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Sub-Saharan Africa upstream in brief

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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

  • Tullow’s South Lokichar plan rejected by Kenyan government
  • Nigeria's oil production remains flat
  • Eni wins Ghana unitisation ruling on Sankofa field
  • The African Energy Bank has been established
  • Canadian Natural Resources exits Luiperd-Brulpadda. What about TotalEnergies?
  • Shell signs additional licence in Sao Tomé and Principé
  • TotalEnergies acquires operatorship of new deepwater block in Sao Tomé and Principé
  • Chevron shaping its Sub-Saharan Africa portfolio by expanding in Equatorial Guinea
  • Africa Oil increased its stake in Prime Oil & Gas
  • TotalEnergies took FID on the Ubeta non-associated gas development in Nigeria
  • Niger’s oil production under threat from pipeline attacks
  • International NOCs’ growing presence in Sub-Saharan Africa
  • Nigeria’s crude oil production dips further in May
  • Competing for investment: Ghana and Cote d’Ivoire research trip takeaways
  • NNPCL and Golar LNG progress FLNG agreement
  • ANPG on a mission: Angola research trip takeaways
  • ExxonMobil – Seplat deal: Some progress?
  • ExxonMobil’s oil discovery on Block 15 Angola should be a quick tie-back
  • Nigeria’s Yoho Floating LNG project progress update
  • ADNOC acquires stake in Rovuma LNG from Galp - a Lens snapshot
  • TotalEnergies FIDs Kaminho deepwater oil project in Angola
  • Nigeria liquids production: Oil increased marginally but condensate declined
  • Equatorial Guinea reboots its licensing offer with 10% tax kicker
  • NNPC restarts oil production from the Utapate field
  • Nigeria launches the 2024 Bid Round
  • Eni and BP JV enters Namibia’s Orange basin
  • Sintana Energy and Chevron grow their Namibian positions
  • Trident Energy makes a bold entry to Congo in deals with Chevron and TotalEnergies
  • First E&P begins production from the offshore Madu field in Nigeria
  • Mopane could be Namibia's best discovery yet
  • Niger is set to become Africa’s newest oil exporting nation
  • Nigeria crude oil production: a bad month for Bonga, Akpo and Bonny
  • Wing Wah will start monetising gas in Congo
  • Panoro Energy nearing block EG-23 PSC in Equatorial Guinea
  • Upstream Investment Trends in Africa
  • CNOOC set to expand in deepwater Africa
  • New hiccups for Mozambique's onshore LNG
  • Zanzibar opens its first licensing round
  • Nigeria liquids production: sustained growth remains elusive
  • Nigeria’s president issues executive directives to stimulate oil and gas investments
  • Eni makes Calao discovery in ultra-deepwater Cote d’Ivoire
  • TotalEnergies expands Orange sub-basin position in South Africa
  • Shell rounds off its Namibia exploration campaign with Enigma well
  • BW Energy sees potential at Kudu in Namibia
  • VAALCO acquires Svenska Petroleum, extends activity in West Africa
  • Congo Marine XII FLNG starts loading first cargo
  • Gabon Oil Company acquires Assala Energy via pre-emption
  • Nigeria oil production – it’s all about steady progress
  • TotalEnergies’ Venus gets bigger, as Mangetti well hits targets in Namibia.
  • Indigenous players dominate Angola's onshore licensing round
  • Nigeria plans a deepwater licensing round
  • Sub-Saharan Africa upstream: 2023 in review
  • Upstream operations set to resume in Nigeria’s Ogoniland
  • TotalEnergies expands its deepwater Namibia position
  • Galp Energia’s Mopane struck oil in Namibia
  • Gabon’s military government to pre-empt Maurel & Prom’s acquisition of Assala Energy
  • Angola exits OPEC
  • Nigeria liquids production: two steps forward, one step back
  • Six blocks awarded in Sierra Leone’s fifth offshore licensing round
