APPA Bulletin / December 2008
Transcription
APPA Bulletin / December 2008
Publication semestrielle / Half-yearly Publication Prix : 1500 FCFA / 3$US ISSN : 1991-7597 Préparation de la 26e Réunion du Conseil des Ministres de l’APPA, Brazzaville. Preparation of the 26th Meeting of Council of Ministers of APPA, Brazzaville. AFRICAN PETROLEUM PRODUCERS' ASSOCIATION ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS ASOCIACIÓN DE LOS PRODUCTORES DE PETROLEO AFRICANOS ASSOCIAÇÃO DOS PRODUTORES DE PETRÓLEO AFRICANOS o S m m a r y AFRICAN PETROLEUM PRODUCERS' ASSOCIATION (APPA) Executive Secretary Dr. DAVID EKOUME Executive Secretary Assistant in charge of Technical Matters Mr Adnane BOUHOUCHE Executive Secretary Assistant in charge of Administrative and Financial Matters Mr Bernard MASSENE ✔ EDITORIAL .......................................................................... 23 ✔ NEWS FROM THE ASSOCIATION The 36th meeting of the Committee of Experts ........................... 24 Meeting between theAPPA secretariat and the APPA Fund for the technical cooperation ....................................................... 26 APPA data bank .......................................................................... 28 Development of the Congolese basin .......................................... 29 Publication Manager Dr. David EKOUME Editor Mr Adnane BOUHOUCHE Bulletin issued by the APPA Secretariat Overview of Chad Oil Sector ...................................................... 30 ✔ STATISTICS Oil prices of main crudes in APPA members countries (january-september 2008)............................................................ 32 Oil prices of main crudes in APPA members countries (january-september 2008) ........................................................... 33 World crude oil reserves ............................................................. 34 Publishing Moïse SEKSIG Diffusion universelle BP 4988 Libreville E-mail : [email protected] World crude oil productions ........................................................ 37 World nature oil reserves ............................................................. 40 B.P. 1097 Brazzaville, Republic of Congo Tél.: +(242) 665.38.57 Fax: +(242) 669.99.13 [email protected] www.appa.int ISSN 1991-7600 Page 23 / APPA Bulletin / December 2008 e d i t o r i a l Editorial CONSOLIDATING INTRA-AFRICAN COOPERATION H.E. David EKOUME Executive Secretary he creation of the APPA in the 1987 in Lagos by eight Member Countries conveys the ever asserted determination of African petroleum producing countries to combine their efforts in a world undergoing a major change, characterized by the emergence of economic groupings so as to promote the exchange of information and the coordination of strategies and policies for a better management of oil resources. The APPA's ambition is therefore to optimize its Member Countries' revenues and to back a sustainable development, particularly by actively contributing to the promotion of energy security and meeting the energy requirements of populations. T Faced with the need to step up Africa's energy offer in a context characterized by the rise in oil prices and oil products, the Council of Ministers of the APPA meeting in Yaounde in March 2008 adopted the 7th Action Programme of the Association which covers the period 2008-2011 and makes a provision for the promotion of local participation in oil industry still dominated by international majors. In this perspective, the APPA's efforts focus on the harmonization of the fiscal and contractual framework of Member Countries in the oil field and the capacity building of those countries so as to maximize the productiono of their oil-fields and the monitoring of oil activities. The APPA undertakes to fulfil these missions effectively. In view of the insufficient trade in energy between African countries, the APPA also intends to promote the development of intra-African trade in oil and gaz through transport, storage and distribution infrastructure. Thus, efforts continued so as to put the APPA's Data Bank into operation. As an information exchange platform, this important tool will help give the oil information sharing and exchange process between decision-makers and experts in charge of this sector a real boost. exploration in our countries. As Africa is increasingly regarded as a key region on the world energy scene, the APPA is convinced that the solid common platform that the Association continues to build between African petroleum and gas producing countries is the means by excellence for promoting the sustainable development of their hydrocarbon resources. Finally, it is worth pointing out that financial resources should be mobilized both on international and national