Africa Enjoys Oil Boom as Drilling Spreads Across Continent

Africa Enjoys Oil Boom as Drilling Spreads Across Continent
An off-shore oil rig is pictured off the coast of Port-Gentil as people carry goods from a boat to the shore in Gabon on Jan. 19, 2017. Photo credit should read JUSTIN TALLIS/AFP/Getty Images
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Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia.

The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc., companies are snapping up exploration rights and doing deals.