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Upstream Africa
Stephen Thornley
17 June 2025
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Look again at African oil and gas investment

Sound development planning is essential in this diverse and rapidly evolving region

Africa’s oil and gas industry is experiencing significant shifts at every level. While the region holds vast world-class natural resources, energy availability and hence consumption per capita remains low, with many lacking reliable access to electricity and energy infrastructure. This paradigm makes Africa an increasingly appealing destination for international investment. The African Energy Chamber (AEC) has predicted that upstream capital expenditure in Africa is set to reach $43b this year, rising to $54b by 2030, as the continent looks to ensure energy security and growth in the sector. Targeted expertise and knowledge across the diverse geography and an understanding of the engin

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