levels so as to speed up Page 24 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION < < NEWS FROM THE ASSOCIATION THE 36th MEETING OF THE COMMITTEE OF EXPERTS High table, 36th Meeting of Committee of Experts of APPA T he 36th ordinary Meeting of the Committee of Experts of the APPA was held in Brazzaville from 16 to17 september 2008. For record, the Commitee of Experts is the second body of theAPPA, after the Council of Ministers (supreme decision-making body). It is composed of high-level experts appointed by each Member Country. The Committee of Experts meets twice a year : the first meeting is organized by the APPA secretariat six months after the holding of the session of the Council of Ministers of the APPA and the second one just before the holding of that session. The opening ceremony of the 36th ordinary Meeting of the Committee of Experts was chaired by Mr Alfred Charles SOCKATH, Principal Private Secretary to the Minister of State, Minister of Hydrocarbons of Congo, on behalf of H.E Jean Baptiste TATI LOUTARD, Minister of State and serving Chairman. In his address, after welcoming all delegations, Mr SOCKATH availed himself of the opportunity to reassert the commitment of Congo to continue to back the promotion of the APPA's activities and urged the Committee of Experts to see to it that the activities included in the 7th Programme of Actions of the APPA, notably the putting into operation of the APPA Data Bank and the preparation of the 4th edition of the Congrès Africain du Pétrole et Exposition (CAPE IV) / African Congress of Petroleum and Exhibition were implemented. At this meeting chaired by APPA National Representative for Congo, in his capacity as serving Chairman of the Committee of Experts of the Page 25 / APPA Bulletin / December 2008 APPA, several sensitive issues were addressed, notably the implementation of the projects included in the Action Plan of the Association 2009/2010, in pursurance of the VIIth Action Plan of the APPA 2008/2011.The main actions included in the plan focus on: - The organization of the Conference of Directeurs des Instituts de Formation aux Métiers du Pétrole /Directors of training institutions in oil trade. - The organization of the minth Forum of National Companies of Hydrocarbons of the APPA Member Countries. - The organization of a seminar for the development of gas resources and stocktaking of various ongoing projects in this area. - The harmonization of the stratigraphic nomenclature of West and North African sedimentary basins. ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION NEWS FROM THE ASSOCIATION < Substantial progress has been recorded and many recommendations were made to finalize those studies, so as to submit them to the next Council of Ministers of the APPA. The Committee also studied the organization of the CAPE IV scheduled to take place in 2010 in Kinshasa, Democratic Republic of Congo. Issues relating to the setting-up of a Steering Committee and a scientific Committee , the recruitment of a consultant for the material organiza- tion of the CAPE IV and a lot of other issues were also examined. Concerning exchanges between Member Countries as part of the Cooperation Agreement, Gabon “ Congo announced similar steps. These included a visit to Gabon to benefit by their experience in the field of documentation and another visit to Algeria within the framework of training. The Committee of Experts expressed its satisfaction at those initiatives, which add to the APPA's efforts to build cooperation platforms between its members and this allows those countries to better know each other. The Committee also studied the organization of the CAPE IV scheduled to take place in 2010 in Kinshasa “ < - The preparation and organization of CAPE IV. - The continuation of the putting into operation of the APPA Data Bank. - The promotion of International Cooperation. - The improvement in the system and internal and external information tools of the APPA Secretariat. Within the framework of the implementation of the Action Plan 2008-2009, some countries made a status report on the studies they were commissionned with. These included: - Comparative study of oil contracts - Study of African Oil and Oil Products Market - Harmonization of the Stratigraphic Nomenclature of West-African Sedimentary Basins. informed the Committee of its working visit to Angola to exchange experiences in the field of legislation and oil contracts. It was pleased about the fruitful results it got and urged African countries to further promote such type of bilateral exchanges which contribute to the achievement of cooperation objectives advocated by the APPA. The Committee of Experts expressed its satisfaction at those initiatives, which add to the