Related Articles
Africa is seeing a shift away from play-opening exploration
Forward article link
Share PDF with colleagues

Letter from Africa: Upstream opportunities abound as majors step back

There are plenty of large sellers and smaller buyers, but there may be a medium-size missing piece

It would seem sensible, with the oil price surging past $75/bl, to continue with relatively underexplored and underexploited African plays within diversified portfolios. But assets with decent returns and operational flexibility are being considered divestment candidates by majors and large IOCs when, even in the very recent past, they would have been considered core. They now form part of an unprecedented opportunity set for would-be buyers. Not all the big boys are packing up shop in Africa. TotalEnergies remains committed and is even bucking the trend, with plans to drill one of the deepest deepwater wells, Ondjaba in Angola, as well as frontier wells in Cote d’Ivoire and Namibia. Italy



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beijing strives to balance security and decarbonisation
15 October 2021
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
Occidental exits Ghana
15 October 2021
The US super-indie is divesting its assets in the country
Gran Tierra cranks up the gears
14 October 2021
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video