  • Invictus Energy succeeds with play-opening onshore well in Zimbabwe
  • Chappal Energies acquires Equinor's Nigeria business
  • Strong interest in Angola’s onshore licensing round
  • Disappointment for Shell with key well in Mauritania
  • Nembe Crude Oil Export Terminal: Alternative solutions to underpin Nigeria's oil production stability
  • BP rethinks Mauritania-Senegal LNG in blow to Kosmos
  • BP exits Senegal's proposed Yakaar-Teranga FLNG project
  • Trident energy gears up for drilling in Equatorial Guinea
  • Namibia Government designates Kudu as a gas hub for oil projects
  • Afreximbank finances deals with Nigerian energy companies
  • The Edge: Access to capital the biggest obstacle for local players
  • The first of its kind - CCUS Pilot announced for Agogo FPSO in Angola
  • Angola launched 2023 Onshore Bid Round
  • Webinar: Namibia deepwater: the world's hottest exploration play
  • TotalEnergies sells down Angola stake to Petronas ahead of key FID
  • Nigeria update: oil production rebounds in August
  • Equinor readies to exit Nigeria
  • Tortue phase one delayed into 2024
  • TotalEnergies’ 2023 Strategy & Outlook - Namibia update
  • Eni agrees to sell its Nigerian onshore subsidiary to partner Oando
  • Gabon’s president is overthrown after contested election
  • Cullinan dry hole breaks Shell’s run of Namibia discoveries
  • Eni starts up Baleine in Cote d'Ivoire
  • NNPCL secures US$3 billion loan to support Nigerian government policies
  • Maurel & Prom to acquire Assala Energy in Gabon
  • Niger coup d’état, what about the pipeline?
  • NNPCL begins independent power station construction
  • Nigeria update: oil production continued its recovery throughout June
  • TotalEnergies begins development drilling in Uganda
  • Angola and DRC progress in 20-year-old saga on Block 14
  • NNPC Limited agrees to take equity in UTM Offshore’s FLNG project
  • Afentra strengthens position in Angola with Azule Energy deal
  • Shell makes fourth Namibian discovery in a row with Lesedi-1X
  • Tullow Oil announces Jubilee South East start-up in Ghana
  • Nigeria takes tough action on crude oil theft
  • Plans for Mozambique’s Coral Norte FLNG submitted
  • Nigeria update: May production recovers from a six-month low set in April
  • Perenco acquires Eni Congo oil assets
  • Kinetiko Energy Shows Promising Results in Exploration Wells
  • Congo research trip takeaways
  • TotalEnergies drills ahead in Namibia
  • Tinubu's reform agenda: what's coming next for Nigeria
  • Murphy Oil returns to Africa
  • Nigeria's President Tinubu removes currency controls
  • Chad's Savannah purge threatens pipeline harmony
  • Nigeria's President Tinubu means business, as fuel subsidy disappears
  • Tanzania LNG progresses after HGA and PSA agreement
  • TotalEnergies & Africa Oil Corp withdraw from Tullow's Kenya project
  • Sasol makes a gas discovery onshore Mozambique
  • Galp confirms rig for drilling plans in Namibia’s Orange sub-basin
  • NNPC Limited & Golar LNG sign Nigeria MoU
  • ExxonMobil set to re-enter Liberia
  • 4.4 mmtpa LNG project planned in Nigeria
  • Aker Energy acquired by Africa Finance Corporation
  • QatarEnergy joins Shell as partner offshore Mauritania
  • Eni takes FID on Baleine phase 2
  • Chad nationalises Savannah Energy's portfolio
  • Equatorial Guinea and Cameroon sign Bilateral treaty for cross border cooperation
  • Nigerian production up 3.6% in February
  • Angola to launch new onshore licensing round
  • Tanzania LNG inches forward
  • Cameroon operator Victoria Oil & Gas in administration
  • Eni selling its onshore Nigerian JV
  • Azule Energy takes FID on Agogo full-development project
  • Nigeria PIA conversion update
  • Nigeria's marginal field participants revealed
  • Perenco sanctions small LNG project in Gabon
  • ICYMI: the biggest issues in global upstream revisited
