Nigeria’s oil and gas sector stands at a strategic inflection point and the country’s marginal fields are vital for growth and sustaining upstream activity. These smaller, often undercapitalised fields, especially in shallow waters, are rich with potential. But the obstacle isn’t the geology—it’s fragmentation.
Nigeria is an established oil producer grappling with declining market share and dimming economic prospects – but it could reverse its fortunes if authorities take a proactive approach to exploration and export, namely for natural gas.
The country has the second-largest proven oil reserves in...
ExxonMobil’s recent discovery in Block 15 off Angola in the Bavuca South prospect adds further credence to the notion of Africa as a significant contender in future energy markets.
The discovery, the company’s first in the region since 2003, lies approximately 365km to the northwest...