Feb 2014

As reported by Cape Business News, oil and gas explorers must rethink their capital expenditure on exploration in Africa in the wake of the significant drop in the global oil price. Chris Bredenhann, PwC Africa Oil and Gas Advisory Leader warns “Oil and gas explorers will be relooking at their budgets and deciding where to allocate their limited capital spend given the substantial decline in the oil price. Overall, low oil prices could have an impact on production undermining certain players in the market.” According to PwC’s recent analysis, Africa has seen......

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