Close to $194 billion will be spent between 2018 and 2025 on 93 upcoming oil and gas fields in Africa. Capital expenditure (capex) into conventional, unconventional, and heavy oil projects would form $88.9 billion; $3 billion and $1.9 billion of the region’s capital spend respectively over the eight-year period, according to GlobalData, a leading data and analytics company.
Conventional gas projects will require $99.1 billion, while the investments into unconventional gas and coal bed methane (CBM) projects would total $0.7 billion in upstream capital expenditure by 2025.
Nigeria accounts for $48.04 billion or over 24.8% of total capex into upcoming projects in Africa over 2018 to 2025. The country has 24 announced and planned fields. The ultra-deepwater Zabazaba-Etan with $11 billion, deepwater Bonga North with $8.9 billion and deepwater Bonga Southwest/Aparo with $3.9 billion will require the highest capex over the eight-year period. All three are conventional oil projects.
GlobalData expects 23.8% of capital expenditure in Africa to be spent in Mozambique over the next eight years. Africa has seven planned and announced fields. Deepwater Golfinho-Atum Complex, ultra-deepwater Mamba Complex, and ultra-deepwater Coral South, all conventional gas projects, will have the highest capex requirements over the next eight years, with expenditures estimated at $10.9 billion, $10.2 billion and $9.5 billion, respectively.
Angola is expected to contribute about 11.3% to the total capex spending in Africa between 2018 and 2025. The country has 8 planned and announced fields. Kaombo Complex, ultra-deepwater conventional oil field with capex of $5.1 billion, Orca, conventional oil ultra-deepwater with a capex of $3.7 billion, and Lucapa, conventional oil deepwater field with a capex of $3.2 billion, will have the highest level of capital spending by 2025 among Mozambique’s upcoming projects.
Tanzania, Senegal, Mauritania, Uganda, Egypt, Algeria, and Kenya, together have a capex $56.6 billion, or about 29.2% of the total capex spending on upcoming projects over the next eight years in Africa.
In Africa, 93 upcoming oil and gas projects will call for $413 billion in capex to produce over 13,416 MMbbl of crude and 184 Tcf of gas. Upcoming ultra-deepwater projects will have the highest lifetime capex at $233 billion. Deepwater projects will require $86 billion over the lifetime, while onshore and shallow water projects carry a total capex of $64 billion and $30 billion, respectively.
- Forums
- ASX - By Stock
- $194 billion will be spent on upcoming oil, gas projects in Africa to 2025
Close to $194 billion will be spent between 2018 and 2025 on 93...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
48.5¢ | 52.0¢ | 48.5¢ | $101.9K | 200.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 48741 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 1786 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41741 | 0.485 |
1 | 5000 | 0.480 |
1 | 10000 | 0.475 |
2 | 65000 | 0.470 |
1 | 50000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 1786 | 1 |
0.500 | 15000 | 1 |
0.510 | 25000 | 1 |
0.520 | 226386 | 4 |
0.530 | 1005 | 1 |
Last trade - 15.59pm 04/10/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |