Gulf Oil and Gas accountACCOUNT

Africa Oil Supply - March 2012

Source: OPEC 3/17/2012, Location: Africa

Share |
Africa’s oil supply is forecast to decline by 90 tb/d in 2012 to average 2.50 mb/d, indicating a downward revision of 60 tb/d from the previous MOMR. This revision has affected former Sudan’s and Ghana’s oil supply forecasts. Former Sudan’s oil production outlook, which includes both Sudan and South Sudan, is forecast to decline by 0.12 mb/d in 2012 to average 0.31 mb/d, representing a downward revision of 40 tb/d from the previous MOMR. This revision has been driven by South Sudan’s production shutdown. Limited production data and uncertainty regarding the restart of its production point to a high risk level for the supply projection for 2012. For the time being, a partial return to production is assumed for the second quarter, which might need an adjustment to the figure as the year progress. The expulsion of the President of South Sudan’s leading oil producer company, as well as the bombing of some wells, could have a further negative impact on production in the coming months. On the other hand, the resumption of negotiations on transit fees in early March could bring an end to the situation. Ghana’s oil supply forecast has experienced a minor downward revision, due to further delays being seen as affecting the Jubilee field’s growth in 2012. On a quarterly basis, Africa supply is expected to stand at 2.41 mb/d, 2.48 mb/d, 2.57 mb/d and 2.56 mb/d respectively.

Economics/Financial Analysis News in Sudan >>

Mauritania >>  10/12/2018 - KBR, Inc. announced that its UK operating subsidiary has been awarded a Front End Engineering Design (FEED) contract by BP for Phase 1 of the Tortue f...
Ghana >>  10/10/2018 - Subsea 7 S.A. announced the award of a contract by Tullow Ghana Limited on the Jubilee field, offshore Ghana, in water depths of up to 1000 meters. Th...

Egypt >>  10/8/2018 - WorleyParsons has been awarded a four years project management consultancy (PMC) contract for the new Assiut Hydrocracking Complex (AHC Project) in Eg...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Sudan Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Sudan >>


Related Links

AO BJ BW CD CG CI CM DZ EG EH ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.