Wosley Oil and Gas is
an Africa focused petroleum company that is uniquely positioned to provide the best-in-class products and services to the
market, with an unwavering commitment to quality. We are an important player across the entire value-chain of the oil and
gas industry, and are well poised to create sustainable value.
Africa is a continent consisting of 55 countries
with a population estimated to be over 900million (Approx. 1billion). The oil and gas industry is certainly important to the
growth and development of the continent.
recent survey by BP Statistical Energy showed that Africa had proven oil reserves of about 134 billion barrels as at
the end of 2011, which constitutes 8.01 % of the world's reserves. An average of 8804.4 thousand barrels of crude oil
per day was produced in 2011. And with an average consumption of 3336.47 thousand barrels a day of oil in 2011, the continent
accounted for about 3.9% of total oil consumption in the world.
About 85% of the continent's oil production
occurs between 5 countries, namely; Angola, Libya, Nigeria, Egypt and Algeria.
The downstream oil sector of the
industry comprises 44 refineries in 25 countries with a total distillation capacity of 3,000 thousand barrels per day which
represents 4% of the world total.
As a result of these facts, the continent is often seen as the
final frontier of emerging markets and the conditions that allows for the private sector to be a part of this renaissance,
by capitalising on the huge opportunities that the continent offers, have never been better.
Hence, we believe that such conditions establishes a compelling reason
for us to play an active part in shaping the future of the continent through our involvement in the business.