Opportunities and challenges in Africa's changing energy landscape
<p>Five years ago books on African oil hardly mentioned East Africa. The region was also treated at international oil and gas conferences as the graveyard slot. No longer: today East Africa is the new oil and gas frontier, and Mozambique is the hot prospect with Tanzania not far behind. East A...
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2012
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| _version_ | 1797074791230865408 |
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| author | Vines, A |
| author_facet | Vines, A |
| author_sort | Vines, A |
| collection | OXFORD |
| description | <p>Five years ago books on African oil hardly mentioned East Africa. The region was also treated at international oil and gas conferences as the graveyard slot. No longer: today East Africa is the new oil and gas frontier, and Mozambique is the hot prospect with Tanzania not far behind. East Africa shows how quickly oil and gas frontiers shift and how new finds quickly change the way industry investors and analysts treat a region. The back story of African oil and gas is already impressive. Oil reserves in Africa are up more than 25 percent during the last twenty years and gas up by more than 150 percent over the same period.</p> <p>This is a story of how little has been explored, and how much is still to be found. East Africa is finally on the oil and gas map; compared with some 15,000 wells drilled in West Africa only 500 have been drilled to date in East Africa. Talk of peak oil is dead, partly due to new discoveries. South American pre-salt discoveries in Brazil have been all the rage, but the prospects that this geology continues across to the Gulf of Guinea is significant. Angola far from peaking in 2012 could have an extended life of an additional thirty years as a major oil exporter and could eclipse Nigeria. We need to constantly review our assumptions.</p> |
| first_indexed | 2024-03-06T23:41:19Z |
| format | Journal article |
| id | oxford-uuid:6f67cbb4-ec44-47f5-b000-0cb57a205a40 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T23:41:19Z |
| publishDate | 2012 |
| publisher | Oxford Institute for Energy Studies |
| record_format | dspace |
| spelling | oxford-uuid:6f67cbb4-ec44-47f5-b000-0cb57a205a402022-03-26T19:30:30ZOpportunities and challenges in Africa's changing energy landscapeJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:6f67cbb4-ec44-47f5-b000-0cb57a205a40EnglishOxford University Research Archive - ValetOxford Institute for Energy Studies2012Vines, A<p>Five years ago books on African oil hardly mentioned East Africa. The region was also treated at international oil and gas conferences as the graveyard slot. No longer: today East Africa is the new oil and gas frontier, and Mozambique is the hot prospect with Tanzania not far behind. East Africa shows how quickly oil and gas frontiers shift and how new finds quickly change the way industry investors and analysts treat a region. The back story of African oil and gas is already impressive. Oil reserves in Africa are up more than 25 percent during the last twenty years and gas up by more than 150 percent over the same period.</p> <p>This is a story of how little has been explored, and how much is still to be found. East Africa is finally on the oil and gas map; compared with some 15,000 wells drilled in West Africa only 500 have been drilled to date in East Africa. Talk of peak oil is dead, partly due to new discoveries. South American pre-salt discoveries in Brazil have been all the rage, but the prospects that this geology continues across to the Gulf of Guinea is significant. Angola far from peaking in 2012 could have an extended life of an additional thirty years as a major oil exporter and could eclipse Nigeria. We need to constantly review our assumptions.</p> |
| spellingShingle | Vines, A Opportunities and challenges in Africa's changing energy landscape |
| title | Opportunities and challenges in Africa's changing energy landscape |
| title_full | Opportunities and challenges in Africa's changing energy landscape |
| title_fullStr | Opportunities and challenges in Africa's changing energy landscape |
| title_full_unstemmed | Opportunities and challenges in Africa's changing energy landscape |
| title_short | Opportunities and challenges in Africa's changing energy landscape |
| title_sort | opportunities and challenges in africa s changing energy landscape |
| work_keys_str_mv | AT vinesa opportunitiesandchallengesinafricaschangingenergylandscape |