APPA's efforts to build cooperation platforms between its Members. At the closure of the meeting, the Committee of Experts expressed its profound gratitude to the Congolese Authorities for the warm hospitality extended to all delegations and to all those involved in the success of the work. Mr Jean-Pierre Goma, Chairman of the Committee of Experts in turn thanked the delegates for their cooperation and for the quality of their contributions to the proceedings. A gala dinner was offered in honour of the delegations. Opening Ceremony Family photo Page 26 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION A meeting was held at the headquarters of APPA Secretariat in Brazzaville, between the APPA Fund for Technical Cooperation and APPA Secretariat, on 28 August 2008. The meeting examined the possible financing by APPA Fund of some actions included in APPA's seventh Action Programme, which runs from 2008 to 2011. A large-scale project for the capacity-building of Member Countries for negotiating contracts. In order to appreciate such extent, people must be made aware of downward trends of hydrocarbon exploration opportunities at world level and soaring oil prices, which induce industrialized and emerging countries to turn increasingly to Africa, still hitherto under-explored. In such circumstances, African petroleum producing countries have new concerns including the enhancement of the fiscal policy of oilmining in order to attract investors, and this while safeguarding the country's rights to maximize its oil resources value or even the question of the contract form of the host government and regulatory principles in order to ensure a safe and environmentally friendly oil mining. “The comparative study oil contract of APPA Member Countries can be a Signing of a Memorandum a Agreement between APPA Fund and APPA Secretariat. powerful tool for the capacity-building for negociating oil contracts.” The results of this study will enable the Member Countries of APPA to review their current legal, contractual and fiscal framework so as to reinforce their oil and gas resources control and maximize their oil revenues. In fact, the comparative study of oil contracts of Member Countries of APPA can be a powerful tool for the capacitybuilding for negotiating oil contracts. “ The comparative study oil contract of APPA Member Countries can be a powerful tool for the capacity-building for negociating oil contracts Page 27 / APPA Bulletin / December 2008 “ The studies proposed in respect thereto are those which will be hard for APPA or a single Member Country to finance, in view of their extent. In order to carry out those studies, a cofinancing with APPA Fund was envisaged. We'll quote as an example the comparative study of standard oil contracts of APPA Member Countries. < FROM THE < NEWS ASSOCIATION MEETING BETWEEN APPA SECRETARIAT AND APPA FUND FOR TECHNICAL COOPERATION ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION < NEWS FROM THE ASSOCIATION < The study on the harmonization of the stratigraphic nomenclature of West-African sedimentary basins was also submitted for financing by APPA Fund. Within the framework of ongoing or past geological and oil search work conducted in various West-African countries, the exchanged data are hard to use in so much as each country worked out its own stratigraphic nomenclature. This study on the harmonization of the stratigraphic nomenclature will help solve the problem, which can speed up the search for the discovery of new oil-bearing strata in the West-African subregion. Another study, by no means the least, included in the APPA Action Programme and which APPA Fund proposes to finance is the study of African Oil and Oil Products Market. The impact of the promotion of cooperation in trade in crude oil and oil products in Africa is undeniable, at a time when the rise in crude prices and consequently that of finished products results in the aggravation of the phenomenon of populations' pauperization, a source of social and economic tensions. The emergence of an African oil market and the implementation of mechanisms for the reduction in African countries' oil bill are primordial objectives of APPA. APPA Fund admitted the scope of those studies and the need for a financial backing to carry them out. ted to Council of Ministers at its next meeting.Moreover APPA Secretariat continues its search for financing for other projects included in the seventh APPA Programme of Actions . The respective financial estimates of those studies should be determined before the end of the current year. APPA Secretariat and APPA Fund agreed to work out a joint file on the subject, so that it should be submit- Page 28 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION THE APPA DATA BANK After the elaboration of the technical solution and the terms of reference, a specialized company was selected as technical partner for the implementation of the project. In January 2008, following a monumental work, a first prototype was developed and taken delivery of by APPA Secretariat after a demonstration by the project manager. After the deployment of the databank in a hosting site in Paris, a first group of local managers took a training course in February 2008 in Yaoundé, Cameroun. The training course was organized under the chairmanship of the Executive Secretary and was attended by three member Countries and APPA Secretariat. The Acting Main Administrator presented the finalized data bank at the statutory meetings which were held in late March 2008. cation system at APPA Secretariat and installation of the mirror server and infrastrucure for the network safety. The Council of Ministers of March 2008 renewed the Acting Managing Director's term of office with a view to the implementation of the second phase of the project, namely, the putting into operation of the Data Bank. This includes: - The modelling of the data bank so as to incorporate the recommendations of the Council of Ministers. - The launching of invitation for applications for the position of Main Administrator of the Data Bank. - The development of the data replicating module and its installation on the hosting server in Paris. - The upgrading of the access passband to Internet at APPA Secretariat with a view to the implementation of data replication. - The acquisition of equipment for the implementation of the data repli- - The training of local managers Since July 2008, the data bank replication system has been operational. It guarantees a synchronous copy at the headquarters of APPA Secretariat of data in the host server located in Paris. A training course was provided with success in Libreville, Gabon. Page 29 / APPA Bulletin / December 2008 The next step will consist in feeding the data from the various Members Countries into the Bank. < I ndeed, a contract was signed between APPA and an Acting Main Administrator of the Data bank on 15 November 2007 for the setting up of APPA Data Bank. < NEWS FROM THE ASSOCIATION The implementation process for an APPA Data Bank, an information sharing and exchange platform between Member Countries was a major turning point over the past twelve years. ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION < NEWS FROM THE ASSOCIATION < DEVELOPMENT OF THE CONGOLESE BASIN he congolese basin is one of the two sedimentary basins that the Republic of the Congo has. T out with the purpose of obtaining a structural image of the sedimentary basin the depth of which is estimated at 6,500m in the deepest part. The basin is an integral part of the strategy for the development of national oil resources. It is located between the Republic of the Congo and the Democratic Republic of the Congo (DRC) and covers on the Congolese side about two-third of the area of the national territory. The results of the work already carried out in this interior basin of the Congolese basin show a convergence of favourable factors likely to reveal the existence of oil potential. Oil blocks of several square kilometers are available and can be acquired by oil operators who wish so; in accordance with the legislation and procedure existing in Congo. Source: Ministry of Hydrocarbons. In recent years, its importance kept growing to such a point that several geological work of aero-magnetogravimetric analysis, radar satellite acquisition and geochemistry revealed the existence of six (6) subbasins and structural elements. Some oil operators began prospecting work. Thus, a licence of 9,392 square kilometers called Ngoki was granted to Pilatus Energy Congo Company, which is breathing a new exploration dynamics into the area and should put in prominent position the oil potential of the basin. To this end, several geological campaigns have just been led by this company and the synthesis of these showed a few interest zones the deepest of which, with repeated hydrocarbon indicators, can be interpreted as the main source of an active expression of micro seepage of hydrocarbons that immigrate at the surface. Indeed, 300 kilometers of 2D seismic work will be soon carried Bassin of “Cuvette Congolaise” Page 30 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION OVERVIEW OF CHAD OIL SECTOR < NEWS FROM THE ASSOCIATION < 1. UPSTREAM OIL SETOR T he exploration and exploitation of oil resources are one of the major policy priorities for the Government of the Republic of Chad. The Chad territory is endowed with several sedimentary basins including: - Basins of Erdis and Djado to the north ; - Basins