PUBLICATION

Oil and Gas Investor

AUTHORS

Gabrielle Morin, Sarah Hussaini, Karim El Badrawy

East Africa Oil & Gas 2012 OGI Release

November 05, 2012

East Africa is not the first region in the world that comes to mind when one thinks of energy production. Oil producing giants Nigeria and Angola, means Africa’s western coast is far better known for its energy-producing prowess than its eastern counterpart. Nevertheless, with discoveries of significant proportions taking place along the continent’s eastern coast, it appears that the region may be clawing back some investor appeal from the global hydrocarbon community.

However, in spite of the recent success of companies in the basin, there are number of challenges which stand in the way of the region realizing its true potential. Indeed, while total gas reserves have continued to increase, the means by which to extract this natural wealth remains unclear. Transforming this resource into a commercially viable commodity will require the input of wide array of industry professionals ranging from E&Ps to consultancies. Every company, large and small, will have to play role in the development of the region. Only then will the Rovuma Basin emerge as the energy powerhouse it deserves to be.

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