Sub-Saharan Africa Upstream Development Outlook, 2024-2028

Sub-Saharan Africa Upstream Development Outlook, 2024-2028

Summary

Upstream oil and gas development in the Sub-Saharan region looks positive with 61 greenfield crude and natural gas projects likely to start operations in 17 countries during the 2024 to 2028 outlook period. Of these, 23 represent the number of planned projects with identified development plans and 38 represent early-stage announced projects that are undergoing conceptual studies and yet to be approved for development (pre-FID stage).

Global Liquefied Natural Gas (LNG) liquefaction capacity is expected to more than double by 2028, potentially increasing from 473 million tonnes per annum (mtpa) in 2023 to 968 mtpa in 2028 through new build and expansion projects. North America dominates globally among the regions, in terms of new build and expansion liquefaction capacity growth, contributing around 54% of the total global capacity additions or 268 mtpa by 2028.

Scope

• Sub-Saharan Africa oil and gas production outlook by key countries, and key companies for the period 2024 to 2028
• Sub-Saharan Africa new projects capital expenditure outlook by key countries, key companies, and field terrain for 2024 to 2028
• Major projects count by key countries and field terrain
• Details of key upcoming crude and natural gas projects in the region

Reasons to Buy

• Understand Sub-Saharan Africa oil and gas production outlook for the period 2024 to 2028
• Keep abreast of key upcoming production projects in the region during the outlook period
• Facilitate decision-making based on strong oil and gas production, and capex data
• Develop business strategies with the help of specific insights into the Sub-Saharan Africa upstream sector