Global Business Reports


Alfonso Tejerina, Julian Issa, Ben Cherrington

Africa Oil and Gas 2019

November 05, 2019

In 2018, the value of Africa’s oil and gas exports was estimated at US$171 billion. In the same year, its precious metal exports, which represent the region’s second-largest commodity export category, were valued at US$77 billion, illustrating not only the continent’s reliance on its extractives industries but its particular dependence on oil and gas. 

Despite some challenges to working in the region, the oil and gas industry will remain a fundamental driver of the region’s economic prospects as the continent’s top commodity export category. The continent’s oil-producing nations have benefited from factors including maturing regulatory environments, a burgeoning local consumer market and the slow but steady growth of its local content capacity. Progress in the development of significant offshore assets has captured the attention of majors worldwide, in addition to new opportunities in gas reserves. As investors cautiously look towards Africa as the world’s last untapped frontier, we highlight six countries with particular promise in the pages of this publication: Angola, Nigeria, Mozambique, South Africa, Gabon and Ghana.


Greenline Logistics celebrates its 25th anniversary milestone in November 2019.
Galileo Technologies looks to Africa’s oil and gas industry as a huge potential market for its range of modular technologies.
Renergen discusses the next steps for its Virginia gas field – South Africa’s only onshore petroleum production project.
Oando, an indigenous player in Nigeria’s oil and gas industry, pioneered the development of the nation’s foremost natural gas distribution network.


SRK Consulting is an international consultancy service provider for the natural resource industry, operating in South Africa, DRC and Ghana.