The African continent is rich in natural resources and has many potential opportunities for investors, particularly in the oil and gas sector.
Africa’s oil and gas industry holds huge potential and the continent’s proven oil and gas reserves account for 7.5% and 7.1% of global reserves respectively.
Natural gas is the cleanest burning fossil fuel and is amply available in Africa.
“Africa’s oil and gas companies have weathered the downturns and capitalised on the upswings focusing their efforts on new ways of working, reducing costs and utilising new ways of working, reducing costs and utilising new technology”, said Chris Bredenhann, PwC’s Africa Oil & Gas Advisory Leader.
The following are the key countries in the oil and gas sector to look out for in Africa in 2019:
