Gulf Oil and Gas accountACCOUNT

Africa Oil Supply - September 2012

Source: OPEC 10/3/2012, Location: Africa

Share |
African oil supply is expected to average 2.36 mb/d in 2012, representing a decline of 0.23 mb/d over last year, indicating a downward revision of 60 tb/d compared to the previous MOMR. The downward revision came from South Sudan and Sudan, while a minor upward revision was seen in Ghana’s supply forecast that partially offset the downward revision. Most African producers’ supply forecasts are either seen to be steady or declining in 2012, except for Gabon and Ghana.

Gabon oil production is expected to increase by 20 tb/d in 2012 to average 0.32 mb/d. Ghana Jubilee field oil production increased to 80 tb/d from around 60 tb/d on enhanced oil recovery (EOR) by acid simulation on some wells. The field’s output remains below the target of 120 tb/d, yet new barrels are expected toward the end of the year. South Sudan and Sudan oil production is forecast to average 0.14 mb/d in 2012, a decline of 0.29 mb/d compared to the previous year, indicating a downward revision of 70 tb/d compared to the previous month. The downward revision was introduced as an announcement came that South Sudan will restart some shutdown production in December and the rest will come onstream in 2013. Some reports suggested that minor quantities will be restarted soon. On a quarterly basis, African oil supply is seen to average 2.41 mb/d, 2.31 mb/d, 2.34 mb/d, and 2.38 mb/d, respectively.

Financials and Investment News in Sudan >>

Iraq >>  2/15/2018 - Genel Energy plc has announces that the Taq Taq partners have received a gross payment of US$11.05 million from the Kurdistan Regional Government ('KR...
United Kingdom >>  2/9/2018 - Angus Energy , a conventional oil and gas production and development company, has successfully raised £2.0 million (gross) by means of a private place...

Ghana >>  2/6/2018 - Kosmos Energy has refinanced its reserve based lending (RBL) facility. The RBL facility, which previously incorporated only the company’s Ghana assets...
Egypt >>  2/1/2018 - International Islamic Trade Finance Corporation this week opened a credit line worth $400 million for Egypt to buy petroleum products in a last tranch...

Kuwait >>  2/1/2018 - Kuwait’s $508 billion energy spending plan and the prospect for juicy profits from financing it is grabbing the attention of some of the nation’s bank...
United Kingdom >>  1/31/2018 - Following the completion of the acquisition of an initial 25% interest in the Magnus oil field on 1 December 2017, EnQuest has announced it has agreed...

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

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.