GLOBAL REACH WITH A LOCAL TOUCH.

  • Africa has proven natural gas reserves of 502 trillion cubic feet (Tcf) with 90% of the continent’s annual natural gas production of 6.5Tcf coming from Nigeria, Libya, Algeria and Egypt.

  • On average, transactions worth USD1 billion occurred every 17 days in the oil & gas industry during 2013.

  • Organisations identified safety, health, environment and quality (SHEQ) as the most significant factor that would affect their companies’ businesses over the next three years.

  • In 2012, the survey showed that 25% of the total workforce at respondents’ companies comprised expatriates.

  • Africa’s oil and gas potential will grow significantly over the next two decades, driven by population growth, urbanization and the emergence of a wealthier middle class on the continent.

  • Six of the top 10 global discoveries in the oil and gas sector in 2013 were made in Africa.
  • China and India have grown to be the biggest importers of African oil.

  • Although finding oil and gas in Africa can still be low cost, developing it needs deep financial investment and long-term commitment.

  • Governments and national oil companies play a significant role in sustaining growth and development in Africa’s oil & gas sector.