This week our Commercial Director Doug Rycroft featured in the Fasken report ‘Africa Rising’. The report discusses the challenges facing the Sub-Saharan African energy transition in the wake of the Covid-19 pandemic, where the region must find a way to meet its domestic electrification needs, while also coming to terms with its hydrocarbon resource.
The region is experiencing a particularly hard time when it comes to exploration, and in the newly published report Doug Rycroft shares his views on this matter.
“The pressure has been on the small cap space for a while and is now being seen in the mid-sized companies. The recent divestment by Kosmos of much of its exploration portfolio to Shell shows you where the market has gone for exploration. Super-majors have the resources to be able to fund exploration but the issue of replacing reserves is not high on their agendas.”
The themes and topics covered in the report represent a crucial concern to the entire energy sector, and the team at Gneiss Energy are working tirelessly to ensure our clients get access to the best advice in these uncertain times. If you would be interested to hear how Gneiss Energy can support your business, we would be delighted to hear from you.
Read the full report here.