Upstream West Africa Summit 2020
The Upstream E&P spotlight is once again firmly placed on the prolific region of West Africa. With recovering oil prices and the huge growth in the global gas market, from licensing rounds to deepwater drilling through to FLNG developments & oil production, West Africa is set for a busy 2020 and beyond.
Super Major BP have recently signed the JOA with The Gambia National Petroleum Company (GNPC) to operate the offshore A1 Block, adding to their acreage this follows the confirmation of the FID (Final Investment Decision) on the Mauritania & Senegal cross border giant offshore Tortue/Ahmeyim gas project. Cairn Energy & Woodside Energy have submitted the development plans to the Senegalese Government
for the world class SNE Field which aims to bring the first FPSO into Senegal. FAR Ltd & PETRONAS recently drilled the SAMO prospect and have another commitment to drill another well in 2012 which can really open the MSGBC basin beyond the confirmed discoveries in Mauritania/Senegal into The Gambia.
FAR ltd & PETRONAS are currently drilling the SAMO prospect which can really open the MSGBC basin beyond the confirmed discoveries in Mauritania/Senegal into The Gambia. The Sierra Leone Petroleum Directorate will launch the fourth bid licensing round of deep and ultra-deep blocks covering 31,653 square kilometers and is hoping to replicate the fortunes of the MSGBC basin.
Liberia is also hoping to reignite interest from the international oil community with further licensing rounds which will spark another period of deepwater offshore exploration. Cote d’Ivoire is aiming to double Oil & Gas output to 200,000 BOE per day by 2020. With 4 producing blocks current output is 50,000BPD Oil and 240 MCF Gas mostly through Foxtrot International and CNR. A revision of the country’s block map covering 87,000 sq km of sedimentary basin, mostly offshore took place in 2017 and direct negotiations have seen a strong uptake from IOC’s.
Tullow acquired 4 new blocks alone and are expecting good results to compliment its operations in Ghana. Ghana has launched its first ever competitive bid round with three blocks in its offshore Central Basin. Initial indications from sources in the Ministry of Energy suggest that BP, Total, ExxonMobil, Chevron, Rosneft, Sinopec and CNOCC are all interested in bidding. Tullow is aiming to increase production to 180,000 BPD by the end of the year and has also committed to drilling 8 new wells in 2019. Nigeria is currently Africa’s No.1 Oil producer and 6th largest global producer at 2.5 million BPD. Nigeria is looking to increase its oil output by over 180,000BPD next year and gas output to 3.4 billion cubic feet per day by 2020.
Pretty much all of the Super Majors are present in Nigeria with Royal Dutch Shell looking to approve the Bonga South West project which will add 150,000BPD alone once completed. Indigenous Nigerian Operators such as First E&P, Seplat & Oando all have significant interest in marginal fields in Nigeria and are looking to grow their share of the market. The Upstream West Africa Summit is the only Oil & Gas event in West Africa that brings all of the industry leaders together from the region annually.
For 3 days the selected delegates gather together to knowledge share & discuss best practices through thought leadership, take 1-2-1 meetings and network. Now in its 6th year, the Upstream West Africa Summit has gone from strength to strength and promises to be the best yet.