Ship&Offshore | Issue 03/2015
An industry under pressure
WEST AFRICA The steep drop in oil prices has shaken oil-producing countries in West Africa. And their national oil companies lack the money and expertise to develop expensive offshore fields. Asian buyers, particularly from China and India, are most likely to seize the opportunity to snap up valuable oil industry assets in the region at bargain prices, writes Dirk Siebels, PhD candidate at the University of Greenwich in London.