H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Sub-Saharan Africa - Nigeria Dominates Crude Production and Capex Outlook

H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Sub-Saharan Africa - Nigeria Dominates Crude Production and Capex Outlook

  • May 2019 •
  • 48 pages •
  • Report ID: 5775892 •
  • Format: PDF
H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Sub-Saharan Africa - Nigeria Dominates Crude Production and Capex Outlook

Summary
In sub-Saharan Africa, a total of 70 crude and natural gas projects are expected to start operations during 2019-2025.Among these, 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.

Major projects in Sub-Saharan Africa are expected to contribute up to 2.3 million barrels per day to global crude and condensate production, and 9.6 billion cubic feet per day to global gas production in 2025.

Nigeria leads sub-Saharan Africa with crude and condensate production of 1,046,940 barrels per day (bd) in 2025.Nigeria will contribute 46% of sub-Saharan Africa’s total crude production from planned and announced projects (greenfield projects) in 2025.

Angola follows Nigeria with production of 422,652 bd in 2025. Uganda, Congo Republic and Chad are the next biggest contributors, with around 15% of sub-Saharan Africa’s total crude and condensate production from planned and announced projects.

Nigeria is continuing to ramp-up its crude and natural gas production mainly for exports. Major crude oil projects such as Bonga Southwest/Aparo, and Owowo West, and gas projects such as Ohaji South and Uzu will help the country to maintain production lead in sub-Saharan Africa.

In terms of number of planned oil and gas projects, Nigeria also leads among countries with eight projects, followed by Mozambique and Chad with two projects each. In terms of announced projects, Nigeria once again leads with 21 projects, followed by Angola with seven projects.

The report "H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Sub-Saharan Africa - Nigeria Dominates Crude Production and Capex Outlook", reveals that besides crude production, Nigeria will also contribute 25% of sub-Saharan Africa’s total natural gas production from planned and announced projects in 2025.

Scope
- Oil and gas production outlook by key countries and companies in sub-Saharan Africa for 2019-2025
- Planned and announced projects count and starts by key countries and companies in the region
- Details of key planned and announced crude and natural gas projects in sub-Saharan Africa
- Capex and opex outlook by key countries and companies in the region.

Reasons to buy
- Understand oil and gas production outlook for sub-Saharan Africa
- Keep abreast of key planned and announced production projects in the region
- Facilitate decision making on the basis of strong data on oil and gas projects in sub-Saharan Africa
- Develop business strategies with the help of specific insights on sub-Saharan Africa production and capex outlook
- Assess your competitor’s planned oil and gas production projects.
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