The East African Oil & Gas Market 2013-2023

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Contents
1. Executive Summary
1.1 East African Oil & Gas Market Overview 1.2 Benefits of This Report 1.3 Who is This Report For? 1.4 Methodology 1.5 East African Oil & Gas Market Forecast 2013-2023 1.6 East African National Market Forecasts 2013-2023

2. Introduction to the East African Oil & Gas Market

2.1 East African Oil & Gas Market Structure Overview 2.2 East African Oil & Gas Market Definition 2.3 Critical Issues in the East African Oil and Gas Market 2.3.1 Political (In)Stability 2.3.2 Economic and Energy Sector Development 2.3.3 Global LNG Competition and Regional Refining Capacity

3. The East African Oil & Gas Market

3.1 East African Oil & Gas Market Forecast 2013-2023 3.2 East African Onshore/Offshore E&P Forecast 2013-2023 3.3 East African Oil & Gas Market Projects 2013-2023

4. East African National Oil & Gas Markets 2013-2023

4.1 East African National Oil & Gas Markets Share Forecast 2013-2023 4.2 East African National Market Share Forecast 2013, 2018, 2023 4.3 East African Oil & Gas Market Barriers to Entry Analysis 2013-2023 4.4 Mozambique Oil & Gas Market Forecast 2013-2023 4.4.1 Mozambique Oil & Gas Market 4.4.2 Mozambiques Economy and Business Climate 4.4.3 Mozambiques Exploration and Production Market

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4.4.4 Mozambique Oil & Gas Projects 4.4.5 Mozambique Oil & Gas Market Summary 4.5 Tanzanian Oil & Gas Market Forecast 2013-2023 4.5.1 Tanzanian Oil & Gas Market 4.5.2 Tanzanian Economy and Business Climate 4.5.3 Tanzanias Exploration and Production Market 4.5.4 Tanzanian Oil & Gas Projects 4.5.5 Tanzanian Oil & Gas Market Summary 4.6 Ugandan Oil & Gas Market Forecast 2013-2023 4.6.1 Ugandan Oil & Gas Market 4.6.2 Ugandan Economy and Business Climate 4.6.3 Ugandan Exploration and Production Market 4.6.4 Ugandan Oil & Gas Projects 4.6.5 Ugandan Oil & Gas Market Summary 4.7 Kenyan Oil & Gas Market Forecast 2013-2023 4.7.1 Kenyan Oil & Gas Market 4.7.2 Kenyan Economy and Business Climate 4.7.3 Kenyan Exploration and Production Market 4.7.4 Kenyan Oil & Gas Projects 4.7.5 Kenyan Oil & Gas Market Summary 4.8 South Sudanese Oil & Gas Market Forecast 2013-2023 4.8.1 South Sudanese Oil & Gas Market 4.8.2 South Sudanese Economy and Business Climate 4.8.3 South Sudanese Oil & Gas Market Summary 4.9 Ethiopian Oil & Gas Market Forecast 2013-2023 4.9.1 Ethiopian Oil & Gas Market 4.9.2 Ethiopian Economy and Business Climate 4.9.3 Ethiopian Oil & Gas Market Summary

5. PEST Analysis of the East African Oil & Gas Market 2013-2023
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6. Major Companies in the East African Oil & Gas Market
6.1 Tier One Company Analysis 6.1.1 Anadarko Petroleum Corporation 6.1.2 BG Group 6.1.3 DAR Petroleum Operating Company Ltd 6.1.4 ENI S.p.A 6.1.5 Sasol 6.1.6 Statoil 6.1.7 Total S.A. 6.1.8 Tullow Oil 6.2 Tier Two Company Overview 6.3 Other Companies in the East African Oil & Gas Market 2013 6.4 Transactions in the East African Oil & Gas Market

