West Africa Oil & Gas Forecast

Transcription

1 West Africa Oil & Gas Forecast The Customer Belinda Williams Driven Retailer Grounded in Insights, Fueled by Data and Analytics August 1, January 2014

2 Agenda 1 West Africa is an established region for Oil & Gas activity West Africa Oil Reserves West Africa Gas Reserves Future Scenarios

3 Sub-Saharan Africa Oil & Gas West Africa is an established region for Oil & Gas activity Sub-Saharan Africa is a vast region of approximately 27 million square kilometers. Geographically, it is the area of the continent of Africa that lies south of the Sahara Desert. Politically, it 3

4 Sub-Saharan Africa Oil & Gas West Africa is an established region for Oil & Gas activity Sub-Saharan Africa currently accounts for a relatively small percentage of world production and reserves for oil and gas. As at January 2014, Sub-Saharan Africa's share of world oil production and oil reserves was 6.52% and 4.26% respectively, and the share of gas production and reserves was 3.19% and 3.28% respectively. However, these production and reserve numbers are expected to grow significantly as the vast continent remains one of the last exploration frontiers for oil and gas, as evidenced by the exploration activity by upstream companies and significant oil and gas discoveries in the region. Sub-Saharan Africa Oil Production (barrel per day) Proven Oil Reserves (million barrels) Gas Production (cubic metres per year) Proven Gas Reserves (cubic metres) Production / Reserves Share of World % % % % SubSahara n Africa Sub-Saharan Africa map depicting the relative size of Africa ~27 million square kilometres 4

5 Sub-Saharan Africa Oil & Gas West Africa Oil Reserves Rank Country Reserves (MMbbl) Share of World Production 10 Nigeria % 18 Angola % 26 Ghana % 31 Gabon % 37 Congo, Republic of the % 38 Equatorial Guinea % 59 Cameroon % 71 Ivory Coast % 72 Mauritania % 92 Benin % Total % MMbbl = 1 million barrels 5

6 Sub-Saharan Africa Oil & Gas West Africa Gas Reserves Rank Country Gas Reserves (m3) Share of World Production 8 Nigeria % 42 Angola % 50 Cameroon % 56 Congo, Republic of the % 61 Namibia % 67 Equatorial Guinea % 70 Cote d'ivoire % 71 Mauritania % 72 Gabon % 75 Ghana % 96 Benin % Total % 6

7 Future Scenarios Africa Oil & Gas current vs proposed future activity Refineries: Sub-Saharan Africa is under-invested in refining capacity relative to the rest of the world. Offshore exploration: additional activity in East Africa. Local Africa demand: economic development in Africa will spur demand for natural gas. 7

8 Future Scenarios Africa Oil & Gas proposed future activity Sub-Saharan Africa the next 20 years Over the next 20 years SubSaharan Africa will see significant changes in the upstream and midstream sectors of the oil and gas value chain. Included in this section is an examination of current Oil & Gas activity and an assessment of proposed future Oil & Gas activity over the next 20 years. 8

9 DISCLAIMER Disclaimer The material in this presentation has been prepared by The South African Oil & Gas Alliance (SAOGA) and is based on information available at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast information, should not be considered as advice or a recommendation. Before acting on any information you should consider the appropriateness of the and the risk of adverse or unanticipated market, financial or political developments. This presentation may contain forward looking statements including statements regarding ourbelinda intent,williams belief or current expectations with respect to oil and gas Project Manager industry businesses and operations, market conditions, results of operation and Studio 604 6th Floor 4 Loop Street Cape Town 8001 financial condition, capital adequacy, T C specific provisions F and 0845risk management bwilliams@saoga.org.za practices. Readers are cautioned not to place undue reliance on these forward looking statements. SAOGA does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated 9 events.