  • Many hurdles remain for Mozambique LNG
  • Nigeria update: production remains fragile
  • Somoil continues shopping spree with Galp's Angolan assets
  • TotalEnergies to spend over 50% of its global exploration budget in Namibia
  • FLNG taking centre stage as IOCs hurry to monetise gas
  • Equinor seeks a buyer for Agbami-Ekoli in Nigeria
  • Nigeria produced just 1.38 million b/d in 2022
  • Gail Anderson, 12 January 2023
  • CNOOC Ltd and Eni commit to frontier exploration in Mozambique
  • TotalEnergies commits to another two decades in Gabon
  • PTTEP exits Angola’s Block 17/06
  • After deal closure, Chadian court may oppose Savannah acquisition of ExxonMobil’s assets
  • South Sudan wins over Chad for Savannah Energy
  • What NNPC Ltd's OML 86 & 88 acquisition means for its expansion plans
  • In Chad one deal done, another one to go
  • Nigeria's deepwater mini-bid round to be rushed through
  • NNPC Ltd secures US$1.4 billion of project finance for Chevron JV assets
  • Maurel & Prom acquires Wentworth Resources
  • Perenco successfully tests new pre-salt play offshore Congo
  • President Buhari launches oil & gas project in northern Nigeria
  • Eni and CNOOC Ltd submit bids in Mozambique's sixth licensing round
  • African Carbon Markets Initiative (ACMI) launched at COP27
  • Coral FLNG ships its first cargo
  • ExxonMobil reopens Kizomba treasure chest
  • Nigeria's regulator plans to offer seven deepwater blocks in November
  • Addax Petroleum finally leaving Nigeria
  • In Congo, Wing Wah gets the boo t
  • Seplat converting to Petroleum Industry Act fiscal terms
  • Vaalco Energy marches on in Gabon
  • Nigeria LNG declares Force Majeure
  • Assala Energy on the market... soon?
  • Drilling to restart on OML 120 in Nigeria
  • Africa rails against Europe’s fossil fuel double standards
  • Hot-tap discovery highlights the extent of Nigeria's crude theft epidemic
  • Chevron gobbles up juicy Orange Basin acreage
  • NNPC Limited acquires downstream player OVH Energy Marketing
  • Tullow and Capricorn merger off
  • Trouble down the pipe for TotalEnergies and CNOOC Ltd in Uganda?
  • Equatorial Guinea: ExxonMobil's Zafiro & Jade fields shut-down as FPSO takes on water
  • Chariot secures Total Eren as green hydrogen partner in Mauritania
  • Nigeria's government takes over insolvent power distribution companies
  • DNO set to acquire Cote d’Ivoire position
  • Seplat still in the dark on status of MPNU deal
  • Six Nigeria deepwater PSCs renewed for 20 years
  • Niger Delta oil production woes deepen
  • Deal or no deal? Nigeria’s regulator rebuts presidential consent of Seplat’s MPNU acquisition
  • First oil through the Amukpe-Escravos pipeline in Nigeria
  • The Democratic Republic of Congo launches bid rounds for 30 blocks
  • Eni successfully appraises Baleine
  • Perenco gets down to business in Chad
  • Angola’s New Gas Consortium takes FID on country’s first non-associated gas project
  • TotalEnergies announces production start-up from Ikike in Nigeria
  • Angola finally wraps up 2020 onshore licensing round
  • VAALCO to merge with Egypt-focussed TransGlobe Energy Corporation
  • Glencore and Perenco close Chad deal
  • Tanzania LNG breakthrough, but still a decade away at best
  • Perenco to buy NewAge's stake in Etinde, Cameroon
  • Nigeria facing an economic storm as presidential candidates decided
  • A Major shift in the corporate landscape
  • Another Major exits South Africa
  • Tullow and Capricorn merge to form a leaner Africa energy player
  • Gabon's production returning to normal after Cap Lopez shut-down
  • And then there were two: Tullow Oil in the hunt for SPDC
  • Nigerian government rejects ExxonMobil’s US$1.3 billion sale of JV business to Seplat
  • 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

