The African Oil & Gas Exploration Market Report 2015
Africa is one of the world’s most interesting oil and gas hotspots, the region that includes a diverse range of economies all at varying stages in terms of oil and gas industry development, with West Africa rapidly and North Africa being the most developed, whilst East Africa is emerging as a new global frontier. OPEC member Angola and newcomer Namibia on the South West coast are set to increase oil and gas production over the coming years with the continuing exploitation of pre-salt reserves. Tanzania and Mozambique are set to become natural gas producers to cater for growing domestic and regional demand for gas-to-power facilities. For many years the area was neglected by the world’s oil and gas industry, and even in Africa it was overshadowed by the rapid development in West Africa and the established markets in North Africa. However, with the discovery of both oil & gas reserves in the region over the past five years, opportunities are being created within a number of East African nations. In Southern Africa is looking to expand its offshore operations, boosted by successes off its Western coast, as well as hoping to expand onshore shale gas development in the Karoo Basin to supply the needs of the region’s economies. Madagascar is also set to become one of the world’s most exciting emerging oil producers, and is currently vying for foreign capital along with other countries in the region to develop its large onshore, heavy oil and oil sands reserves over the coming decade.
This report covers emerging developments in the oil and gas sectors in 22 African countries across the major regions on the continent, North, South, East and West:
Why you should buy The Africa Oil & Gas Market 2015
This report covers emerging developments in the oil and gas sectors in 22 African countries across the major regions on the continent, North, South, East and West:
Why you should buy The Africa Oil & Gas Market 2015
- 189 pages of comprehensive analysis
- 85 tables, charts, and graphs quantifying the market in detail
- Global bottled water market forecasts between 2015 and 2020
- Forecasts for the 22 African Oil & Gas markets:
- Egypt
- Algeria
- Tunisia
- Libya
- Italy
- Morocco
- Nigeria
- Cote d’Ivoire
- Ghana
- Equatorial Guinea
- Gabon
- Cameroon
- Tanzania
- Kenya
- Uganda
- Sudan & South Sudan
- Democratic Republic of Congo
- Somalia
- Madagascar
- Mozambique
- Namibia
- Malawi
- Angola
- South Africa
- A SWOT analysis that examines the African Oil & Gas market
- 17 key companies identified and profiled operating within the African Oil & Gas Market.
Executive Summary
Benefits of the Report
Intended Audience
Report Contributors
Methodology
Global Oil & Gas Market Outlook in 2015
Oil Companies Delaying Investments Denting 2015 Capex
Crude Outlook
Figure 1: WTI & Brent Crude Oil Price 1997–2020 ( $/Barrel)
Table 1: I&R Front Month Average, Annual Forecast, US$/bbl
Natural Gas Outlook
Figure 2: Henry Hub Gulf Coast Natural Gas Spot Price 1998–2020f ($/MMBTU)
Long-Term Outlook
Africa Oil & Gas Outlook
Crude Oil Outlook
Natural Gas Outlook
The Exploration Market Outlook
The Short-Term Outlook
The Medium-Term Outlook
The Long-Term Outlook
The African Oil & Gas Exploration Market Forecast
Table 2: African Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 3: African Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %))
North Africa Insecurity Affecting Investment
West Africa Offshore activity to drive prospectivity
East Africa New Exploration Frontier
Southern Africa unconventional exploration
Obstacles to Oil & Gas Investment on the continent
Frontier Africa Exploration Set For Slow-Down
Drivers and Restraints of the African Oil & Gas Exploration Market
Table 3: Drivers and Restraints of the African Oil & Gas Exploration Market
Drivers
Oil & Gas Prices and Related Factors
Restraints
Current Financial Conditions
Conservative Oil and Gas Companies
Limited Supply of Skilled Employees
Regional Oil & Gas Exploration Market Outlook
Table 4: Regional African Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %))
Figure 4: Regional African Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %))
Figure 5: Capex Market Share 2015 (interior) 2020 (exterior), (%)
