Emerging Frontiers of Energy Exploration in Post-boom Africa
The likelihood of a continued depression of commodity prices globally will have a significant impact on the future of Africa’s oil and gas producing countries that remain dependent on energy export revenues to finance development. New discoveries of oil and gas across sub-Saharan Africa will result in an increasing number of countries becoming significant energy producers and exporters, and much of the new potential exists in various forms of unconventional energy, such as shale gas, coal-bed methane, oil sands and ultra-deepwater oil and gas. So far, however, African countries do not feature significantly in debates on the global expansion of unconventional fuel exploration and production. Therefore, this chapter examines how prospects for hydrocarbon exploration in sub-Saharan Africa have been affected by the recent crash and increased volatility in global oil prices.
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