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style="color: #333399;">РЕЙТЕР</span></a></span> - </span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="font-size: 120%;"> </span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="font-size: 120%;"> </span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="font-size: 120%;"> </span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="font-size: 120%;">-----</span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Раньше:</span> </p> <table style="width: 620px;" border="0"> <tbody> <tr> <td> <div class="r-side"> <div class="r-side"><em><em><a href="news/2018/3/oil-price-not-above-$65"><img class="l-side" src="cache/03-18/PRICE-469.6d241b1b.png" alt="Prices" /></a></em></em> <div class="r-side"><em>2018, March, 14, 11:45:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/oil-price-not-above-$65"><span style="color: #333399;">OIL PRICE: NOT ABOVE $65</span></a></strong></span></h3> <p>REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.</p> <p> </p> </div> </div> </div> </td> </tr> <tr> <td><a href="news/2018/3/czena-nefti-poka-vyishe-$65"><img class="l-side" src="cache/03-18/PRICE-449.6d241b1b.png" alt="Prices" /></a> <div class="r-side"><em>2018, March, 7, 15:00:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/czena-nefti-poka-vyishe-$65"><span style="color: #333399;">ЦЕНА НЕФТИ: ПОКА ВЫШЕ $65</span></a></strong></span></h3> <p>РЕЙТЕР - К 9.17 МСК фьючерсы на североморскую смесь Brent опустились на 0,85 процента до $65,23 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $62,07 за баррель, что на 0,85 процента ниже предыдущего закрытия.</p> <div class="l-links"><a href="news/2018/3/czena-nefti-poka-vyishe-$65?lang=ru">Русский</a> | <a href="news/2018/3/czena-nefti-poka-vyishe-$65?lang=en">English</a></div> <div class="l-links"> </div> </div> </td> </tr> <tr> <td><a href="news/2018/3/oil-prices-2018-19-$62"><img class="l-side" src="cache/03-18/oil-487.6d241b1b.png" alt="Prices" /></a> <div class="r-side"><em>2018, March, 7, 14:00:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/oil-prices-2018-19-$62"><span style="color: #333399;">OIL PRICES 2018 - 19: $62</span></a></strong></span></h3> <p>EIA - North Sea Brent crude oil spot prices averaged $65 per barrel (b) in February, a decrease of $4/b from the January level and the first month-over-month average decrease since June 2017. EIA forecasts Brent spot prices will average about $62/b in both 2018 and 2019 compared with an average of $54/b in 2017.</p> <p> </p> </div> </td> </tr> <tr> <td> <div class="r-side"><em><em><a href="news/2018/3/oil-price-above-$64-yet"><img class="l-side" src="cache/03-18/PRICE-438.6d241b1b.png" alt="Prices" /></a></em></em> <div class="r-side"><em>2018, March, 5, 11:35:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/oil-price-above-$64-yet"><span style="color: #333399;">ЦЕНА НЕФТИ: ПОКА ВЫШЕ $64</span></a></strong></span></h3> <p>РЕЙТЕР - К 9.28 МСК фьючерсы на североморскую смесь Brent поднялись на 0,33 процента до $64,58 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $61,44 за баррель, что на 0,31 процента выше предыдущего закрытия.</p> <div class="l-links"><a href="news/2018/3/oil-price-above-$64-yet?lang=ru">Русский</a> | <a href="news/2018/3/oil-price-above-$64-yet?lang=en">English</a></div> <div class="l-links"> </div> </div> </div> </td> </tr> <tr> <td><a href="news/2018/3/czena-urals-$-65,99"><img class="l-side" src="cache/03-18/PRICE-429.6d241b1b.png" alt="Prices" /></a> <div class="r-side"><em>2018, March, 4, 11:30:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/czena-urals-$-65,99"><span style="color: #333399;">ЦЕНА URALS: $ 65,99</span></a></strong></span></h3> <p>МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – февраля 2018 года составила $ 65,99 за баррель.</p> <p> </p> </div> </td> </tr> <tr> <td> <div class="r-side"><em><em><a href="news/2018/2/oil-price-above-$67-again"><img class="l-side" src="cache/02-18/price-420.6d241b1b.png" alt="Prices" /></a></em></em> <div class="r-side"><em>2018, February, 27, 14:15:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/2/oil-price-above-$67-again"><span style="color: #333399;">ЦЕНА НЕФТИ: ОПЯТЬ ВЫШЕ $67</span></a></strong></span></h3> <p>РЕЙТЕР - К 9.18 МСК фьючерсы на североморскую смесь Brent опустились на 0,15 процента до $67,40 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $63,80 за баррель, что на 0,17 процента ниже предыдущего закрытия.</p> <div class="l-links"><a href="news/2018/2/oil-price-above-$67-again?lang=ru">Русский</a> | <a href="news/2018/2/oil-price-above-$67-again?lang=en">English</a></div> <div class="l-links"> </div> </div> </div> </td> </tr> <tr> <td> <div class="r-side"><em><em><a href="news/2018/2/czena-urals-$66,26457"><img class="l-side" src="cache/02-18/PRICE-399.6d241b1b.png" alt="Prices" /></a></em></em> <div class="r-side"><em>2018, February, 27, 14:05:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/2/czena-urals-$66,26457"><span style="color: #333399;">ЦЕНА URALS: $66,26457</span></a></strong></span></h3> <p>МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 января по 14 февраля 2018 года составила $66,26457 за баррель, или $483,7 за тонну.