With the increasing
projects related to oil and gas production and current scenario represents the
significant growth of the oil and gas production in the Sub-Saharan Africa. In
a research it is observed that the oil and gas industry in Africa pursues to
manifest considerable growth, with new hydrocarbon provinces advancing at an
important step. According to the report analysis, ‘H1 2018 PRODUCTION AND CAPITAL EXPENDITURE OUTLOOK FOR KEY PLANNED
UPSTREAM PROJECTS IN SUB-SAHARAN AFRICA – NIGERIA AND MOZAMBIQUE DOMINATE CAPEX
OUTLOOK’ states that Nigeria escort with the highest number of
planned projects, followed by Mozambique and Ghana. Moreover, the main
oppositions can be identified by the institutions in the oil and gas industry
have remained strongly unchanged with the top three problems of undetermined
regulatory structure, poor physical infrastructure and corruption also detected
as the huge challenges in the recent past years. Furthermore, the various
organizations were worked accordingly for facing these challenges and Nigeria
was one of the few countries where defendant did not appraise it to be of the
top-three issues or challenges to advancing the market.
By 2025, in
Sub-Saharan Africa, a total of 64 key crude oil and natural gas projects are
predicted to start operations whereas, key projects in Sub-Saharan Africa are
anticipated to grant up to 2 mmbd to global crude production and more than 8
bcfd to the global production of gas in 2025. In addition, the taxation concern
has also become an important issue to the companies of Africa as uncertain
taxation as well as a latest tax regulation has made a supplementary financial
burden for key players. Besides this the Africa is observing the advancement of
one of the more crude oil projects in the recent trend. Furthermore, there are
numerous projects around the globe that are integrating latest technologies in
order to continue the relevant projects are being developed in Africa. These
projects of crude oils are a revolutionary step in the oil and gas industry and
are expected to open a wide number of employments during the implementations of
projects. From the main operators, Eni East Africa SpA, Total Upstream Nigeria
Ltd, and Esso Exploration and Production Nigeria Limited steering in terms of
operatorship of planned and broadcast projects.
By the time numerous
development have been taken place in Africa that are supporting crude and
natural gas projects and these advancements are being brought related for the
dealing purposes. This evidently signifies the Africa’s potential in the oil
and gas production mechanism in 2025. Moreover, the government and national oil
key leading players playing a n efficient role in significant growth and
advancement in Sub-Saharan Africa’s oil and gas sector and many regions have a
host of strict rule and regulations that build challenges for key players and
investors to overcome across the globe. Furthermore, with the good governance
and realistic schedule in the Sub-Saharan Africa are deemed to be essential for
improved efficiencies and cost management. Therefore, in the coming years it is
expected that the production of oil and gas in the Sub-Saharan Africa will grow
with the more projects in this region over the decades.
For
more information on the research report, refer to below link:
Contact Us:
Ken Research
Ken Research
Ankur Gupta, Head Marketing and
communications
sales@kenresearch.com
sales@kenresearch.com
+91 9015378249
