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GDGE0064MAR / Published OCT 2012 Emerging Oil & Gas Exploration Markets in Africa, 2012 - Industry

Analysis, Latest Developments and Competitive Landscape © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

Emerging Oil & Gas Exploration Markets in Africa, 2012 - Industry Analysis, Latest Developments and Competitive

Landscape Reference Code: GDGE0064MAR Publication Date: October 2012

Kenya, Tanzania, Mozambique, Cameroon and Chad are among the Leading Emerging Exploration Markets in Africa

Among the key emerging oil and gas exploration markets in Africa, Kenya has the largest number of active exploration blocks, followed by the Republic of Tanzania, Mozambique, Cameroon, Republic of Congo, Chad and Uganda. Kenya, Tanzania, Chad, Mozambique and Uganda also have a large number of planned exploration blocks.

The following figure and table show the number of active exploration blocks in the emerging oil and gas exploration markets in Africa.

Oil and Gas Exploration Industry, Emerging Exploration Markets in Africa, Number of Active and Planned Exploration Blocks by Country, 2012

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Source: GlobalData, Oil and Gas eTrack, Exploration Database [Access Date: August 16, 2012]

Increasing Hydrocarbon Discoveries in Africa are Prompting Exploration Activities in the Region

Increasing oil and gas discoveries in Africa are promoting exploration and production (E&P) companies to explore the region. So far, 64 oil and gas discoveries have been made in the emerging exploration markets of Africa during the 2007–2012 period. Uganda, Mozambique and the Republic of Tanzania are the regions which have encountered most of the hydrocarbon discoveries.

Oil and Gas Exploration Industry, Emerging Exploration Markets in Africa, Number of Discoveries by Country, 2007–2012

2007 2008 2009 2010 2011 2012

Num

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f Dis

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Cameroon ChadKenya MozambiqueRepublic of the Congo UgandaUnited Republic Of Tanzania

Source: GlobalData, Oil and Gas eTrack, Exploration Database [Accessed Date: August 16, 2012]

Increasing E&P activities are expected to discover further oil and gas discoveries both in the onshore and offshore region. Many international oil and gas companies are focusing on the East African region as one of the prospective areas, according to the data collected through seismic and electromagnetic surveys. Recent discoveries in Mozambique and Tanzania have prompted some of the oil and gas companies to take interest in the offshore area of the adjoining country, Kenya. Kenya and Tanzania are also increasing focus on the deep water prospects in the area.

Mozambique has had XX gas discoveries in its offshore area so far. These discoveries have prompted Anadarko Petroleum, one of the world’s leading oil and gas companies, to plan an Liquefied Natural Gas (LNG) export terminal in the country.

GDGE0064MAR / Published OCT 2012 Page 3 Emerging Oil & Gas Exploration Markets in Africa, 2012 - Industry


1 Table of Contents 1 Table of Contents ............................................................................................................................ 3

1.1 List of Tables............................................................................................................................. 7 1.2 List of Figures............................................................................................................................ 7

2 Introduction ..................................................................................................................................... 8 2.1 Overview................................................................................................................................... 8 2.2 GlobalData Report Guidance ..................................................................................................... 8

3 Emerging Oil and Gas Exploration Markets in Africa ....................................................................... 10 3.1 Overview of Emerging Oil and Gas Exploration Markets in Africa .............................................. 10 3.2 Kenya, Tanzania, Mozambique, Cameroon and Chad are among the Leading Emerging

Exploration Markets in Africa.................................................................................................... 11 3.3 Uganda and Mozambique have Witnessed Largest Number of Discoveries during 2007–2012... 12 3.4 Emerging Exploration Markets in Africa Offer Competitive Fiscal Terms.................................... 13 3.5 Emerging Oil and Gas Exploration Markets in Africa, Key Drivers and Challenges..................... 14

3.5.1 Increasing Oil and Gas Demand Globally Leading to Exploration Activities in Africa.......... 14 3.5.2 Increasing Hydrocarbon Discoveries in Africa are Prompting Exploration Activities in the

Region ........................................................................................................................... 14 3.5.3 Political and Economic Uncertainties in the Region Threaten E&P Activities ..................... 14

