Africa’s booming energy sector now accounts for 13% of the best paying roles advertised for international oil and gas experts, more than the Middle East, according to new research by Von Essen, the leading providers of tax advisory services to international contractors.
Von Essen says that a growing number of oil and gas jobs offering more than £100,000 per annum are being created by increased exploration and extraction activity in Africa, not just in well-established centres in Northern Africa and Nigeria, but increasingly also in Kenya, Ghana, Tanzania, Niger, Uganda, Mozambique, and Angola.
Von Essen explains that the business environment in many African countries has been improving, encouraging greater external investment. Ghana, Niger, Uganda and Kenya are now able to produce more than 100,000 barrels of oil a day.
Nigeria is estimated to be the world’s tenth most oil-rich nation and one of the few oil producers that has not yet hit peak production. Nearly all of the country’s reserves are found in the delta of the Niger River where there are approximately 160 oil fields and 1480 wells in operation.