</p> <p> </p> </div> </div> </td> </tr> </tbody> </table> <p style="line-height: 18pt;"><span style="font-size: 120%;"> </span></p> </div> <div class="en "> <h1>AFRICA'S ENERGY POSSIBILITIES</h1> <div class="l-links"></div> <img src="/cache/09-2024/africa-2.22048f97.jpg" alt="AFRICA'S ENERGY POSSIBILITIES" class="page-img"/> <p style="line-height: 18pt;"><span style="font-size: 120%;">By <span style="color: #3366ff;"><a class="realname-link" title="EBOT Elvis Ako" href="https://energycentral.com/member/profile/ebot-elvis-ako" rel="nofollow" target="_blank"><span class="realname" style="color: #3366ff;">EBOT Elvis Ako</span></a></span> <span class="title">Senior IT Specialist | Digital Transformation | oil and Gas operations,</span> <span class="company">Origin 365</span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="color: #3366ff;"><a href="https://energycentral.com/" rel="nofollow" target="_blank"><span style="color: #3366ff;">ENERGYCENTRAL</span></a></span> - Sep 26, 2024 - </span><span style="font-size: 120%;">Energy! Energy!, The driving force of every economy. When evaluating a country's wealth, The exercise usually starts from here. In this article, we take an in-depth analysis of the top African countries with the highest potential for oil and gas drilling, alongside insights into the most promising investment opportunities across the continent. Africa's oil and gas industry holds immense potential, with several countries emerging as key players in both production and future exploration. Over the last decade, traditional giants like Nigeria, Angola, and Algeria have led the continent in output, but new frontiers such as Mozambique, Senegal, Uganda, and Ghana are rapidly gaining attention for their untapped reserves. These countries are attracting significant investment due to discoveries in natural gas and oil fields, favourable regulatory environments, and growing global demand for energy. This article provides an in-depth analysis of the top African countries with the highest potential for oil and gas drilling, alongside insights into the most promising investment opportunities across the continent. Great! Let’s dive deeper into specific countries that present high-potential investment opportunities in the oil and gas sector and provide more details on the factors driving these opportunities</span></p> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">1. Mozambique: High Potential for Gas Investment</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Drivers:</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Rovuma Basin Reserves: Mozambique is home to one of the largest natural gas discoveries in recent years. The Rovuma Basin contains about 180 trillion cubic feet of gas reserves, making it a major player in the global LNG market.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Strategic LNG Projects: Mozambique has attracted significant investment from energy giants such as TotalEnergies, ExxonMobil, and Eni. The Coral South Floating LNG project is already in operation, with others like the Mozambique LNG and Rovuma LNG expected to come online in the near future.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Growing Global LNG Demand: With the energy transition underway, natural gas is seen as a "bridge" fuel, driving demand for Mozambique’s LNG. The country is well-positioned to export to both Europe and Asia, where gas demand is high.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Investment Opportunities:</span> </p> <ul> <li><span style="font-size: 120%;">Infrastructure development (pipelines, terminals, and ports).</span></li> <li><span style="font-size: 120%;">Midstream LNG projects.</span></li> <li><span style="font-size: 120%;">Services and supply chains for ongoing exploration and production.</span> </li> </ul> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">2. Senegal: Emerging Oil and Gas Powerhouse</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Drivers:</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Sangomar and Yakaar-Teranga Discoveries: Senegal’s offshore oil and gas fields are some of the largest recent discoveries in West Africa. The Sangomar oil field is expected to start production in 2024, with initial production levels at around 100,000 barrels per day.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Stable Political Climate: Senegal has a relatively stable government and a robust regulatory framework that is welcoming to foreign investment. This is a key differentiator in a region known for political volatility.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Strategic Location: Senegal’s proximity to Europe and its deepwater port infrastructure provides an advantage in terms of export logistics for both oil and gas.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Investment Opportunities:</span></p> <ul> <li><span style="font-size: 120%;">Offshore drilling services and equipment.</span></li> <li><span style="font-size: 120%;">Development of export terminals.</span></li> <li><span style="font-size: 120%;">Exploration in deepwater blocks, as well as oil field services and infrastructure.