M a r k e t N e w s

Pace of Oil & Gas Exploration in Sub-Saharan Africa Ignites the Market for Automation and Control Solutions

Posted on : Tuesday, 30th September 2014

 Capital spending on automation and control systems (ACS) within the sub-Saharan oil and gas industry is set to increase exponentially. The rising focus on process optimisation, discovery of new reserves, and expansion of the regional infrastructure is anticipated to generate fresh opportunities for equipment suppliers.

 
New analysis from Frost & Sullivan, Automation and Control Solutions in Sub-Saharan Africa's Oil and Gas Industry—An Analysis of 3 Leading Countries, finds that the market earned revenues of $151.8 million in 2013 and estimates this to reach $273.9 million in 2019. The study covers the product segments of distributed control systems (DCS), supervisory control and data acquisition (SCADA), safety instrumented solutions (SIS), programmable logic controllers (PLC), human-machine interface (HMI) software and terminals, and manufacturing execution systems (MES), across the countries of Nigeria, Uganda and Kenya.
 
The falling prices of gas and technological advancements in gas-generated power herald the ascendance of gas as a key source of energy in sub-Saharan Africa (SSA). The emergence of new industry techniques such as 'fracking' has further accelerated the supply of gas across the region, which translates to much higher spending on ACS.
 
At a global level, and within SSA, there has been greater urgency among end-user businesses to find new tools to decrease the rate of depletion and improve efficiency in oil and gas operations. This bodes well for the ACS market, as automation services are required to facilitate efficient production, effective transportation, and operational safety.
 
"Upstream oil and gas end users are looking for integrated software tools to improve yields at exploration sites and efficiencies in production and transmission," said Frost & Sullivan Industrial Automation & Process Control Research Analyst Tom Harris. "With the region seeking to bridge the gap between crude oil production and refining activities, there will be a large market for ACS, especially in the segments of DCS and MES."

Source : YOUR OIL AND GAS NEWS
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