RIGS IN AFRICA
The oil industry is growing in Africa as it is in the entire world and there are several participating countries with the five foremost being Algeria, Angola Egypt, Libya, and Nigeria. These five countries produce close to 90% of the oil that comes from the 52 countries producing oil on this continent (the majority of which are still net oil importing countries). Other African countries involved in oil development, exploration and production include Cameroon, Congo, Côte d’Ivoire, Equatorial Guinea, Gabon, Tunisia, and the Democratic Republic of the Congo (DRC) as well as the emerging countries of Chad, Namibia, Madagascar, Mozambique, South Africa, Sudan and Tanzania.
Africa’s combined total of confirmed reserves is close to 80 billion barrels of oil which equals approximately 7% of the world’s oil reserves; and, most international oil companies have a presence there. The African continent is generally at the top of the list for accessibility by the rest of the world because it is an economic developing status. The annual multi-billion dollar oil exploration and production industry of Sudan is 40% owned by China.
The solemn drive that Africa has to be a recognized serious world force in oil production has been increasing the demand among African nations for Oil Country Tubular Goods (OCTG). This certainly includes development programs with a short time line focus such as exists in Sub Sahara Africa which is primarily focused on offshore efforts in the southern and central parts of the Gulf of Guinea.
Africa has a copious variety and quantity of natural resources. The astounding treasure chest of natural resources Africa possesses includes:
- Cacao beans
- Tropical fruits
Much of the natural resources in Africa are still to be discovered or barely accessed.
The Africa oil industry, like the oil industry globally, offers many opportunities with mental and physical challenges for workers at various skill levels including entry; and, is a major component of Africa’s many emerging economies which are increasingly dependent upon the quality OCTG products manufactured by Essentra Pipe Protection Technologies.
MSI is proud and thankful to be the world leader in the production and delivery of OCTG products as well as to now be involved in providing the same high level quality in pipe protection technologies to the water well industry and the mining industry.