4 Emerging Oil and Gas Exploration Markets in Africa, Uganda ......................................................... 15 4.1 Overview of Oil and Gas Exploration Activities.......................................................................... 15 4.2 Details of Major Basins ............................................................................................................ 15

4.2.1 Lake Albert..................................................................................................................... 16 4.2.2 Lake Edward-George...................................................................................................... 16 4.2.3 Pakwach ........................................................................................................................ 16 4.2.4 Rhino Camp ................................................................................................................... 17 4.2.5 Semliki ........................................................................................................................... 17

4.3 Details of Upcoming Licensing Rounds .................................................................................... 17 4.4 Exploration Blocks................................................................................................................... 18

4.4.1 Exploration Area 1 .......................................................................................................... 18 4.4.2 Exploration Area 3A........................................................................................................ 18 4.4.3 Exploration Area 2 .......................................................................................................... 19 4.4.4 Exploration Area 4B........................................................................................................ 19 4.4.5 Exploration Area 5 .......................................................................................................... 19

4.5 Fiscal and Regulatory Regime ................................................................................................. 19 4.5.1 Fiscal and Regulatory Regime......................................................................................... 19

4.6 Details of Recent Discoveries .................................................................................................. 20 4.6.1 Jobi-East-1..................................................................................................................... 21 4.6.2 Mpyo-1........................................................................................................................... 21 4.6.3 Nsoga-5 ......................................................................................................................... 21

4.7 Major Planned Oil and Gas Production Fields........................................................................... 21 4.8 Exploration Companies in Uganda ........................................................................................... 22

4.8.1 Tullow Oil Plc.................................................................................................................. 22 4.8.2 Neptune Petroleum (Uganda) Limited.............................................................................. 23

5 Emerging Oil and Gas Exploration Markets in Africa, United Republic of Tanzania........................... 24 5.1 Overview of Oil and Gas Exploration Activities.......................................................................... 24 5.2 Details of Major Basins ............................................................................................................ 24

5.2.1 Coastal Basin ................................................................................................................. 25 5.2.2 Mafia Deep Offshore....................................................................................................... 25 5.2.3 Ruvuma ......................................................................................................................... 25 5.2.4 Mandawa Basin.............................................................................................................. 25 5.2.5 Selous Basin .................................................................................................................. 25 5.2.6 Ruvu Basin..................................................................................................................... 25

5.3 Details of Licensing Rounds and their Results Held to Date ...................................................... 26 5.4 Exploration Blocks................................................................................................................... 26 5.5 Fiscal and Regulatory Regime ................................................................................................. 28

5.5.1 Fiscal and Regulatory Regime......................................................................................... 28 5.6 Details of Recent Discoveries .................................................................................................. 29

5.6.1 Lavani ............................................................................................................................ 29 5.6.2 Mzia-1............................................................................................................................ 29 5.6.3 Jodari-1.......................................................................................................................... 30



5.6.4 Zafarani-1....................................................................................................................... 30 5.6.5 Ntorya-1 ......................................................................................................................... 30

5.7 Major Planned Production Fields.............................................................................................. 30 5.8 Key Exploration Companies..................................................................................................... 31

5.8.1 Heritage Oil Plc............................................................................................................... 31 5.8.2 Ophir Energy Plc Limited ................................................................................................ 31

6 Emerging Oil and Gas Exploration Markets in Africa, United Mozambique ....................................... 32 6.1 Overview of Oil and Gas Exploration Activities.......................................................................... 32 6.2 Details of Major Basins ............................................................................................................ 32

6.2.1 Rovuma ......................................................................................................................... 32 6.2.2 Mozambique Basin ......................................................................................................... 33 6.2.3 Maniamba ...................................................................................................................... 33 6.2.4 Middle Zambezi Graben.................................................................................................. 33 6.2.5 Lower Zambezi Graben................................................................................................... 33

6.3 Details of Licensing Rounds and their Results to Date .............................................................. 33 6.4 Exploration Blocks................................................................................................................... 34 6.5 Fiscal and Regulatory Regime ................................................................................................. 35

6.5.1 Fiscal and Regulatory Regime......................................................................................... 35 6.6 Details of Recent Discoveries .................................................................................................. 36

