In The Spotlight
Block 3/24 is located adjacent to Afentra's existing interests in Blocks 3/05 and 3/05A.
Africa-focussed oil and gas company, Afentra plc, has received the Presidential Decree approval for its Risk Service Contract (RSC) for offshore Block 3/24
This follows the signing of Heads of Terms with Angola's National Agency of Petroleum, Gas and Biofuels (ANPG).
Block 3/24 is located adjacent to Afentra's existing interests in Blocks 3/05 and 3/05A, containing five established discoveries in shallow water, offering short-cycle, low-cost development as well as near-field exploration potential.
Under the terms of the RSC, Afentra will be Operator with a 40% interest in the block, alongside Maurel & Prom Angola S.A.S. (40%) and Sonangol E&P (20%).
Block 3/24 spans across 545 sq km, lying adjacent to Afentra's existing producing oil fields and undeveloped discoveries in Blocks 3/05 and 3/05A. The block adds a further five discoveries - Palanca North East, Quissama, Goulongo, Cefo and Kuma - all located in the same Pinda reservoir as the existing oil fields in Block 3/05 and 3/05A. In addition, the block contains the previously developed Canuku field cluster, which has produced up to 12,000 bopd. The block is estimated to include over 130 mmbbls of STOIIP and 400 bcf GIIP of already discovered resources.
These discoveries and previous development assets offer a significant opportunity to apply modern technology to deliver short-cycle, low-cost developments tied back to the existing infrastructure in Block 3/05. A number of exploration prospects have also been identified based on existing 3D seismic data.
CEO Paul McDade said, "We are pleased to confirm the formal approval of the Block 3/24 license. This milestone marks Afentra's first offshore operatorship and represents a significant step in our strategy to build a material production business in Angola. Our attention will now turn to technical analysis of the historic wells on the license as we commence a phased programme to re-access wells and fast-track first oil. We look forward to working with our joint venture partners to unlock the full potential of this highly prospective block."
The acquisition is scheduled to commence in the fourth quarter of this year.
Energy data and intelligence provider, TGS, has been awarded a streamer acquisition contract in Africa
The acquisition is scheduled to commence in the fourth quarter of this year and the contract has a duration of approximately 50 days.
Kristian Johansen, CEO of TGS, said, "We are very pleased to secure this work programme and look forward to supporting our client's exploration efforts in the region with our proven technology and expertise. By leveraging the Ramform acquisition platform, coupled with our proprietary GeoStreamer technology we are well equipped to deliver the highest data quality to our client."
TGS has previously worked in regions such as Benin, Tanzania and Liberia. For its Benin MegaSurvey it expanded its 3D seismic coverage, while in Tanzania it has acquired license for more than 132,000 sq kms of seismic data, both 2D and 3D.
In Liberia, the company is working to rejuvenate the existing legacy 2D and 3D datasets in the Liberia and Harper Basins, aspiring to reach high subsurface clarity.
This to believed to be the first internationally structured aviation financing for a Nigerian Air Operator. (Image source: VivaJets)
London-based TLG Capital (TLG) has closed a US$10mn facility for VivaJets, a subsidiary of Nigerian aviation services platform Falcon Aerospace limited
The financing was structured alongside Wema Bank, and will retire a legacy local‑currency facility used for aircraft acquisition and fleet growth. Both TLG and VivaJets believe this to be the first internationally structured aviation financing for a Nigerian Air Operator, and funding will be applied to boost intra-African connectivity.
This injection of funds is coming at a time of rapid expansion for the business aviation firm with a growing fleet and international collaborations whilst positioning itself as a critical mobility and logistics partner to the oil and gas industry in Africa.
Speaking to journalists on the sidelines of the African Energy Week in Cape Town, South Africa, CEO of Falcon Aero, Erika Achum disclosed that the fresh funding will be used to expand VivaJets’ fleet and strengthen its operational presence across Africa.
“We’re growing from three to four aircraft now, and by the third quarter of 2026, we expect to have significantly increased our fleet. This will allow us to serve more routes and clients across the continent,” Achum said.
According to the aviation tycoon, the company is reshaping how air logistics supports oil and gas operations, ensuring essential movement of people, equipment and products in a sector where time delays often translate into enormous financial losses.
Isha Doshi, partner, TLG Capital, said, “Africa’s growth story depends on connectivity. Falcon Aero is linking cities that global capital often overlooks, including tier-2 and tier-3 hubs where trade and opportunity are rising fastest. Aviation operators need long-duration capital at sensible rates. With our partners at Wema Bank and Falcon Aero, we are pleased to deliver a long-term financing solution that helps support highly skilled engineers, pilots, and workers in Nigeria's aviation sector."
Tejumade Salami, chief operating officer of Falcon Aero, said, "We spoke to many lenders; TLG solved it. Their structured-solutions mindset turned a complex funding puzzle into a single, bankable facility. In our industry, the ability to access long-tenor, USD-denominated capital is critical. With this facility, we have retired legacy obligations and can now focus fully on curating a seamless experience for our clients across the region. Our facility with TLG substantially reduces the amount of our revenue and cash flow that is spent on interest and debt service."
Partners target 350 mn standard cu/ft of gas per day at peak production.
