Overview East Africa’s Emerging New Hydrocarbon Frontier

Africa Supplies about 12 % of the World’s Oil and boasts about 8 % of World’s Proven Reserves. Africa’s Oil & Gas Industry is currently dominated North and West African Producers which produces 81% of the 9 Million barrels per day (9 mml/d) from World’s proven reserves of 132 BB/L.

However the Dynamics of the Africa Oil& Gas Industry is expected to change as East Africa Emerging as the New Frontier following a string of Large Gas Finds in Mozambique (153 Tcf) and Tanzania (43 Tcf ), and Significant Oil potential in Uganda (6.5 bbl) and Kenya (0.6 bbl).

Mozambique has made Giant Gas Discoveries in Excess of 153 Trillion Cubic Meters in Rovuma Basin that has created the Potential for another Africa super Player. With further exploration and Development it is expected that Mozambique could overtake Nigeria and Algeria as the African Country with the Largest Gas Reserves.

Mozambique is expected to become the 2ND Largest LNG Exporter in the World after Qatar by 2025, as the Country is projected to Step up Production up from 10 Million tons per Annum (Mtpa) in 2017 to an Envisaged 50 Mtpa. Raising Prospects of Construction of the First Liquefied Natural Gas Export Plant to Access the Lucrative Pacific Asia Markets.

Subsequently East Africa is Ripe with Opportunities for Investors. SBG Securities a Member of the Standard Bank Group Expect the First Oil and LNG from East Africa in 2020 E. The SBG report also Estimates an Aggregate of $100 billion in FDI Inflows into the region in the next five years to Develop c15 billion BOE which compares to an aggregate GDP of C$160 billion for these four countries give the Unprecedented scale and scope of these development Projects. Undeterred by the recent Slump Oil Prices Major International Oil & Gas Exploration & Production continue flock East Africa to Reserve Concessions in the Newly Found Hydrocarbon Province.

The Oil and Gas Industry has subsequently created massive opportunities for East Africa Economy; ranging from Oil & Gas Exploration, Port Development and Management, LNG Plant Engineering, Pipe Line Infrastructure and New Refinery developments and Upgrades. Others include Gas monetization projects for local use, methanol fertilizers and urea and Foreign Exchange inflows for the Financial Sectors.

Electricity Generation in East Africa

Facts & Figures/ Licensed Blocks

Sources of FDI

Exploration & Production Companies

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