</span></li> </ul> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">3. Uganda: Untapped Oil Potential</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Drivers:</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Lake Albert Basin: Uganda’s oil reserves are estimated at 6.5 billion barrels, with around 2.2 billion barrels recoverable. With foreign companies like TotalEnergies and CNOOC taking the lead, Uganda is expected to commence oil production by 2025.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">East African Crude Oil Pipeline (EACOP): This 1,443 km pipeline will link Uganda’s oil fields to the port of Tanga in Tanzania, facilitating crude exports. The project, while controversial due to environmental concerns, represents a major infrastructure development that could unlock Uganda’s oil potential.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Supportive Government Policies: Uganda’s government is actively promoting investment in the sector through favourable terms for exploration and production licenses, as well as tax incentives.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Investment Opportunities:</span></p> <ul> <li><span style="font-size: 120%;">Exploration of untapped oil blocks in the Lake Albert region.</span></li> <li><span style="font-size: 120%;">Pipeline and infrastructure projects, including the EACOP.</span></li> <li><span style="font-size: 120%;">Refinery projects and petrochemicals.</span></li> </ul> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">4. Tanzania: Growing Gas Hub</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Drivers:</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Significant Gas Reserves: Tanzania holds around 57 trillion cubic feet of proven natural gas reserves, much of it offshore. These fields are largely underdeveloped, providing a significant investment opportunity.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">LNG Export Plans: The Tanzanian government is keen on developing an LNG export facility, which could transform Tanzania into a major exporter of natural gas. However, delays due to regulatory and land acquisition issues have slowed progress.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Domestic and Regional Gas Demand: Tanzania’s gas reserves could be crucial in meeting regional energy needs, particularly as neighbouring countries industrialize and seek cleaner energy alternatives to coal and oil.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Investment Opportunities:</span></p> <ul> <li><span style="font-size: 120%;">LNG plant construction and operational services.</span></li> <li><span style="font-size: 120%;">Onshore and offshore drilling.</span></li> <li><span style="font-size: 120%;">Gas transportation and pipeline infrastructure development.</span></li> </ul> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">5. Ghana: Steady Growth and Regulatory Certainty</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Drivers:</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Jubilee and TEN Fields: Ghana’s oil production has grown steadily over the past decade, mainly due to the Jubilee and TEN fields. The country’s output is around 200,000 barrels per day, with additional reserves still being explored.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Gas Potential: Ghana also has substantial natural gas reserves. The Sankofa Gas Project, particularly, is a major contributor to domestic energy generation, reducing reliance on imports and increasing energy security.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Stable Regulatory Environment: Ghana’s government has taken steps to ensure a clear and transparent legal framework, encouraging foreign direct investment. Its relative political stability compared to other West African nations is a significant advantage.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Investment Opportunities:</span></p> <ul> <li><span style="font-size: 120%;">Onshore and offshore drilling.</span></li> <li><span style="font-size: 120%;">Oil and gas exploration in untapped fields.</span></li> <li><span style="font-size: 120%;">Expansion of downstream capabilities, including refining and distribution.</span></li> </ul> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">6. Egypt: Mediterranean Gas Giant</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Drivers:</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Zohr Gas Field: Egypt’s Mediterranean Zohr gas field is one of the largest ever discovered in the region, with reserves of around 30 trillion cubic feet of gas. This discovery has reinvigorated Egypt’s gas sector and positioned it as a regional energy hub.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Strategic LNG Exports: Egypt is already a well-established LNG exporter. With existing infrastructure and proximity to European and Asian markets, Egypt is becoming a strategic supplier of gas to regions seeking to diversify their energy sources.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Supportive Government Initiatives: The Egyptian government has created incentives for foreign companies to explore and develop the country's vast offshore reserves. The country’s focus on energy security also drives domestic and international demand.