Oil and gas in sa with south africa currently importing the bulk of its oil needs, the prospect of becoming selfsufficient in terms of this much sought after resource for at least four years is a most welcome development which should boost the countrys economy immensely. Oil production in the east africa rift valley faced nearly a decade of delays due to. Adapted from a presentation given at the east africa petroleum province of the 21st century conference, the geological society, burlington house, london, 2426 october 2012. For the companys kenya operations, pwc provides tax compliance services and advisory services including preparation of tax computations and filing of. Minister tina joematpettersson south africa gas statement.
In the world of upstream oil and gas, the emergence of a major new prospective area always. About us africas premier report on the oil, gas and energy. Promotion and regulation of oil and gas exploration and production in south africa 2. Potential impact on international investment in south africas oil and gas sector by greg nott, director at werksmans attorneys and david forfar, energy consultant at stronachs llp aberdeen, scotland africa legal brief too has the demand for oil and gasrelated august 20. We offer peerless perspectives and insights on policy issues and technical innovation in the african oil and gas industry. East africa are attractive to the oil and gas industry due to the excellent.
The position of oil companies toward east africa has changed considerably since 2006 when. The oil and gas industry in kenya is governed by the petroleum. Few have wanted to pay the cost of searching for oil or gas in the region, or risk drilling wells in volatile countries such as uganda, mozambique or somalia. But better technology, lower risk in some of the countries and higher oil. Large oil discoveries around ugandas lake albert in 2006 and subsequent gas discoveries offshore. East africa regional cooperation in oil and gas 1 east african community, 2000, the treaty for the establishment of the east african community, pp. The company is listed on the toronto stock exchange and nasdaq stockholm under the symbol aoi. As a professional services firm with a long history of working with the oil and gas industry both private sector players and governments, deloitte is committed to making oil and gas a success story for this region. Afroil highlights company activity throughout africa, from planning and investment to production and results. Deloitte east africa oil and gas deloitte energy and. Uganda cited cost and security concerns as the reason.
Our energy lawyers have advised on numerous complex, multibillion dollar africabased oil and gas transactions in recent years and have extensive experience serving energy clients across the african region. With only 500 oil wells drilled so far compared to west and north africas 35,000, the estimated volume of the gas reserves remaining is around 100 trillion cubic feet. Ethiopian airforce and elwerath staff rest in the shade of their aircraft in the ogaden, circa 1962. Assessment of undiscovered oil and gas resources of the. The middle east and north africa in a changing oil market by. The book, a joint work of the african development bank afdb and the african union au, presents a comprehensive analysis of the oil and gas resources in africa. Oil exploration and production in africa since 2014 ifri.
East africa gas oxford institute for energy studies. East africas oil and gas sectors a difficult forecast 21. Further these guidelines are in line with national environment waste management regulations, 1999. South africa, swaziland, lesotho 4849 renewablessustainability 50 upstream oil and gas nocs, state regulators 51 opec, gecf 51 north africa 52 morocco 53 lgeria 54tunisia 56 libya 57 egypt 5860 ssa bigger players 61 cameroon 62 nigeria 63 ng erdlta 64 5 equatorial guinea, stp 66 gabon 67 republic of congo 68 angola 6869 sudan, south sudan 70. Pwc oil and gas forms part of this business transformation 3 october 2015from fragile to agile gas reserves 499. The market for east africas oil and gas downstream is expected to grow at a cagr of more than 2. Gas journal, and energy currently, oil and gas production and proved reserves are limited in east africa. Ive gotten in trouble before for calling them a bunch of credulous boomer rubes, but have a look at the demographic of any person at these stupid protests in proplague america. The paradox of the black gold 341 because of the con. In uganda, discovered contingent resources are estimated to be around 1. Managing natural resources for development in east africa land rights issues and the link to oil and natural gas exploration. Exploration activity in east africa is no longer solely the domain of oil and gas juniors. Nov 16, 2015 pwc oil and gas forms part of this business transformation 3 october 2015from fragile to agile gas reserves 499.
Potential impact on international investment in south africa. Projections of demand for natural gas up to 2020 by the international energy agency iea, 2002 suggest continued gains for gas in the global energy balance, while oil is expected to just maintain its present share. The arrival of the international oil and gas industry offers hope of a better life for millions. More than 80% of the 1 300 blocks in north africa are licensed, while in subsaharan africa it is estimated. East africa s potential oil production 227 000 bpb by. Oil and gas in eastern africa policy center for the new south. Once the discoveries are assessed and we move past the initial question of how the potential resource base was previously overlooked, attention focuses on the likely ultimate scale of the resource, the cost.
