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.
Our Market
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.
A
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.
