Exploring for Oil and Gas in East Africa

abarrelfullabarrelfull wrote on 03 Jan 2012 14:20

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Until 2006, East Africa was a complete backwater as far as oil & gas exploration was concerned. North Africa and West Africa were where the big money was invested, and where major oil producers such as Libya, Nigeria and Angola are located.

Yet today, we have a constant stream of news from the countries of East Africa.

Today in Tanzania

Ophir announces the start of its 2012 drilling programme in Tanzania with the drillship Odfjell Metro-1. The first three wells in the programme will be Jodari-1, Mzia-1 (previously named 1W) and Papa-1 (previously named 3A).

Whilst ENI visits what could be one of its most important countries

The President of the Republic of Mozambique, Armando Guebuza, and Eni's CEO, Paolo Scaroni, met today in Bilene, in south Mozambique, to discuss Eni's ongoing activities and projects in the country.

In both Mozambique and Tanzania there are plans afoot to build LNG terminals, to monetise the large reserves being discovered there. Menawhile exploration continues in Kenya and Ethiopia, and even interest in war torn Somalia.

Interest was piqued by Tullow's big discovery in Uganda in 2006, which promises to turn that country into a major player. Currently Mozambique looks to be the next big play in the region, but who can tell, so little drilling has been done in the region that we cannot be certain of anything. As of the end of 2010:

There have been less than 500 wells drilled in East Africa compared to over 14,600 wells in West Africa and 19,000 in North Africa.

That number is increasing rapidly, and some companies are going to do very well. To see who is active where, check out the Country Oil & Gas Profiles

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