Final Presentation  

The Corporate Council on Africa (CCA) held its second annual Africa Oil & Gas Forum in Houston, Texas from November 19-21, 2003.  This forum was designed for an audience of high level U.S. and African energy industry representatives and dignitaries.

Africa stands on the brink on an unprecedented oil boom. Global oil corporations are investing billions of dollars into offshore and natural gas developments to reap the benefits of the world's last large unexplored energy frontier. The region offers what is potentially the next major economic growth point in the world, based on strategic energy supplies and other natural resources. Africa's, especially West Africa, geographic location provides accessibility to world markets; the region offers relatively low labor and infrastructure costs, an almost 50% discovery rate and, most significantly, the prospect of relative strategic stability. All this action makes Africa one of the hottest places for oil and gas exploration in the world and U.S. companies are spearheading this rush for African energy supplies.

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