This review of developments in the African oil and gas industry is the third in a series of reviews of the sector, which was initiated in 2010.
It draws upon the valuable experience and views of industry players in Africa, including international oil companies operating on the continent, national oil companies, service companies, independent oil companies and industry commentators, to provide insight into the latest developments impacting the industry.
In this edition, we take a look at what has happened in the last 12 months and in the major African markets. This year, we have also included a selection of country profiles to highlight developments in a number of emerging markets. We trust that they will provide a useful snapshot of the key features of these markets.
The sector is experiencing significant growth, with East Africa emerging as a significant oil and gas province as a result of the large gas finds in Mozambique and Tanzania, and oil potential in Uganda and Kenya.