Oil Economy Focus Rapid Review
A total of 64 planned and announced crude and natural gas projects are expected to commence operations in sub-Saharan Africa between 2018 and 2025. The total crude and condensate production from announced and planned projects is expected to be around 2 million barrels per day in 2025 and the total natural gas production in 2025 is about 8.1 billion cubic feet per day. Proposed capital expenditure of $40.7 billion is expected to be spent on development of planned projects and $117.1 billion on key announced projects. The top three countries in terms of highest planned capex spending are Nigeria, Mozambique and Angola with around $17.3 billion, $7.7 billion and $5.1 billion respectively during 2018–2025.
LINK TO THE SOURCE ARTICLE: Nigeria and Mozambique dominate capex outlook
