Related Articles
Average African upstream carbon intensity is the worst for any continent, according to Rystad
Forward article link
Share PDF with colleagues

Double trouble for West African upstream

Corporate carbon goals and local regulatory regimes will determine whether the region’s deepwater sector can attract renewed interest from investors

West Africa saw a series of divestments and delays or cancellations to oil and gas projects last year following Covid disruptions and the collapse in oil and gas prices. But the global contraction in the E&P sector arguably only exacerbated the recent trend in the region, where international appetite for greenfield projects has dried up in the last few years—particularly in Nigeria, where yet another deadline for the country’s long-awaited Petroleum Industry Bill (PIB) is about to expire. Funding and carbon intensity The financial market which might fund renewed West African efforts is facing growing climate and transition pressures, says Julian Mylchreest, executive vice-chairman at B



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from South America: Bolivia's shrinking gas role
21 January 2022
Declining production and cheaper LNG threaten the country’s role as gas supplier to its neighbours
US LNG eases European storage crisis
20 January 2022
The US is set to play an even larger role in the global gas market this year, with the country gearing up to overtake Australia as the world’s largest LNG exporter
Wintershall Dea quits Brazil, Argentine shale
20 January 2022
The German independent is overhauling its Latin American portfolio
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video