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March 10, 2010

Is East Africa the Next Oil Frontier?

Nick Wadhams, Time

Seismic tests over the past 50 years have shown that countries up the coast of East Africa have natural gas in abundance. Early data compiled by industry consultants also suggest the presence of massive offshore oil deposits. Those finds have spurred oil explorers to start dropping more wells in East Africa, a region they say is an oil and gas bonanza just waiting to be tapped, one of the last great frontiers in the hunt for hydrocarbons.

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TAGGED: Namibia, Kenya, Madagascar, Somalia, Mozambique, East Africa, Africa

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