Deepwater Africa reaches turning point

02/14/2005
Production from West Africa is at a turning point. The traditional West Africa shallow-water play is declining, and several deepwater developments discovered in the mid to late 1990s are now coming on stream.The move to deeper waters off West Africa has been under way for many years, with extensive exploration activity in Nigeria and Angola as well as Equatorial Guinea and more recently Mauritania. As defined by Wood Mackenzie Ltd., "deep water" means 400 m or greater. Click here to enlarge imageThe relative immaturity of the deepwater sector and the scale of the opportunity still to be realized are shown in Fig. 1. In 2000, production from 400 m or more of water accounted for just 1% of...
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