7. Conclusions
7.1 East African Oil & Gas Market Outlook 7.2 East African National Oil & Gas Market Forecast 2013-2023

8. Glossary

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List of Tables
Table 1.1 East African National Market Forecasts Summary 2013, 2018, 2023 ($m, CAGR%) Table 2.2 East Africa Failed State Index Table 2.3 Worldwide Governance Indicators 2012 East Africa (Percentile Rank) Table 2.4 East African Countries Economic Indicators Summary Table 2.5 East Africa Road Transport Network Overview Table 2.6 East African Countries Global Competitiveness Report 2012-2013 Scores Table 2.7 East African Countries Doing Business 2013 Scores Table 2.8 East African Countries Corruption Perception Index 2012 Scores (Out of 174) Table 3.1 East African Market Forecast 2013-2023 ($m, AGR%, CAGR%, Cumulative) Table 4.1 East African National Oil & Gas Markets Forecast 2013-2023 ($m, AGR%) Table 4.2 East African National Oil & Gas Markets Cumulative Spending 2013-2023 (Rank, $m) Table 4.3 Mozambique Oil & Gas Market Forecast 2013-2023 ($m, AGR%, CAGR%, Cumulative) Table 4.4 Mozambique Economic Indicators Table 4.5 Mozambique Petroleum Sector Information Table 4.6 Mozambique Competitiveness and Corruption Indices Table 4.7 Mozambique Global Competitiveness Report 20122013 Table 4.8 Mozambique Governance Indicators 2012 (Percentile Rank) Table 4.9 Mozambique Onshore & Offshore Licence Area Overview (Company, Block, Onshore/Offshore, km2, Other Companies, Status) Table 4.10 Mozambique Oil & Gas Infrastructure Projects ($m, Year) Table 4.11 Mozambique Oil & Gas Market Drivers & Restraints Table 4.12 Tanzanian Oil & Gas Market Forecast 2013-2023 ($m, AGR%, CAGR%, Cumulative) Table 4.13 Tanzanian Oil & Gas Sector Information Table 4.14 Tanzanian Economic Indicators Table 4.15 Tanzanian Competitiveness and Corruption Indices Table 4.16 Tanzanian Global Competitiveness Report 2012-2013 Table 4.17 Tanzanian Governance Indicators 2012 (Percentile Rank) Table 4.18 Prospective Tanzanian Licence Areas Table 4.19 Tanzanian Offshore Blocks (Company, Block, km2, Other Companies, Status) Table 4.20 Tanzanian Onshore Blocks (Company, Block, Onshore/Offshore km2, Other Companies, Status) Table 4.21 Tanzanian Production Blocks (Company, Block, Onshore/Offshore km2, Other Companies, Status) Table 4.22 Tanzanian Oil & Gas Market Drivers & Restraints Table 4.23 Tanzanian Oil & Gas infrastructure Projects ($m, Year) Table 4.24 Ugandan Oil & Gas Market Forecast 2013-2023 ($m, AGR%, CAGR%, Cumulative)

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Table 4.25 Ugandan Oil & Gas Sector Information Table 4.26 Ugandan Economic Indicators Table 4.27 Ugandan Competitiveness and Corruption Indices Table 4.28 Ugandan Global Competitiveness Report 2012-2013 Table 4.29 Ugandan Governance Indicators 2012 (Percentile Rank) Table 4.30 Ugandan Oil Blocks (Operator, Block, km2, Other Companies, Status) Table 4.31 Ugandan Oil & Gas Market Drivers & Restraints Table 4.32 Ugandan Oil & Gas Infrastructure Projects ($m, Year) Table 4.33 Kenyan Oil & Gas Market Forecast 2013-2023 ($m, AGR%, CAGR%, Cumulative) Table 4.34 Kenyan Oil & Gas Sector Information Table 4.35 Kenyan Economic Indicators Table 4.36 Kenyan Competitiveness and Corruption Indices Table 4.37 Kenyan Global Competitiveness Report 2012-2013 Table 4.38 Kenyan Governance Indicators 2012 (Percentile Rank) Table 4.39 Kenyan Offshore Licence Areas (Company, Block, km2, Other Companies, Status) Table 4.40 Kenyan Onshore Licence Areas (Company, Block, km2, Other Companies, Status) Table 4.41 Kenyan Oil & Gas Infrastructure Projects ($m, Year) Table 4.42 Kenyan Oil & Gas Market Drivers & Restraints Table 4.43 South Sudanese Oil & Gas Market Forecast 2013-2023 ($m, AGR%, CAGR%, Cumulative) Table 4.44 South Sudanese Economic Indicators Table 4.45 South Sudanese Licence Blocks (Operator, Block, Exploration/Production, Other Companies) Table 4.46 South Sudanese Governance Indicators 2012 (Percentile Rank) Table 4.47 South Sudanese Oil & Gas Projects ($m, Year) Table 4.48 South Sudanese Oil & Gas Market Drivers & Restraints Table 4.49 Ethiopian Oil & Gas Market Forecast 2013-2023 ($m, AGR%, CAGR%, Cumulative) Table 4.50 Ethiopian Economic Indicators Table 4.51 Ethiopian Oil & Gas Sector Information Table 4.52 Ethiopian Competitiveness and Corruption Indices Table 4.53 Ethiopian Global Competitiveness Report 2012-2013 Table 4.54 Ethiopian Governance Indicators 2012 (Percentile Rank) Table 4.55 Ethiopian Licence Blocks (Operator, Block, km2, Other Companies, Status) Table 4.56 Ethiopian Oil & Gas Market Drivers & Restraints Table 5.1 PEST Analysis of the East African Oil & Gas Market 2013-2023 Table 6.1 Anadarko Petroleum Corporation Overview 2012 (Company Revenue, E&P Spending, Net Income, Countries Active, Blocks Total)

