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According to analysts Douglas-Westwood, Angola and Nigeria will attract 76% of West Africa’s oil-company dollars over the next five years. Excluding Angola and Nigeria, the company examined prospects in the region’s "second-tier" offshore nations, based on Infield Systems’ database. The conclusion was that eight countries could attract a combined $7.3 billion in Capex through 2005. The tiny island nation of Equatorial Guinea is forecast to attract the most investment. It currently boasts the region’s first deepwater production with ExxonMobil’s Topacio and Triton’s Ceiba fields; and six other fields are slated for development through 2005. Triton’s Okume field on Block G is being planned as an FPU.
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Houston, TX - November 4-5
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