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.
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
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.