IHS Markit

COVID 19 impacts on Sub-Saharan Africas SSA upstream oil and gas industry

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The COVID-19 pandemic is having multiple, severe impacts on Sub-Saharan Africa’s (SSA) upstream oil and gas industry. Prospects for recovery over the next five years vary across the region. In this webinar, IHS Markit experts address the following key questions: What reductions to capex are companies making, and which projects will be delayed or cancelled? What is the expected impact on exploration activity this year, in particular on drilling? Which host countries face the greatest pressures, and what actions have governments taken? Where does SSA stand among the priorities of key E&P companies, and what role will national oil companies play? What is the potential for future cost reductions to improve project profitability? What are the prospects for host countries improving commercial terms to encourage investment?