6.6.1 Atum .............................................................................................................................. 37 6.6.2 Coral 1 ........................................................................................................................... 37 6.6.3 Golfinho ......................................................................................................................... 37 6.6.4 Mamba North East 1....................................................................................................... 37 6.6.5 Mamba North 1............................................................................................................... 37

6.7 Major Planned Production Fields.............................................................................................. 38 6.7.1 Buzi................................................................................................................................ 38 6.7.2 Inhassoro ....................................................................................................................... 38

6.8 Key Exploration Companies..................................................................................................... 38 6.8.1 Sasol Petroleum International Pty, Ltd. ............................................................................ 38 6.8.2 Anadarko Petroleum Corporation .................................................................................... 39

7 Emerging Oil and Gas Exploration Markets in Africa, Kenya............................................................ 40 7.1 Overview of Oil and Gas Exploration Activities.......................................................................... 40 7.2 Details of Major Basins ............................................................................................................ 40

7.2.1 Anza Basin..................................................................................................................... 41 7.2.2 Mandera Basin ............................................................................................................... 41 7.2.3 Tertiary Rift Basin ........................................................................................................... 41 7.2.4 Lamu Basin .................................................................................................................... 41

7.3 Kenya’s Lamu Basin has the Largest Number of Exploration Blocks.......................................... 42 7.4 Fiscal and Regulatory Regime ................................................................................................. 44

7.4.1 Fiscal and Regulatory Regime......................................................................................... 44 7.5 In 2012, Ngamia-1 Discovery was Made in Kenya .................................................................... 44 7.6 Key Exploration Companies..................................................................................................... 44

7.6.1 Tullow Oil Plc is among the Major E&P Companies in Kenya ........................................... 44 7.6.2 Apache Corporation is Drilling in L8 Block ....................................................................... 45 7.6.3 Pancontinental Oil and Gas has a Stake in Four Blocks in Kenya..................................... 45

8 Emerging Oil and Gas Exploration Markets in Africa, Cameroon ..................................................... 46 8.1 Overview of Oil and Gas Exploration Activities.......................................................................... 46 8.2 Details of Major Basins ............................................................................................................ 46

8.2.1 DoualaKribi Campo Basin ............................................................................................... 47 8.2.2 Doula-Rio del Rey........................................................................................................... 47

8.3 Cameroon has 15 Active Exploration Blocks............................................................................. 47 8.3.1 Elombo Permit................................................................................................................ 48 8.3.2 Bomono (Block OLHP-1, OLHP-2) .................................................................................. 48 8.3.3 Ntem .............................................................................................................................. 48 8.3.4 N'Dian River ................................................................................................................... 48


8.5 Sapele -1 and Sapele-3 are Recent Key Discoveries in Cameroon............................................ 49 8.5.1 Sapele-3......................................................................................................................... 50 8.5.2 Sapele-1......................................................................................................................... 50

8.6 Dissoni North is the Planned Field in Cameroon Offshore ......................................................... 50 8.7 Key Exploration Companies..................................................................................................... 50

8.7.1 BowLeven plc plans to Drill Exploration Wells in Etinde Permit and Bomono Permit .......... 50



8.7.2 Addax Petroleum Cameroon Limited is among the Largest Producers of Oil and Gas in Cameroon ...................................................................................................................... 51

8.7.3 Kosmos Energy Ltd. ....................................................................................................... 51 9 Emerging Oil and Gas Exploration Markets in Africa, Republic of Congo ......................................... 52

9.1 Overview of Oil and Gas Exploration Activities.......................................................................... 52 9.2 Lower Congo is the Major Basin in the Republic of the Congo................................................... 52 9.3 Republic of the Congo’s Lower Congo Basin has 12 Active Exploration Blocks.......................... 52

9.3.1 Mer Profonde Sud........................................................................................................... 53 9.3.2 Mer Profonde Nord ......................................................................................................... 53 9.3.3 La Noumbi...................................................................................................................... 53


9.5 Details of Recent Discoveries .................................................................................................. 54 9.5.1 Makouala Marine-1......................................................................................................... 55 9.5.2 Bilondo Marine 2 and Bilondo Marine 3 ........................................................................... 55

