’s Niger Delta divestments
  • Continued freeze on Shell's bank accounts in Nigeria
  • Nigeria’s Escravos-Lagos Pipeline expanded
  • First gas exports from Chevron’s Alen field, Equatorial Guinea
  • Sasol re-sanctions Inhassoro gas development onshore Mozambique
  • LUKOIL push hard for MSGBC position with proposed takeover offer for FAR
  • Panoro Energy acquires Tullow Oil assets in Equatorial Guinea and Gabon
  • NNPC announces FID on $3.5 billion Brass methanol plant
  • Equinor takes a near $1 billion impairment on Tanzania LNG
  • Heirs Holdings acquires 45% of OML 17, Nigeria
  • Pipeline attacks in Nigeria highlight increased security risks in 2021
  • Nine blocks available in Angola’s 2020 onshore bid round
  • 161 companies notified as preferred bidders for 57 Nigerian marginal fields
  • Sasol’s upstream retreat continues as VAALCO ups its stake in Etame Marin, Gabon
  • FAR exits Senegal's Sangomar at substantial discount
  • Tortue project optimised in bid to deliver value, Senegal and Mauritania
  • Shell chases its own leopard offshore South Africa
  • First E&P achieves first oil from OMLs 83 & 85 in Nigeria
  • Luiperd hits the spot for Total in South Africa
  • ExxonMobil signs up for exploration blocks in Angola’s Namibe Basin
  • Tanzania to resume negations with IOCs over delayed LNG project
  • Nigeria's Petroleum Industry Bill is back: first impressions
  • Sudan falls out with its only upstream investors
  • Total signs agreement with Uganda for US$3.5 billion pipeline
  • Kosmos sells off frontier exploration to Shell: the SSA angle
  • Exploration resumes in the region with Total’s Luiperd-1 offshore South Africa
  • ExxonMobil and Equinor exit frontier acreage offshore South Africa
  • Qatar Petroleum enters Angola, farming-in to ultra-deepwater Block 48
  • Woodside pre-empts LUKOIL Sangomar transaction and Senegal's NOC exercises its increased equity option
  • September Vlog
  • Perenco acquires more assets from Total Gabon
  • Cairn exits the Sangomar project in Senegal, selling its stake to Lukoil
  • Chevron brings the Nsinga field onstream in Angola
  • Chevron to acquire Noble Energy – the Sub-Saharan Africa view
  • Mozambique LNG completes US$14.9 billion financing
  • Nigeria’s Ajaokuta-Kaduna-Kano (AKK) gas pipeline to begin construction
  • Spread of cases in the Niger Delta a reminder that coronavirus is far from over
  • Equatorial Guinea’s new petroleum regulations are long on ambition but short on detail
  • After the crash – what’s changed in Africa upstream?
  • Kenya and Uganda 2020 virtual research trip key takeaways
  • Angola 2020 virtual research trip key takeaways
  • CNOOC Ltd elects not to pre-empt Total’s Tullow acquisition in Uganda
  • Nigeria’s on/off indigenous marginal fields round
  • Qatar Petroleum continues to track Total.......this time into Cote d'Ivoire
  • Total cancels its acquisition of Occidental's Ghana portfolio
  • Shell announces its own FID on NLNG T7
  • French succession: Perenco wins tender for Total’s KLL fields in Congo
  • Total acquires Tullow Oil’s entire Uganda portfolio for US$575 million
  • BP invokes Force Majeure on Tortue, Offshore Mauritania and Senegal
  • No project is immune: Mozambique’s Rovuma LNG sanction is postponed
  • The fall-out continues: Nigeria LNG Train 7 delayed
  • Glencore ceasing production in Chad
  • Mozambique’s Rovuma LNG hits FID setback: ExxonMobil withdraws from US$2 billion US export credit agency loan
  • Oil price shock
  • CPC fires-up production on the Benoy field in southern Chad
    • Eni proves up more volumes at Agogo, Angola
    • Kosmos Energy to shun basin-opening oil exploration in response to climate change
    • Azimuth acquires operatorship offshore South Africa
    • Perenco expands its onshore Gabon acreage
    • One billion barrels discovered in Nigeria’s Upper Benue Trough?
    • Congo publishes a flurry of new contracts
    • 2016 bid round awards
    • Ad-hoc awards
    • Mozambique’s insurgency problem: is further military involvement inevitable?
    • Another boost for Angolan exploration as BP re-acquires Block 18
    • Africa Oil Corporation completes Nigeria entry with 50% acquisition of POGBV
    • All go at Angola's Agogo
    • Woodside takes FID on Sangomar, offshore Senegal

