East African oil and gas reserves show promise
Drilling has shown East Africa to be rich in oil and gas. Now the region and its investors must do the hard part, and turn the reserves into production and income
A new oil and gas province with world-class reserves and shipping proximity to the burgeoning demand centres of Asia is emerging. From Uganda’s onshore to the Rovuma Basin off the coasts of Mozambique and Tanzania, a region long ignored by international oil companies is now bursting with opportunity. Uganda’s prospective upstream is leading this. Thanks to scores of wells drilled by the UK’s Tullow Oil in the Lake Albert region, the country’s recoverable reserves could amount to more than 2.5 billion barrels. This is oil that should make a profound difference to a region strangled by inefficient imports and energy poverty. It will make a difference to the world, too. Between them, South Suda
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