|
|
As one might expect, the world's three largest consuming regions -- North America, Europe, and Asia-Pacific -- are all importers. All the other regions are exporters. Africa Top 10 Oil Producing Countries1 ) Nigeria (Oil Production: 2.2 million barrels per day) Africa's most populous nation is also Africa's largest oil producers. Since Shell discovered oil in Oloibiri in the Niger Delta in 1956, oil production has grown to place Nigeria as the 10th largest producer in the world on par with Kuwait. 2 ) Algeria (Oil Production: 2.1 million barrels per day) Algeria is also an early entrant in African oil production with the first field coming online in 1956. Algeria largest oilfield is Hassi Messaoud operated by Sonatrach, the Algerian national Oil company. The field produces 242,000 barrels per day. Soanatrach had dominated the oil industry in Algeria operating most of the major fields, 3 ) Angola (Oil Production: 1.9 million barrels per day) Angola is blessed with an abundance of natural resources. Oil and diamond exports are providing much the needed capital that Angola needs to recover from the ravages of the civil war. Most of Angola's current production is from offshore oil fields off the coast of the Cabinda enclave. 4 ) Libya (Oil Production: 1.87 million barrels per day) Libya is one of the oldest oil producers in Africa with oil first struck in 1959. Libya also has the largest proven reserves of oil in Africa with recent estimates putting these at 39.1 billion barrels. Most of Libya's current production is located in the Sitre basin, around the bay of Benghazi. 5 ) Egypt (Oil Production: 680,500 barrels per day) Half of all Egypt's oil production comes from the Gulf of Suez with oil fields in the Western Desert, Eastern Desert and the Sinai Peninsula providing the rest. Egypt oil production has been falling steadily since 1995 and a comparatively large domestic consumption means the volume of oil available for export has reduced significantly. 6 ) Sudan (Oil Production: 486,700 barrels per day) . Sudan's major partner in the development of its oil production has been the China National Petroleum Corporation (CNPC). CNPC is the lead investor in the Greater Nile Project which produces about 90% of Sudan's oil output. 7 ) Equatorial Guinea (Oil Production: 346,000 barrels per day) . The discovery of the offshore Zafiro oil field by Exxon Mobil and Ocean Energy in 1995 kick started oil production in Equatorial Guinea and remains the largest producing oil field to date. The exploration and development of new fields continues a pace, with the recently discovered Alba fields showing a lot of potential. 8 ) Congo (Oil Production:247,000 barrels per day) Similar to its northern neighbour Gabon, Congo has seen a fall in its production in recent years due to maturing oil fields and the need for new fields to go into production. Less than two percent of the oil produced in Congo is consumed domestically leaving a still significant amount available for export. 9 ) Gabon (Oil Production: 241,000 barrels per day) . Most of Gabon's oil is produced from Shell's Rabi-Kounga field. Gabon has seen many of its existing oil fields maturing and this means it may be unable to raise its output in the long term without a significant number of new fields coming online. 10 ) Chad (Oil Production: 115,000 barrels per day) . Chad's oil production began in 2003 when a World Bank financed pipeline was launched. This runs for 670miles from the Doba oilfields in the south of the country through to the port of Kribi in Cameroon. |
|
||||||||||||||||||||||||||||||||||||||
|
Africa oil News
Africa Current Oil discoveries- Africa Current Oil discoveries and update offshore oil gas drilling Contracts with most comprehensive news on Offshore Africa Energy and drilling events- Africa news By Rigsworld. Rigsworld Daily news. Energy and Oil and Gas Events, Update Offshore Oil Drilling Contracts and Jobs in Africa