9.6 Four Production Fields are Planned in the Lower Congo Basin of the Republic of the Congo ..... 55 9.7 Key Exploration Companies..................................................................................................... 56

9.7.1 Murphy Oil Corporation................................................................................................... 56 9.7.2 Total S.A ........................................................................................................................ 56

10 Emerging Oil and Gas Exploration Markets in Africa, Namibia......................................................... 58 10.1 Overview of Oil and Gas Exploration Activities.......................................................................... 58 10.2 Details of Major Basins ............................................................................................................ 58

10.2.1 Namibe Basin................................................................................................................. 59 10.2.2 Walvis Basin................................................................................................................... 59 10.2.3 Orange Basin ................................................................................................................. 59 10.2.4 Luderitz Basin................................................................................................................. 59

10.3 Details of Licensing Rounds and their Results Held to Date ...................................................... 59 10.4 Exploration Blocks................................................................................................................... 59 10.5 Fiscal and Regulatory Regime ................................................................................................. 60 10.6 Key Exploration Companies..................................................................................................... 61

10.6.1 HRT Participações em Petróleo S.A. is Among the Largest Acreage Holders in West Africa.. .................................................................................................................................... 61

10.6.2 Chariot Oil and Gas has Four Licenses Covering Eight Exploration Blocks in Namibia ...... 61 10.6.3 Eco Oil and Gas Ltd. has Three Offshore and Two Onshore Exploration Licenses in Namibia

.................................................................................................................................... 62 11 Emerging Oil and Gas Exploration Markets in Africa, Ethiopia ......................................................... 63

11.1 Overview of Oil and Gas Exploration Activities.......................................................................... 63 11.2 Majority of Exploration Activities in Ethiopia are Concentrated in the Ogaden Basin................... 63

11.2.1 Ogaden Basin................................................................................................................. 64 11.2.2 Abay Basin..................................................................................................................... 64 11.2.3 Makele Basin.................................................................................................................. 64 11.2.4 Gambela Basin............................................................................................................... 64 11.2.5 Southern Rift Basin......................................................................................................... 64

11.3 Ogaden Basin has 21 of Ethiopia’s 33 Active Exploration Blocks............................................... 65 11.3.1 South Omo Block............................................................................................................ 65 11.3.2 Adigala........................................................................................................................... 65

11.4 Fiscal and Regulatory Regime ................................................................................................. 66 11.5 Calub and Hilala Gas Deposits are Major Gas Discoveries in Ethiopia....................................... 66 11.6 Key Exploration Companies..................................................................................................... 66

11.6.1 SouthWest Energy.......................................................................................................... 66 11.6.2 Africa Oil Corp. ............................................................................................................... 67 11.6.3 Calvalley Petroleum Inc. ................................................................................................. 67

12 Emerging Oil and Gas Exploration Markets in Africa, Liberia ........................................................... 68 12.1 Overview of Oil and Gas Exploration Activities.......................................................................... 68 12.2 Details of Major Basins ............................................................................................................ 68

12.2.1 Liberian .......................................................................................................................... 68 12.2.2 Harper............................................................................................................................ 68

12.3 Details of Licensing Rounds and their Results to Date .............................................................. 69 12.4 Exploration Blocks................................................................................................................... 69 12.5 Fiscal and Regulatory Regime ................................................................................................. 70 12.6 Key Exploration Companies..................................................................................................... 70

12.6.1 Anadarko Petroleum Corporation .................................................................................... 70 12.6.2 Chevron Corporation....................................................................................................... 70

13 Emerging Oil and Gas Exploration Markets in Africa, Chad ............................................................. 71



13.1 Overview of Oil and Gas Exploration Activities.......................................................................... 71 13.2 Doba, Chad Onshore and Bongor are the Major Basins in Chad ............................................... 71 13.3 Details of Licensing Rounds and their Results to Date .............................................................. 71 13.4 Chad has Six Active and 23 Planned Exploration Blocks........................................................... 71

13.4.1 Permit H......................................................................................................................... 72 13.4.2 BDS 2008, Chari Ouest III and Manga............................................................................. 73

13.5 Bongor Basin has Witnessed Two Oil and Gas Discoveries in Chad.......................................... 73 13.5.1 Benoy-1 ......................................................................................................................... 73