Tables and charts

This report includes 185 images and tables including:

  • Overall liquids production between June 2023 and June 2024
  • JV terminal liquids production throughput between June 2023 and June 2024
  • Deepwater liquids production throughput between June 2023 and June 2024
  • Africa and APPO
  • Map of assets divested assets
  • Block11B/12B South Africa
  • TotalEnergies' new block in Sao Tome & Principe
  • Chevron's new Equatorial Guinea licences
  • Map of Africa Oil blocks
  • Map of OML 58
  • Agadem oil production at risk
  • Acreage on offer
  • Overall liquids production between May 2023 and May 2024
  • JV terminal liquids production throughput between May 2023 and May 2024
  • Deepwater liquids production between May 2023 and May 2024
  • Lens view of Seplat Energy & ExxonMobil JV assets
  • Likembe-1X location
  • Overall liquids production between April 2023 and April 2024
  • JV terminal liquids production throughput between April 2023 and April 2024
  • Deepwater liquids production between April 2023 and April 2024
  • OML 13 Map
  • 2024 Bid round blocks
  • 2022 Bid round blocks
  • Nigeria 2022 and 2024 Bid round blocks
  • Location of PEL 85 licence in the Orange basin
  • Locations of PEL 79 and 82
  • Chart: Congo top producing fields in 2024
  • Map: TotalEnergies' and Chevron's assets in Congo
  • Liquids Production from OML 83 & 85
  • Niger-Benin Export Pipeline
  • Overall liquids production between March 2023 and March 2024
  • JV terminal liquids throughput between March 2023 and March 2024
  • Deepwater liquids production between March 2023 and March 2024
  • Congo top 10 producing fields in 2024
  • Panoro Energy net production in Equatorial Guinea
  • CNOOC's blocks acquired at Mozambique 6th bid round
  • LNG demand by basin
  • Overall liquids production between February 2023 and February 2024
  • JV terminal liquids throughput between February 2023 and February 2024
  • Deep water liquids production between February 2023 and February 2024
  • Table: Block 3B/4B participation before and after farm-in by TotalEnergies and QatarEnergy
  • Block 3B/4B location and partners
  • Enigma-1X well location to the southeast of Jonker
  • BW Energy's Kudu licence in Namibia
  • Production increase of VAALCO in West Africa after Svenska acquisition
  • Timeline of events
  • GOC production after Assala acquisition
  • Nigeria 2023 average daily production - oil & liquids
  • Deepwater production by field for 2023
  • JV terminal throughput for 2023
  • Venus discovery with Mangetti-1X well location
  • Nigeria's deepwater acreage
  • Map of Ogoniland
  • Map: Mopane-1X location
  • Map of Assala Energy and Maurel & Prom assets
  • Map of São Tomé & Principe Blocks and Jaca-1 well
  • Production by section between November 2022 and November 2023
  • JV Terminal throughput between November 2022 and November 2023
  • Deepwater production between November 2022 and November 2023
  • Blocks awarded to F.A. Oil Ltd. in the licensing round.
  • Location of Invictus Energy wells
  • Bidding Companies
  • Angola 2023 bid round - offered blocks
  • Panna Cotta-1 well location
  • Table: Alternative crude evacuation options
  • Nembe Creek FSO
  • Yakaar-Teranga location
  • Equatorial Guinea Oil Production
  • Namibia Orange Basin blocks and fields
  • Map: Angola 2023 bid round - offered blocks
  • Chart: Namibia production 2029-2050
  • TotalEnergies' Angola production before and after farmdown
  • TotalEnergies' Angola capex before and after farmdown
  • Overall liquids production between August 2022 and August 2023
  • JV terminal throughput between August 2022 and August 2023
  • Deepwater production by field between August 2022 and August 2023
  • Production by sector between August 2022 and August 2023
  • Gross Oil Production for OML 128 Agbami
  • Tortue location
