Africa has contributed to, on an average, 10% of the global oil (crude oil and condensates) supply in the last decade. The contribution has been more prominent if we consider only offshore oil supply, with Africa contributing to almost 17% on average in last decade. Within offshore, almost 60% of the oil supply in the last decade from Africa came from deep- and ultradeep-water segment, as a result of which the continent has seen many FPSO projects.

Check out the latest report from Rystad Energy as they explore the outlook on Africa's Oil & Gas market