13.6 Sedigui is the Planned Production Field in Chad....................................................................... 74 13.7 Key Exploration Companies..................................................................................................... 74

13.7.1 Overseas Petroleum and Investment Corporation ............................................................ 74 13.7.2 ERHC Energy Inc. .......................................................................................................... 74 13.7.3 China National Petroleum Corporation............................................................................. 74

14 Tullow Oil, Eni and Total are Among the Key Companies Engaged in Emerging Exploration Markets in Africa ............................................................................................................................................ 75

14.1 Tullow Oil Plc Leads in terms of Participation in Number of Exploration Blocks.......................... 76 14.2 ENI S.p.A has a Strong Presence in the Emerging Exploration Markets in Africa ....................... 77 14.3 Total S.A Leads in terms of Production and Discoveries in Emerging Exploration Markets in Africa

...................................................................................................................................... 77 14.4 Ophir Energy Plc has Significant Exploration Activities in Emerging African Markets.................. 78 14.5 Anadarko Petroleum Corporation has Made Eight Discoveries in Mozambique.......................... 78

15 Appendix....................................................................................................................................... 79 15.1 Market Definition ..................................................................................................................... 79 15.2 Abbreviations .......................................................................................................................... 79 15.3 Sources .................................................................................................................................. 80 15.4 Methodology ........................................................................................................................... 81

15.4.1 Coverage ....................................................................................................................... 81 15.4.2 Secondary Research ...................................................................................................... 81 15.4.3 Primary Research........................................................................................................... 81 15.4.4 Expert Panel Validation................................................................................................... 82

15.5 Contact Us .............................................................................................................................. 82 15.6 Disclaimer ............................................................................................................................... 82



1.1 List of Tables Table 1: Oil and Gas Exploration Industry, Emerging Exploration Markets in Africa, Number of Active

and Planned Exploration Blocks by Countries, 2012............................................................. 11 Table 2: Oil and Gas Exploration Industry, Emerging Exploration markets in Africa, Number of

Discoveries by Country, 2007–2012 .................................................................................... 12 Table 3: Oil and Gas Exploration Market, Comparison of Key Fiscal Terms of Emerging Exploration

Markets in Africa, 2012 ....................................................................................................... 13 Table 4: Oil and Gas Exploration Market, Uganda, Major Exploration Blocks, 2012 ............................ 18 Table 5: Uganda, Key Fiscal Parameters, 2012................................................................................. 19 Table 6: Oil and Gas Exploration Market, Uganda, Oil and Gas Discoveries, 2006–2012 (July) .......... 20 Table 7: Oil and Gas Exploration Market, Uganda, Oil and Gas Production Fields, 2012 .................... 21 Table 8: Oil and Gas Exploration Market, Uganda, Exploration and Appraisal Blocks by Tullow Oil Plc,

2012................................................................................................................................... 22 Table 9: Oil and Gas Exploration Market, Tanzania, Major Exploration Blocks, 2012 .......................... 26 Table 10: Tanzania, Key Fiscal Parameters, 2012............................................................................... 28 Table 11: Oil and Gas Exploration Market, Tanzania, Recent Discoveries, 2010–2012......................... 29 Table 12: Oil and Gas Exploration Market, Tanzania, Oil and Gas Production Fields, 2012 .................. 30 Table 13: Oil and Gas Exploration Market, Mozambique, Major Exploration Blocks, 2012..................... 34 Table 14: Mozambique, Key Fiscal Parameters, 2012 ......................................................................... 35 Table 15: Oil and Gas Exploration Market, Mozambique, Discoveries, 2010–2012............................... 36 Table 16: Oil and Gas Exploration Market, United Mozambique, Oil and Gas Production Fields, 2012.. 38 Table 17: Oil and Gas Exploration Market, Kenya, Major Exploration Blocks, 2012............................... 42 Table 18: Kenya, Key Fiscal Parameters, 2012................................................................................... 44 Table 19: Oil and Gas Exploration Market, Kenya, Discoveries, 2012 .................................................. 44 Table 20: Oil and Gas Exploration Market, Cameroon, Major Exploration Blocks, 2012 ........................ 47 Table 21: Cameroon, Key Fiscal Parameters, 2012............................................................................. 49 Table 22: Oil and Gas Exploration Market, Cameroon, Major Discoveries, 2012................................... 49 Table 23: Oil and Gas Exploration Market in Africa, Republic of Congo, Major Exploration Blocks, 201252 Table 24: Republic of Congo, Key Fiscal Parameters, 2012................................................................. 54 Table 25: Oil and Gas Exploration Market, Republic of the Congo, Recent Discoveries, 2007–2012 ..... 54 Table 26: Oil and Gas Exploration Market, Republic of Congo, Planned Oil and Gas Production Fields,