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Table 6.2 Anadarkos East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.3 BG Group Overview 2012 (Company Revenue, E&P Spending, Net Income, Countries Active, Blocks Total) Table 6.4 BG Groups East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.5 DAR Petroleums East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.6 ENI S.p.A. Overview 2012 (Company Revenue, E&P Spending, Net Income, Countries Active, Blocks Total) Table 6.7 ENIs East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.8 Sasol Overview 2012 (Company Revenue, E&P Spending, Net Income, Countries Active, Blocks Total) Table 6.9 Sasol East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.10 Statoil Overview 2012 (Company Revenue, E&P Spending, Net Income, Countries Active, Blocks Total) Table 6.11 Statoils East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.12 Total S.A. Overview 2012 (Company Revenue, E&P Spending, Net Income, Countries Active, Blocks Total) Table 6.13 Totals East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.14 Tullow Oil Overview 2012 (Company Revenue, E&P Spending, Net Income, Countries Active, Blocks Total) Table 6.15 Tullows East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.16 Africa Oils East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.17 CNOOCs East African Operations Overview (Operator, Block, km2, Other Companies, Country) Table 6.18 Other Companies in the East African Oil & Gas Market 2013 (Company, Country) Table 6.19 Asset Transactions in the East African Oil & Gas Market 2009-2013 (Year, Buyer, Seller, $m, Licence Area) Table 6.20 Corporate Transactions in the East African Oil & Gas Market 2009-2013 (Year, Buyer, Seller, $m, Licence Area)

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Table 7.1 East African Oil & Gas Projects 2013-2023 (Project, Cost $m, Year, Country) Table 7.2 East African Oil & Gas Market Drivers & Restraints Summary Table 7.3 East African National Oil & Gas Market Forecasts Summary 2013, 2018, 2023 ($m), 2013-2023 CAGR (%)

List of Figures
Figure 2.1 East African Oil and Gas Market Structure Overview Figure 2.2 East Africa Political Risk Rating Figure 2.3 East African Countries GDP Growth 1998-2012 (% Change) Figure 2.4 East African Countries Inflation 1998-2012 (%) Figure 2.5 East African Population Growth Forecast 1998-2017 Figure 3.1 East African Market Forecast 2013-2023 ($m, AGR%) Figure 3.2 East African Onshore & Offshore E&P Forecast 2013-2023 ($m, AGR%) Figure 3.3 East Africa E&P CAGRs (%) 2013-2018, 2018-2023, 2013-2023 Figure 3.4 East Africa Onshore/Offshore E&P Cumulative Spending 2013-2023 (%) Figure 3.5 East African Oil and Gas Projects 2013-2023 ($m, Project End Date) Figure 3.6 Cumulative Spending 2013-2023 on Oil & Gas Projects (% Share) Figure 3.7 Cumulative Spending 2013-2023 on E&P and Oil & Gas Projects (% Share) Figure 4.1 East African National Oil & Gas Markets Forecast 2013-2023 ($m, AGR%) Figure 4.2 East African National Oil & Gas Markets Forecast 2013-2023 ($m) Figure 4.3 East African National Oil & Gas Markets Share Forecast 2013 (% Share) Figure 4.4 East African National Oil & Gas Markets Share Forecast 2018 (% Share) Figure 4.5 East African National Oil & Gas Markets Share Forecast 2023 (% Share) Figure 4.6 East African National Oil & Gas Markets Share Change 2013-2023 (%) Figure 4.7 Barriers to Entry vs. National Market Size vs. CAGR% 2013-2023 ($m, CAGR%) Figure 4.8 Mozambique Oil & Gas Market Forecast 2013-2023 ($m, AGR%) Figure 4.9 Mozambique Oil & Gas Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.10 Mozambique Sedimentary Basins Figure 4.11 Mozambique Licence Blocks Figure 4.12 Mozambique E&P Market Forecast 2013-2023 ($m, AGR%) Figure 4.13 Tanzanian Oil & Gas Market Forecast 2013-2023 ($m, AGR%) Figure 4.14 Tanzanian Oil & Gas Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.15 Tanzanian Sedimentary Basins Figure 4.16 Tanzanian Licence Blocks Figure 4.17 Tanzanian E&P Market Forecast 2013-2023 ($m, AGR%) Figure 4.18 Ugandan Oil & Gas Market Forecast 2013-2023 ($m, AGR%)

