1、AFRICA ENERGY 2025Pre-Release EditionFirst Oil,End of OilGreenfield and mature players chart a new course 2025 is becoming a transformational year for the oil and gas industry in Sub-Saharan Africa as significant changes,transactions and policies are at play across the continent,both in mature and g
2、reenfield energy jurisdictions.Though the importance of oil and gas production in Africa is well known,it is crucial to point out that,per International Energy Association(IEA),crude oil production in Africa declined 13%between 2000-2022,pointing to a trend replicated in mature oil markets around th
3、e world,beset by natural production declines,but also reflecting some of the specifically African challenges of security and political instability that have also contributed to this decline,from Nigeria to Libya and other jurisdictions.A similar scenario has played in the midstream,with a 23%drop fo
4、r total oil products refined in Africa.West Africas upstream is particularly awash with changes.In Nigeria,Indigenous companies have,in multi-billion-dollar transactions,taken ownership of onshore IOC assets in the Delta,which represents a historic moment for Nigeria and Sub-Saharan Africas oil and
5、gas industry.In Senegal,Ghana and Cte dIvoire,upstream activity is accelerating.Eni launched Baleine Phase Two in Cte dIvoire,tripling oil production.Jean-Marc Kloss,SLB West Africas managing director,said:One of the most significant projects in West Africa is Enis Baleine development in Cte dIvoire
6、,which is Africas first net-zero upstream project.Beyond Cte dIvoire,SLB is involved in multiple high-profile projects across Ghana,Equatorial Guinea,Nigeria,Mauritania and Senegal.Despite the inherent challenges in West Africa,upstream development across the region unlocks opportunities for regiona
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