Africa oil and gas reserves are receiving much attention and interest form foreign investors across the world.
Africa oil and gas reserves are evident and receiving a lot of hype in 19 African countries so far. Significant players to the global industry due to abundant Africa oil and gas reserves have resulted in valuable investment opportunities across the continent. New discoveries of Africa oil and gas reserves show no sign of slowing down.
Production of most of Africa oil and gas reserves remain largely focused in 6 countries such as Nigeria, Libya, Algeria, Angola, Sudan and Egypt. Additionally there have been significant new discoveries in Ghana, Tanzania, Mozambique and Uganda, with African oil and gas reserves in other countries such as Sierra Leone, Mali and Kenya.
Africa Oil and gas reserves summary
By the end of 2010, African oil and gas reserves were projected at a value ranging between 200 and 210 billion barrels of oil equivalent.
The conventional forecasts and Africa oil and gas reserves’ specialists see Africa oil and gas reserves remaining to grow over the next quarter century with projections said to range between 0.5 million and 2.0 million barrels per day.
Africa oil and gas reserves and its supply has vastly grown in recent years, and forecasts of growth supply are dramatically stronger than for oil, with supply possibly doubling to roughly 15 tcf by 2035.