Africa stands to benefit from rising global energy demand but skittishness keeps some investors on the sidelines, writes Barry Morgan.
Risk remains high across the continent and operators should be drilling “smarter wells in proven systems, applying new technologies to old plays in untapped areas”, says asset and divestment advisor Mike Lakin, managing director of Envoi Ltd.
Oil-exporting regions, including the prolific US shale plays, will be unable to meet rising global oil demand and Africa needs to be ready to plug the shortfall, confirmed a clutch of Africa-focused financiers canvassed by Upstream.
