West Africa—ready to blossom
The region looks forward to a year of intensified oil and natural gas activity
With Brent crude oil prices set to end 2017 averaging around $54 a barrel, exploration activity in West Africa will resume once again. For a region that has witnessed significant problems over the past few years, which have constrained, discouraged or prevented exploration activities—ranging from the Ebola outbreak, changes of government in Gambia, heightened militant attacks in Nigeria and court cases between Côte d'Ivoire and Ghana—it's certainly a positive development that explorers are gradually starting to ramp up activities. In reality, things have already started to get moving. It began in late 2016, when ExxonMobil drilled its first well in Liberia (although it turned out to be a dry
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!