Seventy crude and natural gas projects are expected to start operations in Sub-Saharan Africa during 2019–2025, according to a report by GlobalData.
Oil and gas in Sub-Saharan Africa
The findings are laid bare in a 48-page report entitled, “H1 2019 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in Sub-Saharan Africa – Nigeria Dominates Crude Production and Capex Outlook.”
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Of the schemes, 18 represent the number of planned projects with identified development plans and 52 represent the number of early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.
In terms of the number of planned oil and gas projects, Nigeria leads among countries with eight projects, followed by Mozambique and Chad with two projects each. In terms of announced projects, Nigeria again leads with 21 projects, followed by Angola with seven projects.
Major projects in sub-Saharan Africa are expected to contribute about 2.3 million barrels per day (mmbd) of global crude and condensate production and about 9.6 billion cubic feet per day (bcfd) of global gas production in 2025.
In terms of total crude and condensate production from announced and planned projects in sub-Saharan Africa, Nigeria leads among countries contributing around 46% of the region’s total crude production in 2025.
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By GlobalDataTotal crude and condensate production from major planned and announced projects by key countries in Sub-Saharan Africa (bd), 2019–2025
Source: Upstream Analytics, GlobalData Oil and Gas Note: bd – barrels per day. Liquids production denotes crude and condensate production.
The highest capital expenditure (Capex) spenders on key planned and announced projects, during the period 2019–2025, are expected to be Nigeria, Mozambique and Angola.