2012................................................................................................................................... 55 Table 27: Oil and Gas Exploration Market, Namibia, Major Exploration Blocks, 2012............................ 59 Table 28: Namibia, Key Fiscal Parameters, 2012 ................................................................................ 60 Table 29: Oil and Gas Exploration Market, Ethiopia, Major Exploration Blocks, 2012............................ 65 Table 30: Ethiopia, Key Fiscal Parameters, 2012 ................................................................................ 66 Table 31: Oil and Gas Exploration Market, Liberia, Major Exploration Blocks, 2012.............................. 69 Table 32: Liberia , Key Fiscal Parameters, 2012 ................................................................................. 70 Table 33: Oil and Gas Exploration Market, Chad, Major Exploration Blocks, 2012................................ 71 Table 34: Oil and Gas Exploration Market, Chad, Recent Discoveries, 2012 ........................................ 73 Table 35: Oil and Gas Exploration Market, Chad, Planned Oil and Gas Production Fields, 2012........... 74

1.2 List of Figures Figure 1: Oil and Gas Exploration Industry, Emerging Exploration Markets in Africa, Number of Active

and Planned Exploration Blocks by Country, 2012 ............................................................... 11 Figure 2: Oil and Gas Exploration Industry, Emerging Exploration Markets in Africa, Number of

Discoveries by Country, 2007–2012 .................................................................................... 12 Figure 3: Oil and Gas Exploration Market, Uganda, Major Sedimentary and Exploration Basins, 2012 . 15 Figure 4: Oil and Gas Exploration Market, Tanzania, Major Exploration Basins, 2012.......................... 24 Figure 5: Oil and Gas Exploration Market, Kenya, Major Exploration Basins, 2012 .............................. 40 Figure 6: Oil and Gas Exploration Market in Africa, Cameroon, Major Exploration Basins, 2012........... 46 Figure 7: Oil and Gas Exploration Market, Namibia, Major Exploration Basin, 2012 ............................. 58 Figure 8: Oil and Gas Exploration Market, Ethiopia, Major Exploration Basins, 2012............................ 63 Figure 9: Oil and Gas Exploration Market, Liberia, Major Exploration Basins, 2012.............................. 68 Figure 10: Emerging Exploration Markets, Africa, Competitive Positioning of Key Companies, 2012 ...... 75 Figure 11: Emerging Exploration Markets, Africa, Number of Exploration Blocks by Top Five Companies,

2012................................................................................................................................... 76 Figure 12: Emerging Exploration Markets, Africa, Oil and Gas Discoveries by Top Five Companies (as

Operator), 2000–2012......................................................................................................... 77



2 Introduction

2.1 Overview Oil and gas companies globally need to invest in adding reserves to their portfolio in order to remain competitive. Countries in Africa which are not yet explored are witnessing increasing oil and gas exploration and development activities. Advancements in oil and gas exploration technologies have enabled oil and gas Exploration and Production (E&P) companies to perform exploration activities with ease in offshore and deep offshore regions.

The regions of East and South Africa are currently emerging as promising areas for exploration and production activities. Seismic and aeromagnetic surveys have indicated oil reserves along the coast of East Africa. Oil and gas discoveries in various parts of Africa such as Uganda, Mozambique and the Republic of Tanzania have attracted many oil and gas companies to carry out upstream activities in a significant manner. Some regions in Africa have political and economical uncertainties for which the governments of regional countries are taking steps to curb such problems. These governments are also trying to attract International Oil Companies (IOCs) through favorable terms and regulations to invest and explore the potential of the region.

