As the New Year kicks off this week, some of Africa’s oil and gas producers are looking forward to fast-tracking approved offshore exploration plans to counter falling production volumes and meet the increasing demand especially for natural gas required for power generation and growing import orders especially from Asia and Europe.
It is expected leading hydrocarbon producers such as Gabon, Nigeria, Senegal and Angola would either open earlier approved licensing bids or close those opened in 2019 and therefore boost the long process of bringing several offshore oil and gas fields into operation in the long-term.
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