As oil majors return to offshore exploration, West Africa's deepwater has become a key drilling target for some of the biggest international companies. Cote d'Ivoire and Namibia have been the hottest exploration areas in recent years, yielding some huge oil and gas discoveries. While Namibia has yet to launch its own crude oil production, Cote d'Ivoire has been producing crude for years and is set to triple its output by 2027 thanks to the recent oil and gas finds in its waters. Africa PotentialFurther south from Cote d'Ivoire along the West Africa coast is Namibia, considered the world's next prized oil production hotspot that could replicate Guyana's success. Cote d'Ivoire, Namibia, and South Africa have become the supermajors' new targets for offshore exploration and production.

Source: The North Africa Journal June 21, 2024 17:24 UTC