GlobalData’s latest report, Top Oil and Gas Companies Planned Projects and Capital Expenditure Outlook in Africa – Eni, Sonatrach, and Nigerian National Petroleum Lead in Oil and Gas Capex states that Eni SpA tops the list with estimated capex of $26.8bn expected to be spent on 20 oil and gas projects. Sonatrach SPA and NNPC closely follow with $26.6bn (30 projects) and $26.4bn (24 projects), respectively.

In the upstream sector, Shell leads among the companies with estimated capex of $20.9bn to be spent on eight planned and announced upstream projects. Exxon Mobil Corp and Eni SpA follow with $15.3bn each. The two companies are expected to spend capex on 11 and 14 projects, respectively.

In the midstream side, on oil and gas pipelines, NNPC is expected to lead in terms of capex spending with $21.1bn to bring 13 planned and announced projects online by 2025. BP Plc leads in the gas processing segment, with estimated capex spending of $1.8bn on two new projects.

Capex spending by key companies on planned and announced projects across oil and gas value chain in Africa

On the LNG liquefaction front, Exxon Mobil is expected to spend estimated capex of $6.8bn on two upcoming liquefaction terminals by 2025. Mitsui & Co leads in regasification capex, with $395.3m to be spent on two upcoming regasification terminals.

In the liquids storage segment, Sonangol EP leads with estimated capex of $325.5m estimated to be spent on a planned liquids storage terminal by 2025.

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On the downstream side, Sonangol EP leads again, with an estimated capex of $16.9bn on the development of four crude oil refineries by 2025. Ode-Aye Refinery Ltd. and CEF (SOC) follow with capex of $16bn expected to be spent on two upcoming projects and $10.2bn expected to be spent on two new projects, respectively

In the petrochemical sector, Carbon Holdings is expected to lead with estimated capex of $9.6bn to be spent on 10 upcoming petrochemical plants, followed by Dangote Group with estimated capex of $6.7bn expected to be spent on 10 new projects. Indorama Ventures PCL is in third position with $4.7bn expected to be spent on three upcoming projects.