The deloitte guide to oil and gas in east africa where. Gas success along the margin of east africa, but where is all. Pdf oil exploration and production in subsaharan africa, 1990. As minister of energy my responsibility is to ensure that south africa has sufficient, diverse and secure energy available to its citizens and the economy of the country not only now, but also in the future. For the companys kenya operations, pwc provides tax compliance services and advisory services including preparation of tax computations and filing of tax returns. This is first of all the case in east africa, for oil, in uganda and kenya, along with gas. More than 80% of the 1 300 blocks in north africa are licensed, while in subsaharan africa it. The east africa region is a core growth area for tullow. In comparison to other regions on the continent, east africa produced the least amount of oil in 2012, was the second smallest gas producer in 2011, held the second lowest level of proved oil and gas reserves as of january 1, 20, and had.
Economic and oil industry statistics about some of. Diana france and michael burgess of holman fenwick willan and isaac kabuye of the ugandan directorate of petroleum assess recent reforms to the legal framework for oil and gas exploration and production within kenya, uganda and tanzania, aimed at encouraging foreign direct investment, and modernising sectoral regulation. The most significant growth in oil and gas investment on the continent has occurred in east africa with discoveries in kenya, uganda, ethiopia, madagascar. The middle east africa oil and gas supply demand outlook to 2025 offshore deepwater exploration key for production growth report has been added. Petroleum industry governance bill pigb was passed by the. Our readers are petroleum industry technical and commercial professionals, as well as project financiers and business types looking to take advantage of the growing opportunities in the oil and gas industry in africa. The visit of us assistant secretary for fossil energy, steven winberg, to this years africa oil week event in cape town highlights the importance that the united states put in. Although finding oil and gas in africa can still be low. Oil and gas reserves in south africa department of energy. Some 85 countries involved in africas oil and gas industry will be represented at africa oil week this year.
East africa oil and gas downstream market growth, trends. Brownfield most likely began in the latest jurassic or earliest cretaceous, and it continues today in the offshore parts of the assessment unit. Oil and gas in africa supplement to the african development report oil and gas in africa african development bank and the african union 9 780199 565788 1 isbn 9780199565788 the book, a joint work of the african development bank afdb and the african union au, presents a comprehensive analysis of the oil and gas resources in africa. But better technology, lower risk in some of the countries and higher oil prices in recent years have changed the equation. Tanzania is the most mature of east africas petroleum producers. Drilling in the region, involving some 18 companies, is taking place in nearly 30 offshore coastal areas in southern kenya, southern tanzania, and northern mozambique. Archiving all data under department of mineral resources headed by hon. As the major economy in the region, underpinned by good infrastructure, an attractive living environment. The stanford natural gas initiative natural gas in east africa. Factors such as increasing demand for oil and natural gas are expected to boost the demand for the east africa oil and gas. Download the article here localisation in africas oil and gas industry. In kenya, tullow estimates that the south lokichar basin contains a recoverable resource range of 240 560 1,230 mmbo 1c2c3c. The middle eastern region is abundantly endowed with oil and gas resources. In the world of upstream oil and gas, the emergence of a major new prospective area always creates a frisson of excitement.
The scope, scale and spread of current and future oil and gas infrastructure development projects in east africa is positioning the region as a hotbed of oil and gas exploration, investment and development. East africa modernises its upstream oil and gas sector alb. Oil and gas in east africa introduction after decades operating in the shadow of north and west africa, east africa is finally emerging as one of the most significant players in the continents oil and gas industry. Describing the situation of discoveries, reserves and actors in this vast zone in east africa is an exercise demanding constant revisions and updating given the rapid acceleration of explorations following the first discoveries that were commercially consideredprofitable. Most generated hydrocarbons migrated into cretaceous and paleogene reservoirs and traps. Pwc africa thanks all of the participants who contributed to the process by responding to our survey questionnaire. Africas premier report on the oil, gas and energy landscape. Almost half of these blocks are open, subject to force majeure or in the application phase. Angola is the first in a series of country profiles that we will release in the runup to the event. Mauritania and senegal are good examples of countries where hydrocarbons have recently been discovered. Assessment of undiscovered oil and gas resources of the morondava province, east africa by michael e.
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