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Investment Opportunities:</span></p> <ul> <li><span style="font-size: 120%;">Offshore exploration and gas field development.</span></li> <li><span style="font-size: 120%;">LNG export facilities and expansion.</span></li> <li><span style="font-size: 120%;">Petrochemical and refining projects.</span></li> </ul> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">7. Namibia: Rising Star in Oil Exploration</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Drivers:</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Recent Discoveries: Namibia’s offshore oil discoveries in the Orange Basin by TotalEnergies and Shell are among the most promising in Africa. These new fields could hold billions of barrels of oil, offering the potential for Namibia to become a key oil producer.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Untapped Offshore Potential: Namibia’s offshore exploration remains underdeveloped, making it a hotspot for future discoveries. The Namibian government is actively promoting exploration activities.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Stable Investment Climate: Namibia has a relatively stable political and economic environment favourable for long-term oil and gas investments.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Investment Opportunities:</span></p> <ul> <li><span style="font-size: 120%;">Exploration and development of offshore blocks.</span></li> <li><span style="font-size: 120%;">Oil field services and technology solutions.</span></li> <li><span style="font-size: 120%;">Infrastructure development for oil transport and export.</span></li> </ul> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">8. South Sudan: Revitalizing a Challenged Sector</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Drivers:</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Significant Reserves: South Sudan has around 3.5 billion barrels of proven oil reserves. Though production has been hindered by conflict and infrastructure damage, peace efforts could unlock potential for investors.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Partnerships with Sudan: South Sudan’s landlocked position means it relies on pipelines through Sudan to export its oil. Collaboration between the two countries is crucial for sustaining production and opening up investment opportunities.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Investment Opportunities:</span></p> <ul> <li><span style="font-size: 120%;">Rebuilding and modernizing oil infrastructure.</span></li> <li><span style="font-size: 120%;">Exploration of untapped oil reserves in the northern and central regions.</span></li> <li><span style="font-size: 120%;">Joint ventures in oil field services and technology.</span></li> </ul> <p style="line-height: 18pt;"><span style="font-size: 120%;">Key Takeaways for Investors</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Exploration and Production: Countries like Mozambique, Senegal, and Uganda offer some of the most promising untapped reserves, especially in natural gas and deepwater oil.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Infrastructure Development: Tanzania, Uganda, and Mozambique are prime candidates for midstream investment, with significant infrastructure projects such as pipelines, LNG plants, and export terminals needing financing and expertise.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Political Stability and Regulatory Certainty: Countries like Ghana, Senegal, and Egypt stand out for their stable regulatory environments, providing more certainty for long-term investment.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Natural Gas Potential: With the world transitioning towards cleaner energy, Africa's natural gas potential in countries like Mozambique, Tanzania, and Egypt makes them key areas of focus for investors looking at LNG and domestic energy projects.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">So this rounds up our analysis of specific countries that present high-potential investment opportunities in the oil and gas sector. In my subsequent post, we are going to look into specific oil and gas projects in Mozambique, Senegal, Uganda, Tanzania, and Egypt, as well as market entry strategies for investors in these regions. So tomorrow if you are looking for drilling sites or hope to invest in the energy sector, These places hold huge untapped oil reserves. Thanks for reading.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">-----</span></p> <p style="line-height: 18pt;"><span>This thought leadership article was originally shared with Energy Central's </span><span style="color: #3366ff;"><a href="https://clicktime.cloud.postoffice.net/clicktime.php?U=https%3A%2F%2Fwww.energycentral.com%2Fc%2Fec%3Futm_source%3D%26utm_medium%3DPosts%26utm_campaignWOGN%2520Parnter%26utm_source%3DTrade&E=rlewis%40energycentral.com&X=XID273yJVHXT2222Xd1&T=3D7X&HV=U,E,X,T&H=1cba8169577693274df223b0ed2c9feec3080fff" target="_blank" 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