Oilers call for African reform

WHILE ConocoPhillips and FAR spar over one of the world's largest modern oil discoveries in Senegal, other oilers operating in Africa have warned it is high time governments fixed their regulatory, fiscal and licensing systems to tap the continent's massive potential, a PwC survey has found.

Though the decline in oil prices has led to less activity across Africa and has hit countries dependent on oil revenue, companies operating in Africa are optimistic oil prices will lift to