WEST AFRICA

WEST AFRICA

POPULATION: mm

AREA (on): ,000 km²

OIL PEAK: 2016 (forecast)

SUPPLY

West Africa is seeing and will continue to see for at least 5 years exceptional oil output growth from offshore areas. This is almost solely due to oil from the deep waters of Angola, Nigeria and other countries south of Nigeria plus Ghana. By 2014 the rate of increase will be reduced and the region will then reach peak output soon after.

Gas production is comparatively modest but is also growing rapidly as new LNG plants and pipelines are planned and flaring is reduced.

DEMAND

As new gas supplies come onstream indigenous consumption is growing. There are also some above average increases in oil consumption in the new exporting countries of Angola and Equatorial Guinea.

However these will still allow strong growth in exports of oil and, from 2011, gas. Exports of oil flatten off after 2013 in response to lower rates of production increase.

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this region can be commissioned,

including all relevant charts. Contact us for price and contents list.