- “As the oil price is steadily rising towards pre-collapse levels, the outlook is positive,” PwC said in its annual Africa Oil & Gas Review released in November 2018.
- By June 2018, more than $110 billion in global oil and gas projects had been approved since 2017 — a more than 100 percent increase from 2016, when only $50 billion in new spending was announced, according to Rystad Energy.
- New drilling for 2019 is also on a positive trend, with 15 high impact wells already planned from the 15-month period from November 2018 through 2019 throughout Africa, including Egypt, Morocco and Tanzania, Gambia, Namibia, South Africa, Ghana, Mauritania and Angola.
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