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Figure 4.19 Ugandan Oil & Gas Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.20 Ugandan Sedimentary Basins Figure 4.21 Ugandan Licence Blocks Figure 4.22 Kenyan Oil & Gas Market Forecast 2013-2023 ($m, AGR%) Figure 4.23 Kenyan Oil & Gas Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.24 Kenyan Sedimentary Basins Figure 4.25 Kenyan Licence Blocks Figure 4.26 South Sudanese Oil & Gas Market Forecast 2013-2023 ($m, AGR%) Figure 4.27 South Sudanese Oil & Gas Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.28 South Sudanese Licence Blocks Figure 4.29 Ethiopian Oil & Gas Market Forecast 2013-2023 ($m, AGR%) Figure 4.30 Ethiopian Oil & Gas Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 6.1 Major Companies in the East African Market 2013-2023 Ranking Figure 7.1 East African National Oil & Gas Markets Forecast 2013-2023 ($m, AGR%) Figure 7.2 East African National Oil & Gas Cumulative Spending 2013-2023 (% Share) Figure 7.3 East African National Oil & Gas Markets Share 2013 & 2023 (% Share)

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Companies Mentioned in This Report
A-Z Petroleum Adamantine Energy Afar Exploration Afren Africa Oil Corp. Agriterra Aminex plc Anadarko Antrim Resources Apache Energy Arco Artumas Avana Petroleum Beach Energy BG Group Black Marlin Energy Bounty Oil and Gas BowLeven BP BPRL Buzi Hydrocarbons Camac Centric Energy CNOOC CNPC Cove Energy plc DAR Petroleum Operating Company Ltd Dodsal Dominion Petroleum Edgo Energy ExxonMobil Empresa Nacional de Hidrocarbonetos (ENH) ENI S.p.A. ERHC Energy Essar Falcon Petroleum

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FAR Limited Flow Energy Fluor Galp Energia Gigamethanol BV Greater Pioneer Operating Company (GPOC) Harmattan Heritage Oil Hydrotanz Imara Energy Incitec Group Inpex Jacka Resources JGC Corp Japan Oil, Gas and Metals National Corporation (JOGMEC) Kalila Energi Kenya Petroleum Refineries Ltd. Kenya Pipeline Company (KPC) Kogas Lion Energy Lion Petroleum Marathon Oil Maurel & Prom Minergy Resources Ltd Mitsui E&P Motherland Industries ltd Mott-MacDonald Mubadala Petroleum National Oil Corporation of Kenya (NOCK) Ndovu Resources Neptune Petroleum New Age ltd. Nilepet Oilmoz Ophir Energy Orca Exploration Origin Energy

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Otto Energy Pacific Seaboard Investments PanAfrican Energy Pancontinental Oil & Gas Petrobras Petrodel Resources Limited Petronas PetroSA PetroTrans Pexco Platform Resources Premier Oil Limited PTT Exploration and Production plc Radyolla Group Ras Al Khaimah Gas Tanzania Ltd (RAK Gas) Rift Energy Rosneft Royal Dutch Shell plc Saipem Sasol Simba Energy Sinopec Sohi Gas Dodori Sohi Gas Lamu Solo Oil plc Southwest Energy Star Petroleum Statoil Sudd Petroleum Operating Company Ltd Swala Energy Taipan Resources Inc. Tamoil Tanzania Petroleum Development Corporation (TPDC) Total S.A. Tower Resources Tri-Ocean Energy Tullow Oil

