oil-rig-offshore

East African Oil & Gas — Promising Potential, Limiting Obstacles

  • US Geographical Survey (USGS): African east coast could contain 8 billion bbl oil, 206.6 trillion cubic feet of natural gas, and 6.5 billion barrels of Natural Gas Liquids (NGL) at water depths (WD) >100m
  • Mozambique and Tanzania main areas of discovery (WD 300-2,500m)
  • Currently 4 ultra-deepwater drillships stationed in Mozambique and Tanzania; 17 potential requirements
  • Potential shortfall of up to 2 units between now and 2015
  • Sound regulatory frameworks and infrastructure yet to be implemented

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