Africa's upstream sector showing new sense of purpose

摘要

Cape Town-Oil and gas exploration in Africa is experiencing a revival after a long period in the wilderness. It is not quite a return to the boom days of the past, but the enthusiasm and drive that was lacking is back. Higher oil prices, better terms for investors, greater efficiency and increased returns for offshore projects are seeing optimism mixed with pragmatism. The change is being reflected in the balance sheets and exploration programs of some of the Africa-focused oil explorers.