Insight
Sub-Saharan Africa upstream month in brief: 3 March 2016
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Report summary
An issue with the turret bearing on the Jubilee FPSO has arisen. The severity is unclear and diagnostic work is ongoing, but the downside risk is huge for a project that is vital to Tullow, Kosmos and GNPC. In Mozambique, Coral FLNG was granted government approval. Despite high costs, the project appears to be on track for FID in 2016, bucking the global trend of high-cost project deferrals. This report includes the Sub-Saharan Africa Upstream Data Dashboard, which is included in the Downloads section. The data dashboard gives a snapshot of the latest licensing, drilling, discoveries, development, production, corporate and M&A activity.
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