of Lake Chad to the west ; - Basins of Faya-Largeau to the centre north ; - Basins of Bongor and Madiago to the south-west ; - Basins of Doba and Doseo to the south ; - Basins of Salamat to the southeast. The Ministry of Oil divided basins into blocks (Please refer to the map attached). From the fifties to the present day, the oil sector suffered discontinuous exploration work owing to the events the country went through. At present, exploration continues in the basins of Doba, Doseo, Bongor, Madiago and Lake Chad. The oil consortiums operating in Chad include: - Esso - Petronas - Chevron ; (Exploration + Production) - CNPCI (Exploration) ; - OPIC Africa Chad Branch, Tawainese National Petroleum Company/Société Nationale Taiwanaise de Pétrole (Exploration). The Consortium composed of Esso Exploration and Production Chad Inc. (40 %), Petronas Caligali Incorporated (35 %) and Chevron Petroleum Chad Ltd (25 %) exploits the fields of Doba (Exploitation + Production) and Doseo (Exploitation). China National Petroleum Company International (CNPCI) is exploring the fields of Bongor and Lake Chad. Recently it made promising discoveries in the field of Bongor with indices of oil of very good quality. The Chad oil is explored with a pipeline of 30 '' diameter, of a capacity of 250,000 bal/d and extensible to 500,000 bal/d and 1070 km long, linking Kome (Chad) to the oil terminal of Kribi off the Atlantic coast of Cameroon. Its total construction costs stand at 2,107 billion US$. TOTCO (Chad Oil Transportation Company) and COTCO (Cameroon Oil Transportation Company) are two complementary companies in order to build and exploit the pipeline which runs across Chad over 170 kilometres and Cameroon over 900 kilometres. The exploitation of the basin of Doba started in July 2003. The marketing properly speaking began in October 2003. Initially, the project should achieve a production of 225,000 bal/d, but at present the production has levelled off round 140,000 bal/d. The exploration/production works under a concession contract as regards the basins of Doba and Doseo with Esso Consortium. Regarding the other basins, it is the production sharing system which is applied. In respect thereto, the Société des Hydrocarbures du Tchad (S.H.T)/Company of Hydrocarbons of Chad was set up in August 2006 to take part directly in the oil exploration activities, on its own or in partnership with other oil companies. The object for which the S.H.T was established is to implement the industrial and commercial policy of Chad in the field of hydrocarbons through the protection, research, development, production, transport and marketing of hydrocarbons, both liquid and gaseous upstream and refining, transport, storage, distribution and marketing of oil products downstream. In Chad, the prospects for oil exploration are promising and basic infrastructure for oil exploitation does exist. Therefore, the new Law n° 006/PR/2007, relating to hydrocarbons was enacted to define the legal and fiscal regime of oil activities as well as the institutional framework governing oil activities and the rights and obligations of the parties. II. OIL TREAM SECTOR DOWNS- Chad is one of the countries in the sub-Saharan Africa where the problem of supply of oil products is crucial and this, for the following reasons: - The country is landlocked and totally dependent on the outside, which results in repeated shortages and high costs of oil products imports. - Disruption of distribution, supply and storage circuit, characterized by a prevailing informal sector, which was for a long time a source of fraud. - Absence of consistent policy in the sector of distribution, supply and storage. Page 32 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION The successive conflicts that the country went through destabilized the informal sector which ignores the basic safety regulations. Nevertheless, there are a few national and international companies which work in the formal sector complying with the trade art, international standards and the regulations in force in the country. On 20 September 2007, under the auspices of H.E. IDRISS DEBY ITNO, President of the Republic of Chad and H.E. HU Jintao, President of People's Republic of China, a Contract for the Incorporation of a Refinery Consortium was signed in Pekin. On 29 July 2008, a company existing under the laws of Chad, Known as Refining Company of NDjamena/Société de Raffinage de NDjamena S.A (S.R.N) was incorporated between the Republic of Chad and the People's Republic of China represented by their The object for which the Societé de Raffinage de NDjamena S.A (S.R.N) was established is to build and to exploit the Refinery with an initial capacity of crude oil treatment of 20,000 barrels perd