The East African Oil and Gas Market will see capex of $4.12bn in 2015 indicates new visiongain report

LONDON - Oct. 29, 2015 - PRLog -- ENE0026 PRESS RELEASE: East African oil & gas market to register capital expenditure of $4.12bn in 2015 SAYS VISIONGAIN REPORT

LONDON, UK. 29^th July 2015: Visiongain’s new 262 page reportEast African Oil & Gas Market 2015-2025: Upstream Exploration & Development and Midstream Infrastructure Capex in Tanzania, Mozambique, Kenya, Uganda, with Special Focus on Rapidly Emerging Countries Ethiopia, South Sudan & Somalia indicates that the region’s oil and gas market will see capex of $4.12bn in 2015, including spending on both upstream exploration & development (E&D) and midstream infrastructure.

East Africa is fast becoming one of the world’s most interesting oil and gas hotspots. For many years the area was neglected by the world’s oil and gas industry, and even in Africa it was overshadowed by the rapid development in West Africa and the established markets in North Africa. In the past, companies have faced difficulties in dealing with unstable governments, underdeveloped infrastructure and a high risk of conflict. To some extent, this is still the case. However, with the discovery of major oil and gas reserves in the region over the past five years, opportunities are being created within a number of East African nations.

The lead analyst of the report commented that: “The year 2014-15 has certified East Africa’s status as a global oil and gas hotspot. Tanzania and Mozambique’s substantial onshore and offshore gas reserves have led to significant capex in order to guarantee access to LNG export markets from 2020. Kenya, Uganda, Somalia, Ethiopia and South Sudan are all at various stages of industry development, with Kenya and Uganda set to reach commercially viable oil production in the next couple of years. Despite the impact that the oil price crash has had on global oil and gas markets, it is important to note that, in East Africa, the industry is still active. As the region attracts greater and greater interest from the world’s major oil companies, expect to see the market expand at an ever increasing rate in the years to come.”

Within the report, the market has been broken down into two main submarkets: upstream exploration & development capex and midstream infrastructure capex, which are then broken down further by category of spending. Ten-year forecasts and analysis are provided for both, along with forecasts and analysis for the 7 nations that make up the East African region: Tanzania, Mozambique, Uganda, Kenya, Ethiopia, South Sudan and Somalia (including Somaliland and Puntland). The report also contains profiles of the leading companies in the market, details on the latest developments in all oil & gas blocks in the region and analysis of the costs and timings of major projects. Transcripts of three exclusive interviews with companies involved in the East African oil & gas market are also included underpinning the forecasting and analysis.

The East African Oil & Gas Market 2015-2025 report will be of value to anyone who wants to better understand the region and its dynamics. It will be useful for businesses already involved in the East African oil & gas market, or for those wishing to enter this growing region in the future.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
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Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.