  • Oando post-deal metrics
  • Map of Eni and Oando licences
  • Cullinan-1X location
  • Cote d'Ivoire net production
  • Production impact of Assala Energy acquisition
  • Overall liquids production between June 2022 and June 2023
  • JV terminal throughput between June 2022 and June 2023
  • Deepwater production by field between June 2022 and June 2023
  • Production by sector between June 2022 and June 2023
  • Crude theft incidents
  • Map of Uganda's oil projects
  • Proposed boundaries of the Zone of Common Interest (ZIC)
  • OML 104 map
  • Block 3/05 and Block 3/05A liquids production
  • Lesedi-1X well location
  • Greater Jubilee Area gross production
  • Jubilee South East Location
  • Crude oil theft incidents by activity
  • Crude oil theft incidents by location
  • Mozambique's LNG output
  • Perenco and Eni assets in Congo
  • Nara-1X well location
  • Murphy Oil's Cote d'Ivoire blocks
  • Bonita 1 well location
  • Galp’s deepwater Orange Basin acreage
  • NNPCL shallow water acreage
  • NNPCL's shallow water OML's by gas resources
  • Blocks 15, 16, 22 and 24
  • Potential location of LNG project in Akwa Ibom
  • Panna Cotta exploration well location
  • Cote d'Ivoire's gas production
  • Forecast of Chad's oil production and capex
  • Overall Production
  • Sector Production
  • Deepwater production
  • JV terminal production
  • Angola 2023 onshore licensing round
  • Eni JV Acreage
  • FPSO projects sanctioned or expected to be sanctioned in 2023
  • Perenco Gabon LNG proposed location and feedgas fields
  • Overall liquids production between January 2022 and January 2023
  • Deepwater production by field between January 2022 and January 2023
  • Production by JV terminal between January 2022 and January 2023
  • Production by sector between January 2022 and January 2023
  • Overall liquids production in 2022
  • Production by JV terminal in 2022
  • Production by sector in 2022
  • Deepwater production by field in 2022
  • Sixth licensing round blocks awarded
  • TotalEnergies EP Gabon oil production and capex profile
  • Angola's Block 17/06
  • Deepwater mini-bid round acreage
  • Maurel & Prom production before/after acquisition
  • Perenco licences offshore southern Congo
  • Kolmani River acreage
  • Mozambique's sixth licensing round blocks
  • East Africa gas resources
  • Mozambique government oil and gas revenues
  • Bavuca South location
  • Acreage offshore Lagos
  • Addax Petroleum's global portfolio
  • Nigeria LNG feedgas pipelines
  • Gross production from Assala Energy operated fields 2010-2030
  • OML 120 block offshore western Niger delta
  • Map of western delta and Trans-Escravos pipeline
  • Block 2813B map with prospects
  • Project Nour acreage showing mean windspeeds
  • Nigeria power output July/August 2022
  • Foxtrot International assets
  • Monthly ExxonMobil JV production
  • Onshore crude blend exports
  • Amukpe-Escravos pipeline map
  • Bid round summary
  • Baleine discovery
  • Mangara Badila production
  • Angola LNG feedgas
  • Amenam-Kpono and Ikike Production
  • 2020 licence round blocks
  • VAALCO and TransGlobe net cash flow
  • Top Ten Producers in SSA by type
  • Perenco Net Production 2015-2030
  • Perenco Net Unit Opex 2015-2030
  • 2022 net production
  • 2022 net production post M&A
  • MPNU/NNPC JV gross remaining production, capex and cash-flow
  • 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

What's included

This report contains:

  • Document

    Sub-Saharan Africa upstream in brief

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    Sub Saharan Africa Upstream In Brief H2 2018

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    Sub Saharan Africa Upstream In Brief 2019

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    Sub Saharan Africa Upstream In Brief 2020.pdf

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