Figure 6: African Oil Reserves (bbl)
Figure 7: African Gas Reserves (tcf)
West Africa Oil & Gas Exploration Market
Table 5: West Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 8: West Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Frontier West Africa Exploration Under Threat
Growing investment bias of proven areas over frontier plays
Nigeria Oil & Gas Exploration Market
Table 6: Nigeria Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 9: Nigeria Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Bonga Oilfield Delays Support Negative Nigerian Outlook
Figure 10: Nigeria - Oil Production (000b/d & % chg y-o-y)
Niger Delta is showing signs of maturity
Figure 11: Nigeria’s Oil & Gas Blocks
Growing Chinese interest
Ghana Oil & Gas Exploration Market
Table 7: Ghana Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 12: Ghana Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Ghana told to stop new oil drilling in disputed waters
More international companies venture into oil exploration, development in Ghana
Equatorial Guinea Oil & Gas Exploration Market
Table 8: Equatorial Guinea Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 13: Equatorial Guinea Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Blocks Awarded But Output Recovery Still Looks Temporary
Cote d’Ivoire Oil & Gas Exploration Market
Table 9: Cote d’Ivoire Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 14: Cote d’Ivoire Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Ivory Coast Diving for Ultra-Deepwater Buyers
New Discoveries
Figure 15: Cote d’Ivoire Exploration Blocks
Côte d’Ivoire: New find for Foxtrot partners
Foxtrot flows oil and gas from Cote d’Ivoire offshore well
Gabon Oil & Gas Exploration Market
Table 10: Gabon Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 16: Gabon Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Offshore Exploration Heats Up In Gabon
Gabon's Political Instability: a Rising Risk to Oil Production
Figure 17: Gabon Real GDP Growth And Front-Month Brent Price Forecast
Figure 18: Gabon Oil Production Forecast
Cameroon Oil & Gas Exploration Market Forecast
Table 11: Cameroon Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Figure 19: Cameroon Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Frontier oil exploration in Cameroon under threat
Northern WAF Basins Most At Risk
East Africa Oil & Gas Exploration Market
Table 12: East Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 20: East Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Tanzania Oil & Gas Exploration Market
Table 13: Tanzania Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 21: Tanzania Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Statoil makes its eighth discovery in Block 2 offshore Tanzania
Tanzania's corruption allegations threaten energy sector potential
Kenya Oil & Gas Exploration Market
Table 14: Kenya Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 22: Kenya Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Tullow’s East African Exploration Remains Positive
Table 15: Tullow Oil Kenya Exploration Results - January 2015
Kenyan Exploration To Remain Unscathed by Falling Prices
Figure 23: Oil Reserves of Selected Countries In Sub-Saharan Africa (mn bbl)
Africa Oil Share Sale to Finance Kenya Appraisal
Ethnic violence in Kenya poses little risk to oil companies
Figure 24: Kenya - Late October/Early November Attacks On Security Personnel
Economic Fallout Limited, Even For Oil Investment
Risk to Outlook Weak Local Content Fuelling Opposition
Devolution Brings Political Uncertainty
Uganda Oil & Gas Exploration Market
Table 16: Uganda Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 25: Uganda Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Uganda's First Oil and Gas Licensing Round Unlikely to Hook New Companies
Table 17: Ugandan Oil Exploration Blocks To Be Offered
Ugandan Government Scraps Taxes on Oil, Gas, Mining Exploration
Tullow to pay $108 million tax in Uganda
Sudan & South Sudan Oil & Gas Exploration Market
Table 18: Sudan & South Sudan Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 26: Sudan & South Sudan Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Opportunities Come With Risks
Figure 27: Sudan & South Sudan Oil Blocks
Exxon Ends Oil Search With Total in South Sudan as War Rages
