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Africa Oil Supply - April 2017

Source: OPEC 5/9/2017, Location: Africa

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In 2016, oil output in Africa is estimated to decline by 30 tb/d, to average 2.10 mb/d. Most African countries saw an oil production decline in 2016, which were partially offset by growth that came from project ramp ups in the Congo such as Benguela-Belize, Nene Marine, Litchendjili and the heavy oil of Moho Marine Nord. There was also some growth in 2016 from the TEN Complex in Ghana and 30 tb/d of heavy oil from the Baobab common project between Chad and Cote d'Ivoire.

Oil production from the Moho Nord deepwater project with a capacity of 100 tboe/d began in Congo in midMarch 2017. The development involves the drilling of 34 wells tied back to a new tension leg platform, the first for international oil company, Total, in offshore Africa, and to the development of Likouf, a new floating production unit. Oil is processed on Likouf then exported by pipeline to the Djeno onshore terminal, also operated by Total. The crude type is a regular crude with API gravity >23.

In 2017, oil production is estimated to grow in Congo, South Africa, Chad and Ghana. However, the third phase of Nene Marine project (Congo) has been delayed for one year as the project is still in the early concept study phase. Therefore, the expected growth in Congo has been revised down in this month by 30 tb/d. Declines are seen coming from Sudan, South Sudan and Equatorial Guinea. For the region, growth is expected at 50 tb/d, with average annual production at 2.16 mb/d.

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