The Southern African Oil and Gas Market Will See Capex of $18.55BN in 2015

The new report, now available on ASDReports, The Southern African Oil & Gas Market 2015-2025: Upstream Exploration & Development and Midstream Infrastructure Spending in Angola, Namibia, South Africa, Mozambique, Tanzania & Madagascar indicates that the Southern African oil and gas market will see capex of $18.55bn in 2015, including spending on both upstream exploration & development (E&D) and midstream infrastructure.

Southern Africa is the single largest region of Africa, a region that includes a diverse range of economies all at varying stages in terms of oil and gas industry development. OPEC member Angola and newcomer Namibia on the West coast are set to increase oil and gas production over the coming years with the continuing exploitation of pre-salt reserves. Mozambique and Tanzania are set to rapidly increase gas production to cater for burgeoning domestic and regional demand for gas-to-power facilities, as well as a desire to supply the resource-hungry economies of Southern Asia via LNG exports. South Africa is looking to expand its offshore operations, boosted by successes off its Western coast, as well as hoping to expand onshore shale gas development in the Karoo Basin to supply the needs of the region’s economies. Lastly, Madagascar is set to become one of the world’s most exciting emerging oil producers, and is currently vying for foreign capital along with other countries in the region to develop its large onshore, heavy oil and oil sands reserves over the coming decade.

The lead analyst of the report commented that: “The year 2014-15 has proved itself to be an exciting year for Southern Africa. Several up and coming producers are set to change the role that Africa as a whole will play in providing global oil and gas supplies. The most interesting developments in the region include the development of oil and gas fields offshore Namibia, the continuing rise of Mozambique and Tanzania as future major gas producers and the potential of Madagascar to exploit its heavy oil reserves.

Related Research on

Southern Africa Oil & Gas Market 2015-2025

There is no doubt that the oil price collapse has changed the outlook for many global producers, but it is important to note that, in Southern Africa, the industry is still very active. The diversity of supply and the range of new opportunities for both conventional and non-conventional oil and gas have meant that companies are still looking to invest in the region over the coming decade.”

The market has been broken down into two main submarkets: upstream exploration & development capex and midstream infrastructure capex, which are broken down further by category of spending. Ten-year forecasts and analysis are provided for both, along with forecasts and analysis for the 6 nations main countries in the Southern African region: Angola, Namibia, South Africa, Madagascar, Mozambique and Tanzania, as well as a cumulative market for the Rest of Southern Africa (Botswana, Lesotho, Swaziland, Zambia and Zimbabwe). The report also contains profiles of the leading companies in the market, details on the latest development in all oil & gas blocks in the region and analysis of the costs and timings of major projects.

The Southern African Oil & Gas Market 2015-2025 report will be of value to anyone who wants to better understand the region and its dynamics. It will be useful for businesses already involved in the Southern African oil & gas market, or for those wishing to enter this growing region in the future.

Read more on ASDReports!

Source: ASDReports - Market Research
Date: Oct 29, 2015