Deep water: How West Africa compares with Gulf of Mexico

05/05/2003
Activity off Africa and North America tends to dominate the thinking of many of the world's oilmen.West Africa's large deepwater reserves have particular strategic attraction to both US oil majors and the US administration as a strategic alternative to Middle Eastern reserves. At a local level, much of the activity of Houston oil company offices is focused on West African field developments.Over the past 5 years similar levels of offshore oil and gas reserves have been brought onstream in North America and Africa. However, the picture is about to change dramatically, and West Africa is forecast to power ahead.In this article energy analysts Douglas-Westwood and offshore data speci...
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