Angolan overhaul: The Kaombo Sul facility scheduled to come on line in 2019 will help offset declining fields
Africa is back on the deep-water agenda
Drillers are starting to renew interest in African projects deemed too costly and risky
Confidence in the sub-Saharan African offshore sector has been boosted by the increasing availability of relatively low-cost floating production, storage and offloading (FPSO) and floating liquefied natural gas (FLNG) facilities. While the industry's successful efforts to cut operating costs during the recent downturn have also helped make African deep-water look a more attractive option. Both Nigeria and Angola, Africa's largest oil producers, are now having at least a modicum of success in revitalising the hydrocarbons sector after several lean years. Shell said in late July it hoped to finalise talks with Nigeria soon on a framework to expand its Bonga deep-water oil field, preparing the
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
