Africa Oil and Gas Sector Report 2025-2026

Africa's oil and gas sector is a dynamic and significant component of the global energy landscape, characterised by substantial reserves, a diverse array of major players, evolving trends, and persistent challenges. The continent boasts approximately 7.6% of worldwide oil reserves and 8.2% of global proven gas reserves in 2024, according to data from the Organization of the Petroleum Exporting Countries (OPEC). While five countries - Algeria, Nigeria, Libya, Egypt, and Angola - account for the vast majority (five out of every six barrels) of Africa's oil and gas production, as highlighted by Wood Mackenzie, their assets are mature, with production peaking between 2005 and 2010.

This report provides a complete and detailed analysis of the "Oil exploration" sector for Africa and the Middle East. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Oil exploration" sector in Africa and the Middle East
• Crystallise the forces both driving and restraining this sector in Africa and the Middle East
• Ascertain Africa and the Middle East’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Africa and the Middle East.
• Build a clear picture of trends, output and consumption for specific sub-sectors