Business Angola Ahead of Nigeria In Development Of Offshore Oil Projects

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LequteMan

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Recent reports have revealed that the number of offshore oil projects expected to come on stream within the next five years in Nigeria is less than a third of the same projects in Angola.

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According to an EIA report, most of the more recent growth in active offshore rigs outside the US had occurred in Africa.

“Angola and Nigeria account for much of the growth in the region after 2010. Angola has more than 10 offshore oil projects expected to come online within the next five years," it said.

“Nigeria’s offshore activities have been focusing on the deepwater and ultra-deepwater; at least three deepwater projects are in development and are projected to come online within the next five years.”
 
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