Africa Afroil Gas Oil South Africa

Anadarko in Africa

Nicholas Newman Afroil April 2017
Smiling oil workers in safety gear

The US independent has driven interest in a number of African plays, although its recent focus has been on North American plays, writes Nicholas Newman

Anadarko Petroleum ranks amongst the world’s largest independent exploration and production companies, with 1.72 billion barrels of proven reserves at the end of 2016. It has made significant discoveries in Africa, with work in Algeria, Ghana, Cote d’Ivoire, Kenya, Mozambique and South Africa. Anadarko is the largest foreign oil producer in Algeria and, with its partnerships, is currently producing oil from three mega projects in the Sahara Desert. Meanwhile, in Cote d’Ivoire and neighbouring Ghana it has made pioneering offshore discoveries, including the Jubilee oilfield. In Mozambique, Anadarko is working with a number of partners to explore and produce gas, which could transform the country into a major LNG exporter. Following its success in Mozambique, Anadarko is in the early exploration phase off South Africa’s coast which, if successful, may foster further economic development and provide energy security. The company expects its Algerian and Ghanaian assets to generate significant free cash flow, which is intended to fund growth while pursuing exploration in Kenya and South Africa, as well as investing into the development of LNG infrastructure in Mozambique. Read More  Week 16 25•April•2017 pages 4 and 5.

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