ay. This capacity will progressively reach 60,000 barrels per day. The refinery will use crude oil from the fields of Sedigui north-west of NDjamena at about 350 kilometres. Both fields will be linked to the refinery by pipelines. The project for the construction of the refinery includes four (4) parts: - The construction of the Refinery ; - The construction of a Power Station of a 40 MW capacity, 20 of which for the Refinery's own consumption and 20 sold to the State on behalf of the Chad Water and Electricity Company/Société Tchadienne d'Eau et d'Electricité (STEE) - The construction of a Distribution Station ; Page 33 / APPA Bulletin / December 2008 - The construction of a life camp near the Refinery. The refinery whose starting up is scheduled to take place in late 2011 will put on the Chad market the following oil products: Liquefied petroleum gas (LPG) Aviation kerosene (jet A1) Paraffin oil Petrol Diesel oil Fuel oil Oils Residues. With the achievement of this project for the construction of the Refinery whose foundation stone was laid on 26 October 2008 by H.E. IDRISS DEBY ITNO, President of the Republic of Chad, the country expects to solve the energy problem and thus create the necessary conditions for its economic development. Mr MAHAMAT GADAM GADAYA Economic Adviser to the Minister of Oil, APPA National Representative for Chad < Indeed, Chad imports its oil products from neighbouring countries, mainly from Cameroon, Nigeria and sometimes from Libya and Sudan. respective National Companies, namely : the Société des Hydrocarbures du Chad (S.H.T.) and China National Petroleum Corporation International Company (CNPCI). The Republic of Chad has a 40 per cent holding in the company and the People's Republic of China 60 per cent. < NEWS FROM THE ASSOCIATION - Lack of material means and administrative rigour in the implementation of legislative and statutory texts. ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION (January-September, 2008) Since the beginning of 2008, the world petroleum market has been through a period of high price volatility. The prices climb by as much as US $40 a barrel, February through June, 2008 and later fall sharply by as much as $50, July through September, 2008. The first half of 2008 saw crude oil prices breach one barrier after another. They pushed past $100 a barrel for the first time on Feb. 19, then $120 a barrel, and than $140 a barrel and beyond. From July 4, 2008 to September, 2008 the price of crude oil has fallen by 35% due to the recent strengthening of the dollar, the easing of geopolitical tensions and the sharpened expectations of a slowdown in world petroleum demand growth. According to EIA, the crude oil price is expected to increase to $126 per barrel in 2009 due to the projected stronger growth in world petroleum demand. Global oil consumption is projected to rise by about 970,000 bbl/d in the second half of 2008 and by 920,000 bbl/d in all of 2009. < STATISTICS STATISTICS < OIL PRICES OF MAIN CRUDES IN APPA MEMBER COUNTRIES Page 34 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION Date Algeria Angola Cameroon (Month Average) (Saharan) (Cabinda) (Kole) Egypt (Suez) Libya (Es Sider) Nigeria Nigeria (Bonny Light) (Forcados) January 94.21 88.24 89.70 87.16 91.99 94.62 94.52 February 95.52 90.34 91.84 87.88 92.14 96.56 96.42 March 105.45 100.26 101.53 95.93 100.95 106.16 106.16 April 110.25 104.90 103.67 100.97 106.45 111.45 111.52 May 123.80 119.30 118.06 114.14 119.22 126.48 126.49 June 133.14 128.07 128.09 123.60 128.73 136.79 136.84 July 138 132.59 136.07 129.21 134.68 141.26 141.37 August 117.05 111.26 111.85 111.00 115.78 118.74 118.89 September 101.16 96.81 96.14 95.80 100.48 103.79 104.21 Source of Data Energy Information Administration (EIA), world oil prices Page 35 / APPA Bulletin / December 2008 < (January-September 2008) Spot Price (FOB)(US$) < STATISTICS STATISTICS OIL PRICES OF MAIN CRUDES IN APPA MEMBER COUNTRIES ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION WORLD CRUDE OIL RESERVES < STATISTICS STATISTICS September, 2008 Technical & Commercial Cooperation Unit Technical Division APPA < Source of image: ENI World Crude Oil Reserves World proven oil reserves have been increasing in recent years by 50% as the exploration drilling programs in many regions in the world are stepping up. Source: EIA World Proved Oil Reserves Billion barrel 1988 1998 2008 North America 82.7 67.4 211.2 S. & Cent. America 65.7 86.2 109.9 Europe & Eurasia 83.2 77.2 113.2 Middle East 564.7 677.0 748.3 Africa 55.2 70.1 114.8 Asia Pacific 37.8 42.3 34.3 World 889.3 1020.1 1331.7 Africa had together 114.8 billion barrels of proven oil reserves (as of January, 2008), constitutes 8.6% of total world proven oil reserves. The share