Africa Oil Week (www.Africa-OilWeek.com) has launched two complementary reports, produced in association with Wood Mackenzie.
Both assess the impact of the latest supply and demand crisis in oil and gas markets, one with a global (https://bit.ly/30S45Nf) and the other with an African (https://bit.ly/2CnbElK) focus.
Posing the question “what’s next?”, the reports look at what has changed in the upstream and offer future projections, covering areas including:
- Development CAPEX
- Production (liquids and gas)
- Valuations
- Returns on pre-production projects
- Cash flow
Read side by side, the reports offer a unique opportunity to assess Africa’s position in the global hydrocarbons landscape. It’s no secret that the continent has been hit hard by the current crisis, with sweeping cuts and deferrals – particularly in high-cost deepwater projects in the west and LNG projects in the east. Nevertheless, with a growing, energy-hungry population, Africa appears to be resilient, with upstream capital expenditure forecast to exceed 2019 levels by 2022.
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Want to hear more about developments in the African oil, gas and energy space? Register now for AOW Virtual (https://bit.ly/3fXhGXY) – an unmissable online conference – to get access to the outlooks and discussions for free.