2.2 GlobalData Report Guidance The report provides analysis of oil and gas exploration in emerging African markets with information on basins and exploration blocks along with key companies operating in individual markets.

The report begins with an executive summary which highlights the key features of the exploration industry in emerging African markets.

Chapter three provides an overview of the oil and gas exploration in emerging exploration markets in Africa, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter four provides an analysis of the oil and gas exploration sector in Uganda, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter five provides an analysis of the oil and gas exploration sector in the Republic of Tanzania, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter six provides an analysis of the oil and gas exploration sector in United Mozambique, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter seven provides an analysis of the oil and gas exploration sector in Kenya, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter eight provides an analysis of the oil and gas exploration sector in Cameroon, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter nine provides an analysis of the oil and gas exploration sector in the Republic of Congo, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.



Chapter 10 provides an analysis of the oil and gas exploration sector in Namibia, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter 11 provides an analysis of the oil and gas exploration sector in Ethiopia, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter 12 provides an analysis of the oil and gas exploration sector in Liberia, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter 13 provides an analysis of the oil and gas exploration sector in Chad, followed by information about the sedimentary basins and exploration blocks in the country. The chapter also provides information on the fiscal and regulatory regimes in the country, and also provides information about the major oil and gas exploration companies operating there.

Chapter 14 provides an overview competitive landscape of the oil and gas exploration activities in emerging African markets. It provides comparison of emerging countries for oil exploration activities in the region and also provides a comparison of the key exploration companies that are active in the region.



3.2 Kenya, Tanzania, Mozambique, Cameroon and Chad are among the Leading Emerging Exploration Markets in Africa

Among the key emerging oil and gas exploration markets in Africa, Kenya has the largest number of active exploration blocks, followed by the Republic of Tanzania, Mozambique, Cameroon, the Republic of Congo, Chad and Uganda. Kenya, Tanzania, Chad, Mozambique and Uganda also have large numbers of planned exploration blocks.

The following figure and table show the number of active exploration blocks in the emerging oil and gas exploration markets in Africa.

Figure 1: Oil and Gas Exploration Industry, Emerging Exploration Markets in Africa, Number of Active and Planned Exploration Blocks by Country, 2012

Cam

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Ken

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Table 1: Oil and Gas Exploration Industry, Emerging Exploration Markets in Africa, Number of Active and Planned Exploration Blocks by Countries, 2012

Country Active Exploration Blocks Planned Exploration Blocks

Kenya

Republic of Tanzania

Cameroon

Mozambique

Liberia

Republic of the Congo

Chad

Uganda




3.3 Uganda and Mozambique have Witnessed Largest Number of Discoveries during 2007–2012

Several African countries have witnessed large numbers of significant oil and gas discoveries over the past few years. Uganda and Mozambique have encountered XX oil and gas discoveries each during the 2007–2012 period. These countries are followed by Tanzania with XX oil and gas discoveries during the same period. Out of the XX discoveries in Tanzania, XX were made in 2012 alone.

The following figure and table show the number of discoveries in different countries during 2007–2012.

Figure 2: Oil and Gas Exploration Industry, Emerging Exploration Markets in Africa, Number of Discoveries by Country, 2007–2012

2007 2008 2009 2010 2011 2012

Num

ber o

f Dis

cove

ries

Cameroon Chad Kenya Mozambique Republic of the Congo Uganda United Republic Of Tanzania

Source: GlobalData, Oil and Gas eTrack, Exploration Database [Accessed Date: August 16, 2012]

Table 2: Oil and Gas Exploration Industry, Emerging Exploration markets in Africa, Number of Discoveries by Country, 2007–2012

Country Oil and Gas Discoveries

Cameroon

Chad

Kenya

Mozambique

Republic of the Congo

Uganda

United Republic of Tanzania




15 Appendix

15.1 Market Definition The emerging African markets consist of Uganda, United Republic of Tanzania, United Mozambique, Kenya, Cameroon, Republic of Congo, Namibia, Ethiopia, Liberia and Chad.

Historic data is taken from oil and gas ministry websites, company websites and oil and gas related news journals.

All the capacities given in this report are annual capacities taken on 31st December of every year and have been rounded off to one decimal point.

