Monday, December 03, 2018/12:43AM/Deloitte
The African continent continues to boast a vast array of potential opportunities, particularly in the oil and gas (O&G) sector. The sector has historically been a primary driver of economic growth and is once again attracting investor interest as international energy prices recover. Africa’s proven oil and gas reserves account for 7.5% and 7.1% of global reserves respectively.
This looks to provide an overview of the most notable destinations for O&G activity and investment across nine of SSA’s O&G-producing countries, and thus a focus on where to play in what remains an upstream-focused industry. We conclude by providing an overview of the key considerations to winning in the African O&G sector and to overcoming the challenges identified.