Future of Hydrocarbon In Africa
Introduction Hydrocarbons are the result of the slow transformation of organic material underground and underwater, in conditions of low oxygen, high temperatures, and high pressures. When talking about hydrocarbons, there is an important difference to be made between “resources” and “reserves”. In order to become reserves, resources need to be carefully assessed in quantity and […]
African Countries In Perspective: Nigeria
Nigeria ranks sixth-largest producer of oil in the world and number one largest producer in Africa. It is pertinent to state that Nigeria has greater potential for gas than oil as her rank fluctuates between seventh and ninth in the world. Knowing that natural gas has a strategic advantage over other fossil fuels in the […]
African Countries In Perspective: Uganda
Currently, Uganda’s confirmed petroleum base is currently at 6.5 billion barrels of oil in place. This is also known as Stock Tank Oil -Initially-In-Place (STOIIP). Of this, between 1.4 and 1.7 billion barrels are recoverable. The country is currently working on two (2) development plans; Tilenga and Kingfisher Development Projects. To successfully carry out these […]
African Countries In Perspective: Ghana
After more than a decade of unsuccessful exploration, the state-owned Ghana National Petroleum Company has recorded a successful discovery of significant deep-water oil and gas reserves after seeking partnerships with international companies to aid their efforts. The field is now called the jubilee field. Since production began in 2010, Ghana’s parliament passed an extensive amendment […]
African Countries In Perspective: South Africa
In recent times, South Africa’s hydrocarbon resources have attracted international oil companies. This has led to the acquisition of several offshore exploration interests by Shell, Total, and ExxonMobil. South Africa’s proven oil reserves is approximately 15 million barrels. However, oil and gas production in South Africa is relatively insignificant, one of the major reasons for […]
African Countries In Perspective: Angola
Angola is the second-largest oil-producing country in sub-Saharan Africa and an OPEC member with an output of approximately 1.55 million barrels of oil per day (BPD) and an estimated 17,904.5 million cubic feet of natural gas production. Angola holds approximately 9 billion barrels of proven oil resources and 11 trillion cubic feet of proven natural […]
African Countries In Perspective: Ethiopia
Ethiopia commenced production for the first time in June this year. The production was at two fields in the eastern party of the country; at Kalub and Hilala fields. This exciting event has since then risen the hopes of the nations in generating foreign exchange and creating employment opportunities for the citizens. According to the […]
African Countries In Perspective: Cote D’Ivoire
Cote D’Ivoire has proven reserves of 100 million barrels, however, it has only one active refinery which was built in 1965. This refinery is a complex hydrocracking refinery which has a capacity of 75,000 barrel per day and a utilization rate of 90%. This refinery provides the country with nearly all refined products consumed domestically […]
African Countries In Perspective: Libya
Libya is among the most attractive exploration prospects globally. It holds the largest proven oil reserves in Africa, accounting for more than a third of the region’s total. Around 80% of Libya’s proven reserves are located in the Sirte Basin, which is responsible for 90% of the country’s oil output. The remainder of the country […]
African Countries In Perspective: Egypt
The oil and gas industry is one of the most dynamic industries in Egypt, and hydrocarbon production is by far the largest single industrial activity, representing in 2016/2017 approximately 16 percent of Egypt’s gross domestic product (GDP) and 30 percent of the foreign direct investment (FDI) in-country. (export.gov 2018). Egypt has a proven reserve of […]