The latest equity stakes have been assumed to remain the same until 2020, unless explicitly mentioned by the company.

The equity stakes are taken from company news items, press releases and other forward-looking statements issued by companies/ministries.

15.2 Abbreviations AOC – Africa Oil Corporation

BG Group – British Gas Group

BILDM-2- Bilondo Marine 2

BILDM-3- Bilondo Merine 3

CNOOC – China National Offshore Oil Corporation

Boepd- Barrels of oil equivalent per day

ENH- Empresa Nacional de Hidrocarbonetos de Mocambique

FANCP- First Accumulated Net Cash Position

HRT- HRT Participacoes em Petroleo

INP- Institute of National Petroleum

IOCs- International Oil Companies

LNG- Liquefied Natural Gas

Mboe/d- Thousand Barrels of oil equivalent per day

Mbopd- Thousand barrels of oil per day

MDOB- Mafia Deep Offshore Basin

MMbbl – million barrels

MMcfd– million cubic feet per day

MMtpa – million tons per annum

NAMCOR- National Petroleum Corporation of Namibia

NOCAL – National Oil Company of Liberia

Nocs- National Oil Company

Petronas- Petroliam Nasional Berhad

PSA- Production Sharing Agreement

PSC- Production Sharing Contracts

Rak Gas- Ras Al Khaimah Gas Tanzania Limited



Sasol- Sasol Petroleum International Pty.Ltd.

SHT- Société des Hydrocarbures du Tchad

SNH- Société Nationale des Hydrocarbures

SNPC- Société Nationale des Pétroles du Congo

Tcf- Trillion cubic feet

TPDC- Tanzania Petroleum Development Corporation

VAT- Value Added Tax

15.3 Sources Acode (2012). Dominion Petroleum. Advocates Coalition Development and Environment. Available

from: http://www.acode-u.org/ugandaoil.html. [Access Date: July 26, 2012]

Anadarko Petroleum Corporation (2012). Anadarko Offshore Area 1 – Deepwater Rovuma basin. Available from: http://www.anadarko.com/Operations/Pages/LNGOffshoreArea1.aspx. [Access date: August 20, 2012]

ExxonMobil (2012). 2012 The Outlook for Energy: A View to 2040. ExxonMobil. Available from: http://www.exxonmobil.com/Corporate/files/news_pub_eo.pdf

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15.4 Methodology GlobalData’s dedicated research and analysis teams consist of experienced professionals with marketing, market research and consulting backgrounds in the energy industry, and advanced statistical expertise.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org).

All GlobalData databases are continuously updated and revised.

15.4.1 Coverage The objective of updating GlobalData’s coverage is to ensure that it represents the most up-to-date vision of the industry possible.

Changes to the industry taxonomy are built on the basis of extensive research of company, association and competitor sources.

Company coverage is based on three key factors: market capitalization, revenues and media attention/innovation/market potential.

An exhaustive search of 56 member exchanges is conducted and companies are prioritized on the basis of their market capitalization

The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage

Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized

GlobalData aims to cover all major news events and deals in the energy industry, updated on a daily basis.

The coverage is further streamlined and strengthened with additional inputs from GlobalData’s expert panel (see below).

15.4.2 Secondary Research The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market.

The secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and US Securities and Exchanges Commission (SEC) filings

Market trade journals and other literature

Internal and external proprietary databases

National government documents, statistical databases and market reports

News articles, press releases and web-casts specific to the companies operating in the market

15.4.3 Primary Research GlobalData conducts hundreds of primary interviews each year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions:

It provides first-hand information on the market size, market trends, growth trends, competitive landscape, and future outlook

It helps in validating and strengthening the secondary research findings

It further develops the analysis team’s expertise and market understanding



Primary research involves email interactions and telephone interviews, as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers

Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in oil and gas markets.

15.4.4 Expert Panel Validation GlobalData uses a panel of experts to cross-verify research and forecast methodologies and drive its analytical content.

The GlobalData expert panel comprises of marketing managers, product specialists, international sales managers from energy companies; academics and geologists from research universities, consultants from venture capital funds and distributors/suppliers of oil and gas goods and services.

Details of the makeup of the expert panel can be viewed through website, and are available to clients on request.

15.6 Disclaimer All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.

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