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  • Africa: Africa is unstoppable


    P. Gawenda, J-M. Conne, A. Hayman, M. Marchat and D. Massaras, IHS Energy Global E&P Services

    The petroleum landscape in Africa is changing rapidly, yet confidence that the continent develops into a worldwide petroleum center remains unchanged. The optimism has been substantiated again during 2002, bringing new acreage offers, substantial onshore/offshore hydrocarbon discoveries, commissioning of numerous fields, and development of much needed infrastructure. A push to divert US' oil dependence from the Middle East led to a new rush in Sub-Saharan Africa and to the marginally tapped reserves of Angola, Equatorial Guinea and Nigeria, where major discoveries receive fast-paced development programs.

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