The next elephant might even be onshore in Africa. Large swathes of the continent are extremely underexplored because of the security risks. Supermajors like to stay offshore as this provides better protection from the insecurity onshore. But this requires more than posh boardroom meetings with African leaders. This will be messy, boots on the ground, dealing with lots of stuff that usually goes without saying. This is Africa – TIA.
Exxon Mobil is targeting western and southern Africa for the world’s next big oil bonanza as the explorer scours the globe to repeat its success in Guyana.