Africa is on an upward growth curve. In Africa requirements for supplies and logistical solutions continue to increase. NAS are involved with a number of Oil and Gas projects into Africa from The United States of America and Europe as well as many other projects within Africa.
Africa has never been more attractive for the ambitious explorer, buoyed by the prospect of being able to book thousands of barrels in reserves, untapped markets, and generally benign regulation – compared with the tightening regulatory environment elsewhere in the West – experienced majors, independent explorers and indigenous companies are lining up to grow these opportunities.
Nineteen African countries are significant producers of oil and/or gas, and the revenues from higher prices and the investment that new discoveries are attracting have made a key contribution to growth.
While the majority of reserves and production remain concentrated in six countries — Nigeria, Libya, Algeria, Angola (oil), Sudan (oil) and Egypt (gas) — there have been significant new discoveries in Ghana, Tanzania, Mozambique and Uganda, with prospected fields in other countries, including Sierra Leone, Mali and Kenya.