<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Is oil still today the source of energy that attracts the most investors in Africa?"data-reactid =" 22 ">Is oil still today the source of energy that attracts the most investors in Africa?

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Étienne Giros: Oil has long been an important resource in Africa. At 7.5 million barrels / day, the continent accounts for 8% of world production. However, since 2014, the fall in the price of oil has strongly influenced the operators' strategy. Historical majors – such as Total, BP, ENI – have remained, but new players have emerged, such as Tullow Oil, as well as a number of traders. "Data-reactid =" 23 ">Étienne Giros: Oil has long been an important resource in Africa. At 7.5 million barrels / day, the continent accounts for 8% of world production. However, since 2014, the fall in the price of oil has strongly influenced the operators' strategy. Historical majors – such as Total, BP, ENI – have remained, but new players have emerged, such as Tullow Oil, as well as a number of traders.

In Uganda, a new field will be exploited, the fruit of the cooperation between Total, the Chinese company CNOOC, and the British Tullow Oil. This type of cooperation has existed for about twenty years, but until now they have been more like majors. Now, new operators have appeared. There was a redistribution of the cards. Perenco, a Franco-British company, is one of these new players. It has settled in Gabon and Congo, and produces 0.5 million barrels / day, which is not nothing.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "How is this change explained?"data-reactid =" 25 ">How is this change explained?

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "E.G: Increased financial need for oil exploration and extraction. Take, for example, the site of Grand-Tortue, between Mauritania and Senegal. It is located far offshore, 125 kilometers from the coast, and 2,500 meters deep. For onshore oil, the deposits are increasingly located in hard-to-access areas, with the need to build pipelines and organize long-haul routes. Compared to the situation 20 or 30 years ago, operating costs are higher. The importance of lowering the price of a barrel of crude is all the more clear. "Data-reactid =" 26 ">E.G: Increased financial need for oil exploration and extraction. Take, for example, the site of Grand-Tortue, between Mauritania and Senegal. It is located far offshore, 125 kilometers from the coast, and 2,500 meters deep. For onshore oil, the deposits are increasingly located in hard-to-access areas, with the need to build pipelines and organize long-haul routes. Compared to the situation 20 or 30 years ago, operating costs are higher. The importance of lowering the price of a barrel of crude oil becomes all the more clear.

"We need a favorable business climate"

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "From then on, he"data-reactid =" 29 ">From then on, he

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " (…) Read more on La Tribune.fr "data-reactid =" 30 "> (…) Read more on La Tribune.fr