By 2025, East Africa is expected to be producing nearly 1 million barrels of oil equivalent per day (boe/d), led by Mozambique and Tanzania. Gas discoveries from 2010-2013 account for more than 25% of added reserves worldwide, according to a report by research company IHS. There are, however, risks to doing business in the region. “The region is going through a major transformation and it has huge potential to play a crucial role in driving the region’s future growth, while still operating in a risky business environment where the regulatory framework and infrastructure are not in place,” says Stanislas Drochon, director Africa oil & gas at IHS Energy.
East African oil boom predicted
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