The Kingdom of Saudi Arabia (KSA) pumped 10.72mb/d of oil, a record-high in November as the Organization of Petroleum Exporting Countries (OPEC) pushed for a global deal on production cuts.
Gas production has resumed at Libya’s eastern Abu Tifl field and 12,000b/d of oil will starting pumping by mid-November 2016, with the oil being pumped to Zuetina port.
Sudan's oil production has dropped to between 95,000 to 100,000b/d, while the country has partially lifted fuel and electricity subsidies as part of an economic reform package aimed at cutting government spending.
Oil production from Ghana’s Sankofa-Gye Nyame oil field, is expected to commence in the second quarter of 2017 while production of gas is expected to begin in the second quarter of 2018.
Africa-focused Lekoil is expected to begin commercial oil production from Nigeria’s Otakikpo marginal field during October, following the completion of the Otakikpo-003 well.
Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its output at the current level 3.6mb/d, in a major compromise ahead of talks in Algeria by the end of September.
Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000b/d.