According to investment research firm Hawilti, at least 26 drilling campaigns and rigs are scheduled to be active in Africa this year. Grace Goodrich, a Publications Editor at Energy Capital & Power, noted several markets which will be more active than others and lead the uptick in African upstream activity. In her opinion, Zimbabwe, South Africa, Namibia, Chad, and Nigeria are ‘the place to be’ if you are in the African oil and gas sector…
Zimbabwe’s Cabora Bassa Basin is home to a working conventional hydrocarbon system and Invictus Energy has already identified five prospects in the area that could hold up to 1.2 billion barrels of oil…
Currently producing around 93,000 barrels per day, Chad holds sizable untapped hydrocarbon potential, with approximately 1.5 billion barrels of proven reserves and vast areas located within the oil-rich Central Africa Rift System.
As Africa’s second-largest oil producer, Nigeria is maintaining its upstream momentum primarily through shallow-water exploration, including General Hydrocarbons’ drilling campaign on OML 120 and Chevron’s two-year campaign offshore Escravos starting mid-2023. French major TotalEnergies will also be conducting deep-water drilling through its planned infill drilling campaign on OML 130.
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