10 May 2019
Posted in Energy
Nigeria dominates crude production outlook from greenfield projects in sub-Saharan Africa over next six years
Nigeria will contribute 46% of sub-Saharan Africa’s total crude production from planned and announced projects (greenfield projects) in 2025, according to GlobalData, a leading data and analytics company.
The company’s report: ‘H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Sub-Saharan Africa – Nigeria Dominates Crude Production and Capex Outlook’ reveals that besides crude production, Nigeria will also contribute 25% of sub-Saharan Africa’s total natural gas production from planned and announced projects in 2025.
Nigeria leads sub-Saharan Africa with crude and condensate production of 1,046,940 barrels per day (bd) in 2025. Angola follows Nigeria with production of 422,652 bd in 2025. Nigeria and Angola together will contribute around 65% of total crude production in 2025. Uganda, Congo Republic and Chad are the next biggest contributors, with around 15% of sub-Saharan Africa’s total crude and condensate production from planned and announced projects.
Dipayan Chakraborty, Oil & Gas Analyst at GlobalData, comments: “Nigeria is continuing to ramp-up its crude and natural gas production mainly for exports. Major crude oil projects such as Bonga Southwest/Aparo, and Owowo West, and gas projects such as Ohaji South and Uzu will help the country to maintain production lead in sub-Saharan Africa”
In sub-Saharan Africa, a total of 70 crude and natural gas projects are expected to start operations during 2019–2025. Among these, 18 represent the number of planned projects with identified development plans and 52 represent the number of early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.
In terms of number of planned oil and gas projects, Nigeria also leads among countries with eight projects, followed by Mozambique and Chad with two projects each. In terms of announced projects, Nigeria once again leads with 21 projects, followed by Angola with seven projects.