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SPECIAL REPORT: Competition reshaping African deal structures

05/26/2008
With a reform effort under way in its premier oil producer and with production climbing elsewhere in the region, Africa remains a prime target for international oil and gas investment. But deal structures are changing as national oil companies (NOCs) compete for opportunities and independent producers move into areas once considered realms of major international oil companies (IOCs).Last year, Africa’s production of crude oil and condensate increased by an estimated 3.3%, making it the world’s second-fastest region for production growth behind Eastern Europe, including the Former Soviet Union, in OGJ’s Worldwide Production Report (OGJ, Dec. 24, 2007, p. 22). Africa&rsquo...
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