Africa's Oil, Gas and Energy News.
Highlights · Acquisition of a material offshore petroleum exploration asset base in Namibia and South Africa · Consideration in the form of new common shares to Azinam Holdings Limited who will own 16.65% of the … Read More
Wildcat Petroleum announces that it has appointed Striped Horse Resources Ltd (SHR) as consultants. The SHR team has many years of practical experience of working within the Angolan oil sector. … Read More
Shell has spud the Graff-1 well in Block 2913 Petroleum Exploration License (PEL) 39 State-owned Namcor reported, The well is being drilled at a depth of around 2000 meters using … Read More
French major TotalEnergies has commenced drilling its ultra-deep Venus-1 well in the Orange Basin offshore Namibia On-trend, Pancontinental has mapped the very large Saturn turbidite complex in PEL 87. Saturn is geologically similar to Total’s Venus Prospect Venus and Saturn overlie the same high-quality mature Oil Source Rock, and both lie immediately … Read More
Block 2913B JV partner Impact Oil & Gas Limited has announced the spud of the Venus-1X offshore exploration well in Namibia Block 2913B (PEL 56). The well is being drilled … Read More
Prime has distributed a US$100 million dividend with a net payment to Africa Oil of US$50 million related to its 50% shareholding. Since acquiring its 50% shareholding in Prime for a cash consideration of $520 … Read More
Reconnaissance Energy Africa has provided initial results from the first seismic acquisition program ever conducted in the Kavango Basin, in northeast Namibia. As reported on October 21, 2021, 450 linear … Read More
Eco Atlantic has completed drafting the four new Joint Operating Agreements (‘JOA’s’) for its new Petroleum Licenses offshore Namibia. We have received all paying partner approvals on the JOA’s and … Read More
BW Energy is progressing a revised development plan for the Kudu gas field offshore Namibia. The new development plan for the gas to power project will use a repurposed semisubmersible … Read More
Reconnaissance Energy Africa and its joint venture partner NAMCOR have announced the completion of the first seismic acquisition program ever conducted in the Kavango Basin, in northeast Namibia. The seismic … Read More
