Top 10 Oil Producing Countries In Africa 2015 (Current)

The year thus far has seen a lot of fluctuations per country production and a large effect coming in from the drop in oil prices by over 60% in November 2014. The withdrawal of investments from oil and gas projects across the continent have not been so surprising owing to issues ranging from the current oil price, civil unrest, unfavourable policies and diverse politically uncertain scenarios.

Africa's Oil 'Sweet Spots' Still Viable After Price Rout

African oil explorers will keep drilling in select locations such as onshore east Africa and less complex projects off the West African coast even with oil at $60 a barrel, executives and analysts told Reuters. 

But they warned that African governments with reserves in less attractive locations should revise terms now or forfeit the investment, leaving the oil and gas underground. "There are still some exciting areas in Africa like east Africa and in particular the onshore areas," said Aidan Heavey, CEO of one of Africa's biggest explorers Tullow Oil, referring to drilling projects in Kenya and Uganda. "This is certainly not the end of African oil - far from it."