The big, flagship African projects that we all thought were going to take Final Investment Decision in 2018, are still largely on the drawing board.
It is the last week of November 2018 and the much anticipated Ugandan basin wide oil development has not reached sanction and will not reach sanction in the next 30 days. That’s official.
Neither are the Nigerian deepwater Bonga West Aparo and Zabazaba likely to get closure in the year.
These are the big oil projects.
In gas valorization, the Nigerian LNG is pushing to get its >$13Billion Train 7 project out of the long process of decision analysis and into sanction. The Fortuna LNG in Equatorial Guinea doesn’t look closer to construction. Investment decision on Mozambique’s first onshore LNG plant has been moved to next year.
And the ANOH gas project in Nigeria is, for now, largely discussed in whispers.
But the November 2018 edition of the Africa Oil+Gas Report, already in the hands of paying subscribers worldwide, is not entirely about flagship projects that have struggled to gain traction.
This magazine’s drawing card is the several 200-300 word pieces of storytelling, which makes it the sunny continent’s most compelling monthly compilation of oil and gas market intelligence.
The Africa Oil+Gas Report is the primer of the hydrocarbon industry.
It is the market leader in local contextualizing of global developments and policy issues and is the go-to medium for decision makers, whether they be international corporations or local entrepreneurs, technical enterprises or financing institutions.
Published by the Festac News Press Limited since November 2001, AOGR is a monthly publication, delivered to subscribers around the world. Its website remains www.africaoilgasreport.com and the contact email address is info@africaoilgasreport.com. Contact telephone numbers in our West African regional headquarters in Lagos are +2348028354297, +2349091009800, +2348036525979 and +2347062420127.
Please click on this link to grab your copy.
Concise & Impressive information ! The latest oil discoveries among African countries attract the several oil majors towards them. Major oil and gas producers in Africa such as Uganda, South Sudan, Tanzania, Ghana and Kenya are poised to join the ranks of oil-producers.