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Article: Africa offers vast new areas for upstream exploration.
- Article from:
- The Oil Daily
- Article date:
- April 21, 2005
- Author:
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Has the real scramble for Africa only just begun? With the low-lying fruit in locales such as Angola, Nigeria and North Africa already picked, the oil industry is moving onto the rest of the continent. According to speakers at Wednesday's African Petroleum Forum in London, an unprecedented amount of African acreage is currently available--and with the decline of available hot plays in regions such as Latin America and Southeast Asia, a window of opportunity has opened that all expect to close quickly again.
Encouraged by record oil prices, a cadre of African nations has emerged to promote their geological potential, with vast stretches of onshore and offshore ...