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Still many large, untapped reserves across the continent, making many African nations an attractive prospect for oil & gas professionals. Over 8 million barrels of crude oil per day 10% of the worlds top producers of oil are African nations 200 billion cubic metres of gas annually

Where are the Biggest Opportunities?

Opportunities in Oil Nigeria - Enormous opportunity

The biggest producer of oil in African Currently producing 787,000 barrels of oil per day (3x more than the UK) An increase of almost 10% in the last 5 years2nd largest reserve of 37.1 billion barrels

Opportunities in Oil Algeria

Production down 10.4% over past 5 yearsStill producing 1.4 million barrels per day (3rd highest in Africa)12.2 billion barrels in proven reserves Angola

Production down 6.7% over 5 years But still producing 1.7 million barrels per dayOver 9billion barrels in reserves

Top 10 African Oil Reserves

Opportunities in Oil Ghana- an up and coming destination

Greatest increase in output over 5 years from 6,000 to 100,000 barrels per day Over 660 million barrels in proven reservesHealthy foreign investment Relatively stable country, with good administration infrastructure

Natural Gas Production in Africa

Opportunities in GasTop 5 producers are Algeria, Egypt, Nigeria, Libya & Equatorial Guinea All rank in Worlds top 50 producers Producing 190 billion cubic metres of gas between them annually Rapid advances in natural gas industry likely to boost demand for specialist international contractors

Nigeria- Huge potential to increase output27th global producer 33.7 billion cubic metres produced in 2013 9th largest global reserves of 5.13 trillion cubic metres

Opportunities in GasMozambique great potential for gas professionals Not currently ranked in top 5 African producers of natural gasBut recent new discoveries place it 3rd in terms of reservesRapidly increasing its capacity Large investment in infrastructure 43% increase in Foreign Direct Investment during 2013 Development of off shore Rovuma Basin

African Natural Gas Reserves

Opportunities in GasTanzania Not currently ranked in top 10 African producers of natural gasHowever new discoveries and heavy investment make it a promising location

Libya Internal turmoil has decreased its appeal, however production and reserves remain high12 billion cubic metres in 2013 (37th largest producer in the world)1.56 trillion cubic metres in reserves

Summary While fluctuating oil prices, political difficulties and the recent Ebola crisis have resulted in some challenging times for the oil and gas industries across Africa, there are plenty of reasons to be optimistic.

Industry advances can be rapid and many nations are experiencing a boom.

For experienced oil & gas professionals many African nations can offer unprecedented opportunity and Procorre remain on hand to assist consultants in finding the right project and help mobilise them internationally.

Read our full White Paper on the Oil & Gas industry in Africa and other reports atprocorre.com