For Africa to realize its potential as one of the most promising exploration regions in the world, supermajors must put their financial might behind the drive. Traditionally, the continent has been the realm of the independents, but that is changing.
Mark Venables, caught up with executives of four supermajors while covering Africa Oil Week to discuss the rise in activity among the big players in the region.
Governments Crucial To Success
Royal Dutch Shell has long established an integrated value chain business in African countries such as Nigeria and Egypt, but it has embarked on new deepwater exploration opportunities in several countries. These included exploration activities in Mauritania, where it is about to complete a significant seismic survey, and recent entry into exploration offshore South Africa. In addition, Shell is progressing a variety of deepwater exploration opportunities in southern West Africa through its strategic alliance forged with Kosmos in 2018.