of the world proven oil reserves has been increasing in recent years as Africa's major oil and gas producing provinces according to world energy experts will continue to attract huge exploration investments and yield larger-than-average discoveries. Page 36 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION Source: EIA 1988 1998 2008 Algeria 8.5 9.2 12.2 Angola 1.1 5.4 9.0 Benin 0.1 0.0 0.0 Cameroon 0.5 0.4 0.2 Chad NA NA 1.5 Congo 0.7 1.5 1.6 RDC 0.1 0.2 0.2 Cote d'Ivoire 0.1 0.1 0.1 Egypt 4.3 3.8 3.7 Equatorial Guinea NA 0.0 1.1 Gabon 0.6 2.5 2.0 Libya 21.0 29.5 41.5 Nigeria 16.0 16.8 36.2 South Africa NA 0.0 0.0 Billion Barrel In the year 2008, Libya is the largest proven oil reserves holder in Africa with (41.5 billion barrels), followed by Nigeria (36.2 billion barrels), Algeria (12.2 billion barrels), Angola (9.0 billion barrels), and Egypt (3.7 billion barrels). Page 37 / APPA Bulletin / December 2008 < Billion barrel < STATISTICS STATISTICS Proved Oil Reserves of APPA Member Countries ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION WORLD CRUDE OIL PRODUCTIONS < < STATISTICS STATISTICS September, 2008 Technical & Commercial Cooperation Unit Technical Division APPA Source of image: ENI World Crude Oil Production, 2007 Source of Data: BP World Crude Oil Production Million barrels daily 2005 2006 2007 North America 13.70 13.73 13.67 S. & Cent. America 6.70 6.87 6.63 Europe & Eurasia 17.54 17.60 17.84 Middle East 25.40 25.60 25.18 Africa 9.85 9.99 10.32 Asia Pacific 7.88 7.88 7.91 World 81.07 81.67 81.55 Africa produced in total 10.32 million barrels per day (bbl/d) of crude oil in 2007, constitutes 12.7 % of world crude oil production. Africa's crude oil production has been increasing, by 25% since 1997. According to the EIA forecasts crude oil production capacity could increase in coming years as most of APPA Member Countries are planning to increase investments in exploration and development efforts. Page 38 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION Source of Data: BP 2005 2006 2007 North America 16.90 16.81 16.76 S. & Cent. America 8.26 8.41 8.13 Europe & Eurasia 21.64 21.55 21.88 Middle East 31.33 31.35 30.88 Africa 12.15 12.23 12.65 Asia Pacific 9.72 9.65 9.70 World 100% 100% 100% Nigeria produced 1.86 million barrels per day (bbl/d) in 2Q of 2008, down from 2.46 million barrels per day (bbl/d) at the end of 2005. The reason of decline was the unrest in Niger Delta. The unrest had cut oil production by around a fifth and allowing Angola to surpass Nigeria as Africa's biggest oil exporter. Million Barrel Angola produced 1.9 million barrels of oil per day in 2Q of 2008 and is expected to produce 2 million barrels of oil per day by the end of this year. Thousand Barrel Crude Oil Production of APPA Member Countries Page 39 / APPA Bulletin / December 2008 < (%) < STATISTICS STATISTICS Crude Oil Production Share by Region ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION WORLD NATURAL GAS RESERVES < September, 2008 Technical & Commercial Cooperation Unit Technical Division APPA < STATISTICS STATISTICS Source: ENI World Natural Gas Reserves, 2004 World proven natural gas reserves have been increasing in last 20 years by 63%. Source: EIA World Natural Gas Reserves Billion Cubic Meter 1988 1998 2008 North America 10.13 8.29 7.92 S. & Cent. America 4.20 6.22 7.33 Europe & Eurasia 47.53 60.86 61.23 Middle East 30.35 48.33 71.37 Africa 6.96 9.76 13.71 Asia Pacific 7.15 8.98 11.63 World 106.32 142.42 173.19 Africa had 13.71 billion cubic meters (bcm) of proven natural gas reserves (as of January, 2008), constitutes 7.9% of total world proven natural gas reserves. Nigeria and Algeria are among the world top 10 gas reserves holders. Page 40 / APPA Bulletin / December 2008 ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION 1988 1998 2008 Algeria 2.97 3.66 4.45 Angola 0.05 .05 0.27 Benin NA 0 0 Cameroon 0.10 0.11 0.13 Chad NA NA NA Congo 0.07 0.09 0.09 RDC 0 0 0 Cote d'Ivoire 0.10 0.03 0.03 Egypt 0.29 0.77 1.64 Equatorial Guinea NA 0.04 0.04 Gabon 0.02 0.03 0.03 Libya 0.72 1.30 1.40 Nigeria 2.35 3.22 5.15 South Africa 0.03 0.02 NA In the year 2008, Nigeria is the largest proven natural gas reserves holder in Africa with (5.15 billion cubic meters), followed by Algeria (4.45 billion cubic meters), Egypt (1.64 billion cubic meters), and Libya (1.4 billion cubic meters). Page 41 / APPA Bulletin / December 2008 < (Billion Cubic Meter) < STATISTICS STATISTICS Proved Natural Gas Reserves of APPA Member Countries Publication semestrielle / Half-yearly Publication Prix : 1500 FCFA / 3$US ISSN : 1991-7597 Préparation de la 26e Réunion du Conseil des Ministres de l’APPA, Brazzaville. Preparation of the 26th Meeting of Council of Ministers of APPA, Brazzaville.