The Deloitte Guide to Oil and Gas in East Africa has been saved
The Deloitte Guide to Oil and Gas in East Africa
2014 edition of Deloitte’s guide to the upstream industry in East Africa
In the twelve months since our first edition, East Africa has continued to hit the industry headlines and it seems safe to predict that this will continue for the rest of 2014. September 2013 saw Uganda issue its first production licence (for the Kingfisher field) with the expectation that others will follow in 2014, along with finalisation of plans for a new oil refinery at Hoima. In Tanzania continuing exploration has added to the country’s offshore gas reserves and a new licensing round was launched in October. Mozambique is expecting FID for its huge offshore gas reserves during 2014 with plans to construct a 4 train LNG plant with a 20 million tonne per year capacity. Kenya has seen further exploration success and more offshore drilling is planned for Kenya’s exclusive economic zone in 2014.
Our new edition updates the information provided last year but also adds a new country: Ethiopia. Whilst Ethiopia far enjoyed only limited exploration success it does have potentially commercial gas reserves and promising geology. We expect interest in this country to increase in the coming months.
From sleepy backwaters to bonanza - now every potential hydrocarbon basin across East Africa is the subject of intense interest including significant onshore oil discoveries in Uganda and Kenya, and world-class offshore discoveries from Tanzania and Mozambique.
We have also seen an influx of majors, super-majors and big independents. Indeed so rapid has the industry's progress been that this slim volume has been through a number of re-writes before it even reached the public domain. We have no doubt that we will be continuing that process over the coming year, so please look out for our 2014 edition next year.