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Turkana Resources Vanoil Ventech Engineers International Videocon Hydrocarbon Holdings Limited Wentworth Resources Limited Zarara

Government Agencies and Other Organisations Mentioned in This Report

Central Intelligence Agency (CIA) East African Community (EAC) Export Import Bank of China Foreign Policy (FP) ICC Commercial Crime Services Instituto Nacional de Petroleo International Criminal Court (ICC) Lords Resistance Army (LRA) Ministry of Mineral Resources (Mozambique) Ogaden National Liberation Front (ONLF) Transparency International Ugandan Ministry of Energy and Mineral Development Ugandan Revenue Authority United Nations (UN) United States Agency for International Development (USAID) World Bank (WB) World Economic Forum

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The East African Oil & Gas Market 2013-2023

4.6.3 Ugandan Exploration and Production Market
Figure 4.21 Ugandan Licence Blocks
In 2011 Tullow completed a $2.9bn farmout of its Ugandan acreage and will now develop its 4 Ugandan blocks in cooperation with CNOOC and Total S.A. which both hold a 33.3 percent share in each block. Tullow originally expected to begin production in Uganda in 2015 but the project was faced by several delays and the three companies are currently aiming for initial output of around 20,000 barrels per day by 2017 from the blocks on the shores of Lake Albert, which should rise to 230,000 bpd by 2020. Several other companies have been active in Ugandan in the past. Most recently Dominion Source: Ugandan Ministry of Energy and Mineral Development Petroleum and Tower

Resources where active in Uganda but relinquished their licences in 2012.

The Ugandan government has repeatedly stated that it is looking to auction off new licensing areas to build on recent success made in the country. Currently, the government of president Museveni is planning to reform the Ugandan upstream sector and will likely proceed with the sale of new blocks once reforms governing the oil and gas sector have been implemented. Table 4.30 gives an overview of the five blocks currently designated for commercial production. Focus for 2013 will be on the Total operated block where the company announced it would spend $650m this year alone.

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4.7 Kenyan Oil & Gas Market Forecast 2013-2023
Table 4.33, Figures 4.22 and 4.23 show visiongains forecast for the Kenyan oil & gas market over the next ten years.

Table 4.33 Kenyan Oil & Gas Market Forecast 2013-2023 ($m, AGR%, CAGR%, Cumulative)
2012 Capex $m AGR (%) CAGR (%) 2013-18 CAGR (%) 2013-23 150 2013 441 193.8 2014 60.4 2015 81.0 32.7 2016 23.5 2017 27.4 2018 -10.0 2018-23 22.5 2019 8.7 2020 11.8 2021 14.0 13.2 2022 18.3 2023 2013-23 13.2 707 1,280 1,581 2,014 1,813 1,971 2,203 2,511 2,971 3,363 20,853

Source: Visiongain 2013

Figure 4.22 Kenyan Oil & Gas Market Forecast 2013-2023 ($m, AGR%)
3,500 200%

3,000 150% 2,500 100% AGR 1,500 50% 1,000 0% 500 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Year Source: Visiongain 2013 -50%

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Capex $m

2,000

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The East African Oil & Gas Market 2013-2023

In the World Banks Doing Business 2013 ranking Ethiopia was the third best East African country, behind Uganda and Kenya. In the Global Competitiveness Report and the Corruption Perception Index it was ranked second best in East Africa. The Governance Indicators further support the case that Ethiopia, despite severe problems with security and political stability, has done a better job than most countries in the region with regard to establishing a stable business environment through efficient institutions and comparatively low levels of corruption.

4.9.3 Ethiopian Oil & Gas Market Summary

Ethiopia will remain the smallest market throughout the forecast period. While it has proven gas reserves these are located in one of the most remote and dangerous areas in the country and exploration in the Ogaden region will thus progress very slowly. Currently, Tullow is the only company actively drilling in Ethiopia. The companys well near the southern border with Kenya shows similar geographical characteristics and the company is hopeful that it will encounter oil rich plays. Apart from Tullow most companies are in the early stages of development and will only start drilling in the coming years. Ethiopia possesses both gas and oil potential and exploration will increase significantly over the next decade. With the current security and economic situation in the country however the oil and gas market will trail behind the rest of East Africa for the foreseeable future. Table 4.55 provides and overview of the current companies active in Ethiopia and the licence blocks they are operating on while Table 4.56 lists the major drivers and restraints of the Ethiopian oil and gas market.

