African Upstream: Finding opportunity amid turbulence
Despite the ongoing global impetus to decarbonize, the Russia-Ukraine conflict has underscored Africa’s vital role as a source of energy security, as well as the region’s remarkable exploration successes in 2022, particularly in frontier provinces. Political instability in key hydrocarbon provinces, however, may dampen investor interest. Where in Africa will the next upstream prizes be found? What strategies will prove key to unlocking them? How can countries vying for investor attention improve their competitive position?