Projects Suspended
Democratic Republic of the Congo Oil & Gas Exploration Market
Table 19: Democratic Republic of the Congo Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 28: Democratic Republic of the Congo Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Somalia Oil & Gas Exploration Market
Table 20: Somalia Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 29: Somalia Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Numerous Complications to Explorations
Somalia's Onshore Exploration Locked in Limbo
Table 21: Main Exploration Contracts Puntland And Somaliland
Somalia takes Kenya to ICJ over sea border
Madagascar Oil & Gas Exploration Market
Table 22: Madagascar Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 30: Madagascar Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Sterling extends exploration licence at Madagascar offshore blocks
North African Oil & Gas Exploration Market
Table 23: North African Oil & Gas Exploration Market Forecast 2012-2020 ($m, AGR %)
Figure 31: North African Oil & Gas Exploration Market Forecast 2012-2020 ($m)
Algeria Oil & Gas Exploration Market
Table 24: Algeria Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 32: Algeria Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Slow European Recovery Impacting Upstream Investment
Algeria's Dependence on Europe a Threat to Oil Exports
Figure 33: Algeria Crude Oil Net Export Forecast 2014-2020
Figure 34: Algeria Crude Oil Net Export And Front Month Brent Price Forecast
Figure 35: Western Europe Refining Capacity Forecast
Egypt Oil & Gas Exploration Market
Table 25: Egypt Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 36: Egypt Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Egypt Boosted by Exploration Deals with International Oil Companies
Egypt's Underexplored Western Desert Offers Oil Production Upside
IOCs To Drive Growth Exploration Growth In Egypt
Morocco Oil & Gas Exploration Market
Table 26: Morocco Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 37: Morocco Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Mubadala Petroleum on board with oil and gas exploration in Morocco
Drilling Results Threaten to Derail Morocco's Investment into Offshore Exploration
Table 27: Morocco - Completed Offshore Exploration Wells,
Tunisia Oil & Gas Exploration Market
Table 28: Tunisia Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 38: Tunisia Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Tunisia's exploration successes unlikely to lift hydrocarbon imports burden
Figure 39: Tunisia Oil (LHS) and Gas (RHS) Production, Consumption and Net Exports
Figure 40: Tunisia Real GDP Growth And Budget Balance
Libya Oil & Gas Exploration Market
Table 29: Libya Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 41: Libya Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Exploration Ongoing Amidst Turmoil
Southern Africa Oil & Gas Exploration Market
Table 30: Southern Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 42: Southern Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m)
New Discoveries
Figure 43: Recent Developments in Southern African Oil & Gas
Mozambique Oil & Gas Exploration Market
Table 31: Mozambique Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 44: Mozambique Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Licensing Round Delays Highlight Mozambique's Unclear Regulatory Framework
Table 32: Mozambique 5th Licensing Round
Table 33: Mozambique 5th Licensing Round
Mozambique offers more gas and oil blocks week after election
Amended Petroleum Law
Angola Oil & Gas Exploration Market
Table 34: Angola Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 45: Angola Oil & Gas Exploration Market Forecast 2011-2020 ($m)
South Africa Oil & Gas Exploration Market
Table 35: South Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 46: South Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Ineffective Policymaking and Price Delays Upstream Investment in South Africa
Namibia Oil & Gas Exploration Market
Table 36: Namibia Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 47: Namibia Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Drilling Commitments On The Rise
Namibian Investments Increasingly At Risk
Namibia: Africa’s next big oil frontier?
