Interest in West Africa’s exploration and production scene is building up steam as the oil and gas industry emerges from the extended downturn. The region’s wealth of resources remains a huge draw for operators, who are training their sights on established plays off Nigeria, eyeing potential discoveries in Ghana’s ultra-deep and battling to secure acreage in the hot new plays off Mauritania and Senegal.
Along with bigger exploration budgets, companies are eyeing billions of dollars of investments in oil, gas and liquefied natural gas schemes while West Africa’s nations are keen to boost local content capacity and expand energy infrastructure.
This week, Upstream takes an up-to-date look at the exploration potential, projects, promise and challenges of this vibrant region.
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