Despite the international dip in oil prices, in recent years, Ghana’s oil and gas industry has sustained economic growth at a steady pace. The nation’s petroleum sector has experienced momentous levels of development, particularly since the discovery of oil in commercial quantities in the Jubilee fields in 2007[1], making it a target for many foreign investors around the world.
Equatorial Guinea’s oil and gas sector is on a path to recovery and is laying the groundwork for new initiatives towards economic advancement and legislative stability. The country’s economic structure is to be applauded as it prioritizes the development of local production and local participation in its petroleum sector. For example, Equatorial Guinea produces 244,000.00 barrels per day of oil (as of 2016), ranking 34th in the world[1], and has managed to increase its production capacity of gas significantly by 5.73%, yearly, from 6.2 million cubic metres in 2015, to 7.75 million cubic metres in 2018.
Centurion Law Group is pleased to announce the appointment of Energy and Infrastructure Attorney, Gari Matarirano in its Johannesburg office. Gari was a former director at Pinsent Masons LLP and Macfarlanes and
brings a wealth of expertise and capacity to Centurion’s M&A, energy, infrastructure and projects practice
groups.
Cameroon’s contribution to the advancement of the oil and gas industry has boosted its economic development and has seen a substantial increase in investments. 2018 was a monumental year for the country, as it became a natural gas producer. Suffice it to say that Cameroon’s upstream sector is a critical part of its economy. As…