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 WEST
AFRICA
West Africa is seeing and will continue to see
exceptional oil output growth from offshore areas. This is almost solely
due to oil from the deep waters of Angola, Nigeria and countries south
of Nigeria.
 By
2011 the rate of increase will be reduced but the region will still not
have peaked before 2015.
Gas production is comparatively modest but is also
growing rapidly as new LNG plants and pipelines are planned and flaring
is reduced.
As new gas supplies come onstream, especially as flaring
is outlawed, so indigenous consumption is growing. There is also some
increase in oil consumption in the new exporting countries of Angola and
Equatorial Guinea.
However these barely affect strong growth in exports of
oil and, after 2007, gas. Exports of oil flatten off after 2011 in
response to lower rates of production increase from the deep waters. It
remains to be seen by how much Angola will restrict oil supplies after
joining OPEC in early 2007.
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