Over the next 20 years Sub-Saharan Africa will see momentous changes in the upstream and midstream sectors of the oil and gas value chain.
Since 2000, exploration activity has confirmed the regions oil and gas potential, with many countries confirming oil and/or gas reserves.
Sub-Saharan Africa’s refineries are old and ageing and Sub-Saharan Africa is under-invested in refining capacity relative to other regions of the world.
Offshore Oil & Gas Activity
Current offshore activity is heavily focused on West Africa closer to central Africa. In the next few years this is expected to change significantly with increased activity off the coast of East Africa and Southern Africa.
Africa has no significiant domestic infrastructure for oil & gas as it did not have appropriate levels of domestic demand to justify investment in logistics infrastructure to move product in and around Africa. However, this is expected to change as Africa’s economies develop following years of economic growth that has led to a middle class population and some affluent urban inhabitants.
Sub-Saharan Africa: Current vs Future Oil & Gas Activity
This section contains a graphical depiction of current and future oil & gas activity in Africa based on an assessment of global developments and regional developments in Africa that will affect demand for oil and gas from Sub-Saharan Africa. It must be noted that images represent concentration rather than actual numbers.
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