Insight
Sub-Saharan Africa upstream: 2023 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
This annual review looks back to the key 2023 events, trends and statistics in exploration, production, investment, M&A, licensing and geopolitics across Sub-Saharan Africa. Maintaining and boosting production was a highlight. The region’s oil and gas output posted a strong 5% increase, contributed mainly by Nigeria with a 10% year-on-year growth. Capex increased for the third year in a row. Spend on development drilling doubled that of 2021, underpinned by deepwater developments in West Africa and onshore drilling in Uganda.
Table of contents
-
Executive summary
- 2023 in review – a global upstream series
Tables and charts
This report includes the following images and tables:
-
Sub-Saharan Africa capital investment in 2023
What's included
This report contains:
Other reports you may be interested in
Country Report
Mozambique upstream summary
Sub-Saharan Africa's second largest remaining resource holder is home to two Coral FLNGs and onshore Rovuma LNG and Mozambique LNG projects
$11,340
Insight
Middle East and North Africa upstream: 5 things to look for in 2026
With upstream activity surging across the Middle East and North Africa, we look ahead to the key themes to watch in 2026.
$1,350
Country Report
Angola upstream summary
Sub-Saharan Africa's second-largest oil producer is expecting more FIDs and increasing capital investment. Fiscal improvements have helped.
$11,340
