“Why are finding costs in Africa so much more than the rest of the world? “
some of the most lucrative deep water developments are offshore Nigeria and Angola.
best quality crude produced in the world, Bonny Light.
No local infrastructure, so most of the high-tech equipment must come from elsewhere like Houston. Expensive to get personnel there too.
I also recall there are a lot of security costs built into production facilities.
As an example, Texaco located one of its offshore Nigeria platforms to be beyond artillery fire by the rebels.
This is why I love Free Republic.
There is always a Freeper that knows a lot about almost any subject imaginable. I thought thackney was good when it came to oil/energy issues.
You are better than Google.