Tables and charts

This report includes 94 images and tables including:

  • Crude processing in Gabon (percentage of total production)
  • TotalEnergies net resources - onshore SPDC OMLs
  • Sonangol farm-down awards
  • Eni & Shell net Nigeria oil and gas production 2020 vs 2021
  • Savannah Energy annual net emissions and offsets
  • Block 15/06 West Hub N’Goma FPSO production*
  • Russian upstream value in SSA (US$ million)
  • EG-27 block
  • Azule Energy cashflow by existing portfolio
  • EG LNG feedgas
  • Perenco Net Production 2015-2030
  • Perenco average net unit Opex across its African operations 2015-2022
  • Block 15/06 production by hub
  • Emeraude map
  • Map of Block A1
  • Production by onshore terminal
  • Comparison of Somoil cashflow with transaction
  • Block EG-09 map
  • Block 28 Namibe basin, due west of Caraculo
  • Satellite image of Caraculo
  • SSA Licence round performance since 2018
  • Block 18 production profile
  • Mozambique's sixth licensing round
  • Kosmos Energy cashflow impact
  • Producing blocks upcoming Capex
  • ExxonMobil JV net resources
  • Top 10 exploration wells by depth
  • Location of Baleine discovery
  • Steel Prices in Asia and Europe
  • NLNG utilisation 2020 vs 2021
  • Dussafu Marin (Ruche EEA)
  • Shell JV resources
  • Shell JV production
  • Angola 2020 onshore licence round blocks
  • Sonangol P&P and Sonangol EP combined capex (2021-2025)
  • QP’s net exploration acreage by operator-partner in SSA
  • QP's blocks in South Africa and Namibia
  • Eni and BP’s net remaining value (NPV10 = US$8.7 billion, January 2021)
  • South Sudan 2021 bid round
  • Global FLNG projects economics (12% discount)
  • Block 17 production
  • Net resources discovered by the Majors (2015-2020)
  • Addax net production and opex in Nigeria
  • Map of northern Mozambique
  • Sonangol EP’s net remaining value (NPV10, January 2021)
  • Shell's net onshore Niger Delta acreage and production
  • ELPS and OB3 pipeline map
  • EG LNG production profile
  • Mozambique and South Africa* gas supply
  • Panoro Energy net liquids production
  • Location of Brass methanol plant and surrounding blocks
  • Angolan licence offers 2019-2025
  • Map of Sasol's former blocks in Gabon
  • Sangomar: capital costs and production outlook
  • Shell's South Africa blocks
  • Map of OMLs 83 & 85
  • ExxonMobil's Namibe Basin blocks
  • Under development and pre-FID LNG breakevens in SSA
  • Block 2A and 4 oil fields
  • Totals' net annual production (2020-2030)
  • Kosmos SSA divested acreage
  • Kosmos net global capex (2020-2028)
  • Block 11B/12B South Africa
  • South Africa acreage divestments
  • Block 48 Angola
  • Assets sold by Total Gabon
  • Sangomar - Project Capital Costs
  • Nsinga field location map
  • Noble Energy net production - Equatorial Guinea
  • ENH's net cumulative costs for Mozambique LNG
  • Map of AKK pipeline
  • Equatorial Guinea production by field
  • CNOOC Ltd's net development costs (2020-2030)
  • Unconfirmed marginal fields by JV
  • Cote d'Ivoire licensing map
  • Annual field production by field
  • Importance of NLNG for its shareholders value in Nigeria
  • Perenco's net Congo liquids production
  • Tullow Oil's development cost profile
  • FIDs in SSA 2020-2021
  • Oil production and oil capex in SSA
  • Benoy development map
  • Reserves in Angola's 'Golden Blocks' and Eni's Block 15/06
  • Kosmos-operated exploration wells in SSA
  • Kosmos acreage in SSA
  • Azimuth's South Africa acreage
  • Location of OPL 809 block
  • Congo block awards
  • Western military presence in east Africa
  • Lower Congo block awards
  • Block 15/06 West Hub production

What's included

This report contains:

  • Document

    Sub-Saharan Africa upstream in brief

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    Sub-Saharan Africa upstream in brief

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  • Document

    Sub Saharan Africa Upstream In Brief H2 2018

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    Sub Saharan Africa Upstream In Brief 2019

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