Deepwater Insights - Africa Cover

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Deepwater Insights – Africa The rise of the smaller nations

West Africa has suffered in the downturn and, despite significant resources still waiting for development, industry engagement in the region remains muted. Smaller nations such as Gabon, Morocco and Mauritania are seeing increases in new drilling activities whilst the traditional larger nations of Angola, Nigeria and the Ivory Coast are seeing their new activities dwindle. New licencing rounds from Congo, Guinea, Ivory Coast and Sierra Leone  are hoping to stimulate interest in the region but even if the discoveries off Senegal, Mauritania and Equatorial Guinea can be developed cost-effectively and West Africa sees an activity uptick, they will still have to play catch-up to compete with the more cost competitive deepwater regions of the US Gulf and Latin America. East Africa is also showing encouraging signs of activity with Eni sanctioning Mozambique's first offshore field and Statoil exploring their acreage off Tanzania....

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