It is of course a fast growing industry. Nigeria leads the way as Africa's biggest oil producer. But a number of other countries are showing their hands. There are new offshore fields being developed in Ghana, Angola and Tanzania. And with substantial oil finds in Uganda and Kenya, the landscape for oil and gas production in Sub-Saharan Africa is expected to grow rapidly. But will all of this new and predicted production of oil and gas be anywhere near enough to meet the fast expanding energy needs across the continent itself? How should this precious resource be exploited?
Tonye Cole, first of all, where are we at? How fast is production actually growing across Africa?
Africa has developed quickly as far as oil and gas is concerned. New countries are developing their reserve base. Tanzania, Kenya, Mozambique, these are countries East Africa had nothing a couple of years ago, and they're making a great challenge to the West African front.And this for Africa as a whole is great, and so we would like to see the new production coming in. Ghana, Liberia, Sierra Leone, these are all countries where exploration is now taking a front line rule across Africa. Hitherto it's just with Nigeria, Egypt, Libya and all of their today is changing. Africa, as far as oil and gas is concerned, doing well.