Table 4.55 Ethiopian Licence Blocks (Operator, Block, km2, Other Companies, Status)
Operator Southwest Energy Tullow Oil Falcon Petroleum Falcon Petroleum New Age Africa Oil Africa Oil Pexco Southwest Energy Southwest Energy Block Gambella Basin South Omo AB1 AB4, AB7 7, 8 Adigala Rift Basin Area 18, 19, 21 Jimma 9, 9A, 13 13,000 29,000 PSA awaiting approval of ministry A 3-well drilling program is scheduled for 2013-2014 23,162 27,193 42,519 Environmental Impact Assessment Afren (30%) Africa Oil (30%) Exploration drilling in2013 km2 17,000 29,465 Africa Oil (30%) Marathon Oil (20%) Other Companies Status full tensor gravity & magnetic surveys started drilling Sabisa-1 in December 2012 seismic survey

Source: Visiongain 2013

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The East African Oil & Gas Market 2013-2023

6. Major Companies in the East African Oil & Gas Market
Figure 6.1 Major Companies in the East African Market 2013-2023 Ranking

Anadarko

Tier 1

BG Group DAR Petroleum Operating Company Ltd ENI Sasol Statoil Total S.A.

Africa Oil Corp. Apache Energy CNOOC CNPC

Tier 2

Greater Pioneer Operating Company Heritage Oil Maurel & Prom Ophir Energy Petronas Shell Sudd Petroleum Operating Company Ltd

PanAfrican Energy Petrobras

Adamantine Energy Afren plc Antrim Energy Inc. A-Z Petroleum, Beach Energy Camac Dodsal Edgo Energy Falcon Petroleum FAR Limited Hydrotanz

Imara Energy Jacka Resources Kalila Energi Motherland Industries Ltd New Age Ltd Ndovu Resources Pacific Seaboard Investments Petrodel

Pexco Rift Energy

Tier 3

Simba Energy Sohi Gas Dodori Sohi Gas Lamu Southwest Energy Star Petroleum Swala Energy Taipan Resources Vanoil

Source: Visiongain 2013

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The East African Oil & Gas Market 2013-2023

6.2 Tier Two Company Overview
Africa Oil Corporation Operator of two blocks in Ethiopia; 30 percent share in Tullows South Omo block First well on South Omo encountered hydrocarbons 2 more wells on South Omo block planned for 2013 Environmental Impact Assessment for Rift Basin Area in Ethiopia Operator of Block 10BB in Kenya and working interest in 4 of Tullows Blocks in Kenya Blocks 10BB and 13T encountered 100 and 30 metres of net oil pay respectively Tullow and Africa Oil plan to drill at least a further 5 exploration wells on 10BB and at least 4 on 13T in 2013

Table 6.16 Africa Oils East African Operations Overview (Operator, Block, km2, Other Companies, Country)
Operator Tullow Oil Africa Oil Africa Oil Africa Oil Africa Oil Tullow Oil Tullow Oil Tullow Oil Tullow Oil Source: Visiongain 2013 Apache Energy Holds licence area L8 offshore Kenya; 5,114km2 Mbawa-1 drilled first well in Q4/2012; encountered 52 metres of gas Will analyse data to determine future exploration activities 2 appraisal wells planned in 2013 Block South Omo Adigala Rift Basin Area 9 10BB 10A 10BA 12A 13 T km2 29,465 27,193 42,519 29,593 8,835 14,597 21,088 20,341 6,298 Marathon Oil (50%) Tullow Oil (50%) Africa Oil (20%) Africa Oil (50%) Africa Oil (20%), Marathon Oil (15%) Africa Oil (50%) Other companies Africa Oil (30%), Marathon Oil (20%) Country Ethiopia Ethiopia Ethiopia Kenya Kenya Kenya Kenya Kenya Kenya

CNOOC Holds 33.3% interest in 4 Ugandan blocks Will develop Ugandan oil reserves in cooperation with Total and Tullow Operator of Block EA3A No drilling planned on EA3A in 2013

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