Africa Enjoys Oil Boom as Drilling Spreads Across Continent
- Oil and gas rigs across Africa are at a three-year high
- Companies including BP and Total are ramping up projects
This article is for subscribers only.
Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia.
The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc, companies are snapping up exploration rights and doing deals.