Malawi Oil & Gas Exploration Market
Table 37: Malawi Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 48: Malawi Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Malawi’s Oil Exploration Licences and Agreements should be cancelled according to Attorney General
SWOT of African Oil & Gas Exploration Industry
Strengths
Oil Demand
Reservoir Complexity
Frontier Markets
Weaknesses
Price Volatility
Contract Operations
Multi-Client Operations
Seasonality of Contracts
High Fixed Cost
Currency Fluctuations
Intense Competition
Hazardous Operating Conditions
Opportunities
Niche Markets
Technological Development
Growing Unconventional O&G Plays
Environmental Concerns
Nuclear Phase-Out
Threats
The Oil Price
Regulation & Government Policy
Political Instability
Legal Challenges
Technological Change
Industry Trends And Developments
Sterling Energy Commences 3D Seismic Survey in Ambilobe Block off Madagascar
Spectrum ASA Commences Phase 2 of the 2D Multi-Client Cross-Border Survey Offshore Namibia and South Africa
Seabird's Northern Explorer Bags LOI for 2D Seismic Survey in West Africa
Swala Completes 2D Seismic Program Over Kilombero Basin in Tanzania
COMPANY PROFILES
Afren plc
Africa Oil
Anadarko
BG Group
Chevron
CNOOC
Eni S.p.A
ExxonMobil
Heritage Oil Plc
Kosmos Energy
Oando Plc
Ophir Energy
Royal Dutch Shell
Sasol Ltd
Statoil
Total
Tullow Oil
Conclusions
Glossary Of Terms
Methodology
How We Generate Our Industry Forecasts
Disclaimer
Appendix A
Appendix B
Benefits of the Report
Intended Audience
Report Contributors
Methodology
Global Oil & Gas Market Outlook in 2015
Oil Companies Delaying Investments Denting 2015 Capex
Crude Outlook
Figure 1: WTI & Brent Crude Oil Price 1997–2020 ( $/Barrel)
Table 1: I&R Front Month Average, Annual Forecast, US$/bbl
Natural Gas Outlook
Figure 2: Henry Hub Gulf Coast Natural Gas Spot Price 1998–2020f ($/MMBTU)
Long-Term Outlook
Africa Oil & Gas Outlook
Crude Oil Outlook
Natural Gas Outlook
The Exploration Market Outlook
The Short-Term Outlook
The Medium-Term Outlook
The Long-Term Outlook
The African Oil & Gas Exploration Market Forecast
Table 2: African Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 3: African Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %))
North Africa Insecurity Affecting Investment
West Africa Offshore activity to drive prospectivity
East Africa New Exploration Frontier
Southern Africa unconventional exploration
Obstacles to Oil & Gas Investment on the continent
Frontier Africa Exploration Set For Slow-Down
Drivers and Restraints of the African Oil & Gas Exploration Market
Table 3: Drivers and Restraints of the African Oil & Gas Exploration Market
Drivers
Oil & Gas Prices and Related Factors
Restraints
Current Financial Conditions
Conservative Oil and Gas Companies
Limited Supply of Skilled Employees
Regional Oil & Gas Exploration Market Outlook
Table 4: Regional African Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %))
Figure 4: Regional African Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %))
Figure 5: Capex Market Share 2015 (interior) 2020 (exterior), (%)
Figure 6: African Oil Reserves (bbl)
Figure 7: African Gas Reserves (tcf)
West Africa Oil & Gas Exploration Market
Table 5: West Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 8: West Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Frontier West Africa Exploration Under Threat
Growing investment bias of proven areas over frontier plays
Nigeria Oil & Gas Exploration Market
Table 6: Nigeria Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 9: Nigeria Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Bonga Oilfield Delays Support Negative Nigerian Outlook
Figure 10: Nigeria - Oil Production (000b/d & % chg y-o-y)
Niger Delta is showing signs of maturity
Figure 11: Nigeria’s Oil & Gas Blocks
Growing Chinese interest
Ghana Oil & Gas Exploration Market
Table 7: Ghana Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 12: Ghana Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Ghana told to stop new oil drilling in disputed waters
More international companies venture into oil exploration, development in Ghana
Equatorial Guinea Oil & Gas Exploration Market
Table 8: Equatorial Guinea Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 13: Equatorial Guinea Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Blocks Awarded But Output Recovery Still Looks Temporary
