The 2025 West Africa Oil and Gas Outlook by Deloitte has revealed that the region’s energy market is experiencing robust growth, fueled by rising global energy demand and vast untapped reserves. The report, released in October 2025, highlights that the West African oil and gas market is projected to record a Compound Annual Growth Rate (CAGR) of 6.5% between 2025 and 2033, estimated at a value of US$80 million.
According to Deloitte, Nigeria and Ghana are driving this expansion, contributing 60% and 20%, respectively, to the region’s total market value. The study points to these two economies as key players in shaping the future of energy security and sustainability in sub-Saharan Africa.
The report underscores that the continent’s oil and gas sector is at a critical turning point, as countries rethink strategies for energy equity and long-term sustainability. It notes that from Nigeria’s hydrocarbon-rich Niger Delta to Angola’s offshore reserves and East Africa’s gas fields, African nations are recalibrating their approach to balance production with environmental responsibility.
In production terms, Nigeria continues to lead Africa’s crude oil output, averaging 1.5 million barrels per day (bpd) at the end of 2024, followed by Angola with 1.4 million bpd. These figures highlight the strategic importance of the West African region to the continent’s overall energy portfolio.
However, Deloitte cautioned that despite these gains, the sector still faces complex operational and policy challenges. The report, titled “Shaping Opportunity from Complexity in West Africa’s Oil and Gas Market,” calls for greater collaboration, innovation, and policy reforms to ensure that the region’s oil and gas wealth drives inclusive and sustainable economic growth.