AFRICA’S NEW OIL AND GAS LIONS: MAJORS ENTER THE REGION
December 1st, 2009
BY GEORGE STONE
GHANA, Uganda and the Democratic Republic of Congo (DRC) are Africa's latest upstream hotspots as major energy firms seek new provinces outside of regional heavyweight oil producers Nigeria and Angola. But jockeying for position has already led to friction between governments and the industry.
The USA's Exxon and Italian energy giant Eni are aiming to lead upstream investment in these three countries, which have been opened up by drilling successes mainly by London-listed firms Tullow Oil, Heritage Oil and American private equity-backed Kosmos ...
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