Cote d’Ivoire Oil & Gas Exploration Market
Table 9: Cote d’Ivoire Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 14: Cote d’Ivoire Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Ivory Coast Diving for Ultra-Deepwater Buyers
New Discoveries
Figure 15: Cote d’Ivoire Exploration Blocks
Côte d’Ivoire: New find for Foxtrot partners
Foxtrot flows oil and gas from Cote d’Ivoire offshore well
Gabon Oil & Gas Exploration Market
Table 10: Gabon Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 16: Gabon Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Offshore Exploration Heats Up In Gabon
Gabon's Political Instability: a Rising Risk to Oil Production
Figure 17: Gabon Real GDP Growth And Front-Month Brent Price Forecast
Figure 18: Gabon Oil Production Forecast
Cameroon Oil & Gas Exploration Market Forecast
Table 11: Cameroon Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Figure 19: Cameroon Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Frontier oil exploration in Cameroon under threat
Northern WAF Basins Most At Risk
East Africa Oil & Gas Exploration Market
Table 12: East Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 20: East Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Tanzania Oil & Gas Exploration Market
Table 13: Tanzania Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 21: Tanzania Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Statoil makes its eighth discovery in Block 2 offshore Tanzania
Tanzania's corruption allegations threaten energy sector potential
Kenya Oil & Gas Exploration Market
Table 14: Kenya Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 22: Kenya Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Tullow’s East African Exploration Remains Positive
Table 15: Tullow Oil Kenya Exploration Results - January 2015
Kenyan Exploration To Remain Unscathed by Falling Prices
Figure 23: Oil Reserves of Selected Countries In Sub-Saharan Africa (mn bbl)
Africa Oil Share Sale to Finance Kenya Appraisal
Ethnic violence in Kenya poses little risk to oil companies
Figure 24: Kenya - Late October/Early November Attacks On Security Personnel
Economic Fallout Limited, Even For Oil Investment
Risk to Outlook Weak Local Content Fuelling Opposition
Devolution Brings Political Uncertainty
Uganda Oil & Gas Exploration Market
Table 16: Uganda Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 25: Uganda Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Uganda's First Oil and Gas Licensing Round Unlikely to Hook New Companies
Table 17: Ugandan Oil Exploration Blocks To Be Offered
Ugandan Government Scraps Taxes on Oil, Gas, Mining Exploration
Tullow to pay $108 million tax in Uganda
Sudan & South Sudan Oil & Gas Exploration Market
Table 18: Sudan & South Sudan Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 26: Sudan & South Sudan Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Opportunities Come With Risks
Figure 27: Sudan & South Sudan Oil Blocks
Exxon Ends Oil Search With Total in South Sudan as War Rages
Projects Suspended
Democratic Republic of the Congo Oil & Gas Exploration Market
Table 19: Democratic Republic of the Congo Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 28: Democratic Republic of the Congo Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Somalia Oil & Gas Exploration Market
Table 20: Somalia Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 29: Somalia Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Numerous Complications to Explorations
Somalia's Onshore Exploration Locked in Limbo
Table 21: Main Exploration Contracts Puntland And Somaliland
Somalia takes Kenya to ICJ over sea border
Madagascar Oil & Gas Exploration Market
Table 22: Madagascar Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 30: Madagascar Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Sterling extends exploration licence at Madagascar offshore blocks
North African Oil & Gas Exploration Market
Table 23: North African Oil & Gas Exploration Market Forecast 2012-2020 ($m, AGR %)
Figure 31: North African Oil & Gas Exploration Market Forecast 2012-2020 ($m)
Algeria Oil & Gas Exploration Market
Table 24: Algeria Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 32: Algeria Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Slow European Recovery Impacting Upstream Investment
Algeria's Dependence on Europe a Threat to Oil Exports
Figure 33: Algeria Crude Oil Net Export Forecast 2014-2020
Figure 34: Algeria Crude Oil Net Export And Front Month Brent Price Forecast
Figure 35: Western Europe Refining Capacity Forecast
Egypt Oil & Gas Exploration Market
Table 25: Egypt Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 36: Egypt Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Egypt Boosted by Exploration Deals with International Oil Companies
Egypt's Underexplored Western Desert Offers Oil Production Upside
IOCs To Drive Growth Exploration Growth In Egypt
Morocco Oil & Gas Exploration Market
Table 26: Morocco Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 37: Morocco Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Mubadala Petroleum on board with oil and gas exploration in Morocco
Drilling Results Threaten to Derail Morocco's Investment into Offshore Exploration
Table 27: Morocco - Completed Offshore Exploration Wells,
Tunisia Oil & Gas Exploration Market
Table 28: Tunisia Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 38: Tunisia Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Tunisia's exploration successes unlikely to lift hydrocarbon imports burden
Figure 39: Tunisia Oil (LHS) and Gas (RHS) Production, Consumption and Net Exports
Figure 40: Tunisia Real GDP Growth And Budget Balance
Libya Oil & Gas Exploration Market
Table 29: Libya Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 41: Libya Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Exploration Ongoing Amidst Turmoil
Southern Africa Oil & Gas Exploration Market
Table 30: Southern Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 42: Southern Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m)
New Discoveries
Figure 43: Recent Developments in Southern African Oil & Gas
Mozambique Oil & Gas Exploration Market
Table 31: Mozambique Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 44: Mozambique Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Licensing Round Delays Highlight Mozambique's Unclear Regulatory Framework
Table 32: Mozambique 5th Licensing Round
Table 33: Mozambique 5th Licensing Round
Mozambique offers more gas and oil blocks week after election
Amended Petroleum Law
Angola Oil & Gas Exploration Market
Table 34: Angola Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 45: Angola Oil & Gas Exploration Market Forecast 2011-2020 ($m)
South Africa Oil & Gas Exploration Market
Table 35: South Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 46: South Africa Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Ineffective Policymaking and Price Delays Upstream Investment in South Africa
Namibia Oil & Gas Exploration Market
Table 36: Namibia Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 47: Namibia Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Drilling Commitments On The Rise
Namibian Investments Increasingly At Risk
Namibia: Africa’s next big oil frontier?
Malawi Oil & Gas Exploration Market
Table 37: Malawi Oil & Gas Exploration Market Forecast 2011-2020 ($m, AGR %)
Figure 48: Malawi Oil & Gas Exploration Market Forecast 2011-2020 ($m)
Malawi’s Oil Exploration Licences and Agreements should be cancelled according to Attorney General
SWOT of African Oil & Gas Exploration Industry
Strengths
Oil Demand
Reservoir Complexity
Frontier Markets
Weaknesses
Price Volatility
Contract Operations
Multi-Client Operations
Seasonality of Contracts
High Fixed Cost
Currency Fluctuations
Intense Competition
Hazardous Operating Conditions
Opportunities
Niche Markets
Technological Development
Growing Unconventional O&G Plays
Environmental Concerns
Nuclear Phase-Out
Threats
The Oil Price
Regulation & Government Policy
Political Instability
Legal Challenges
Technological Change
Industry Trends And Developments
Sterling Energy Commences 3D Seismic Survey in Ambilobe Block off Madagascar
Spectrum ASA Commences Phase 2 of the 2D Multi-Client Cross-Border Survey Offshore Namibia and South Africa
Seabird's Northern Explorer Bags LOI for 2D Seismic Survey in West Africa
Swala Completes 2D Seismic Program Over Kilombero Basin in Tanzania
COMPANY PROFILES
Afren plc
Africa Oil
Anadarko
BG Group
Chevron
CNOOC
Eni S.p.A
ExxonMobil
Heritage Oil Plc
Kosmos Energy
Oando Plc
Ophir Energy
Royal Dutch Shell
Sasol Ltd
Statoil
Total
Tullow Oil
Conclusions
Glossary Of Terms
Methodology
How We Generate Our Industry Forecasts
Disclaimer
Appendix A
Appendix B