The HI gas development offshore Nigeria will push ahead as Shell-subsidiary, Shell Nigeria Exploration and Production Company Limited, and Sunlink Energies and Resources Limited, have taken a final investment decision (FID) on the project
The partners target 350 mn standard cu/ft (approximately 60 thousand barrels of oil equivalent) of gas per day at peak production, which will be supplied to Nigeria LNG (NLNG; Shell interest 25.6%) -- a primary producer and exporter of liquefied natural gas (LNG) to global markets. Production is expected to begin before the end of this decade.
“Following recent investment decisions related to the Bonga deep-water development, today’s announcement demonstrates our continued commitment to Nigeria’s energy sector, with a focus on Deepwater and Integrated Gas,” said Peter Costello, Shell’s Upstream President. “This Upstream project will help Shell grow our leading Integrated Gas portfolio, while supporting Nigeria’s plans to become a more significant player in the global LNG market.”
The increase in feedstock to NLNG, via the Train 7 project that aims to expand the Bonny Island terminal’s production capacity, is in line with Shell’s plans to grow its global LNG volumes by an average of 4-5% per year until 2030. It will also bolster NLNG’s contribution to Nigeria's national economic development goals, including jobs in construction and operations.
The HI field was discovered in 1985 and lies in 100m of water depth around 50km from the shore. The current estimated recoverable resource volumes of the HI project are approximately 285 mmboe (million barrels of oil equivalent).
Drilling remains on the original expected schedule.
Reconnaissance Energy Africa Ltd continues to deliver drilling operations ahead of schedule in the shallower section of the Kavango West 1X exploration well
This, however, caused a deferral of operations for several weeks at the current casing depth as the company waited on casing strings for the final section of the well to be delivered to location. Operations have resumed and drilling remains on the original expected schedule. Recon anticipates being at total depth (TD) in the second half of November. The Kavango West 1X well is expected to penetrate approximately 1,500 metres of potential reservoir before reaching TD at approximately 3,800 metres. Once at TD, an extensive logging programme will commence with results anticipated around year-end.
Brian Reinsborough, president and CEO, said, “Drilling of the Kavango West 1X well is proceeding on schedule and I wish to thank our entire operations team for doing a great job on executing our drilling plan. The final casing string has been set at a depth of approximately 2,300 metres, just above the targeted Otavi reservoir. Currently, the well is drilling ahead into the Otavi carbonate reservoir, which is the primary target in the Damara Fold Belt. We anticipate drilling an extensive section of the potential reservoir, which will be followed by a full evaluation of the Otavi section. The Kavango West 1X well is testing a very large structural closure in the Otavi section measuring almost 20 kilometres long by 3 kilometres wide.”
Communications from the company regarding the Kavango West 1X drilling details from this point until reaching TD will be under “tight hole” status, meaning that Recon will not provide indications of well results prior to final logging of the Otavi reservoir section. Strict adherence to tight hole status prior to the company obtaining logging results should not be interpreted as being either negative or positive. Any drilling updates provided between now and the completion of logging of the Otavi reservoir zone will only include an updated drilling depth.
The company is gathering information and working with applicable regulators.
A pre-requisite to the grant of production right in Block 11B/12B offshore South Africa, Africa Energy Corp has obtained approval of its request for a deadline extension for the submission of a new Environmental and Social Impact Assessment (ESIA) to 4 May 2026
Operator of 11B/12B, Africa Energy Corp holds interest on the block through its investment in Main Street 1549 Pty Ltd.
The extension to the ESIA has been granted in light of the recent decision by the Western Cape High Court in South Africa to set aside an environmental authorisation for offshore exploration operations in Block 5/6/7 (held by an unrelated party) so that additional, new and amended environmental assessments can be conducted and placed before the Minister of Mineral and Petroleum Resources for reconsideration.
An application for leave to appeal this decision to the Supreme Court of Appeal has been launched by the unrelated party. The company is therefore engaging with its advisors, including legal counsel, to determine the amendments and additions which may be required to its ESIA as a result of the High Court decision. Due to the High Court decision, which is pending appeal to the Supreme Court of Appeal, there is no certainty on the timing of the grant of the environmental authorisation after the submission of the amended ESIA. To navigate the challenges, the company is continuing to gather information and work with applicable regulators.
Main Street currently holds a 10% participating interest in Block 11B/12B, offshore South Africa. Subject to all relevant regulatory approvals by South African authorities in respect to the withdrawal of the joint venture partners in Block 11B/12B and completion of the restructuring of Main Street, the company expects to hold a 75% direct interest in Block 11B/12B. Both the assignment of the withdrawing parties' interest in Block 11B/12B to Main Street and the completion of the Main Street restructuring require grant of the production right in relation to Block 11B/12B.
Heirs Energies CEO, Osa Ighiehon. (Image source: Heirs Energies)
Driven by its African identity, Nigerian independent Heirs Energies operates with an in-house development approach, partnering largely with indigenous contractors
Following its inspiring success story with OML 17, the company is ready to take on further challenging projects, now eyeing the Republic of Congo.
Heirs Energies CEO, Osa Ighiehon, reveals to Oil Review Africa what it takes to thrive as an African independent in today's energy industry and much more:
What according to you does Nigeria’s oil and gas industry need right now to attain its full potential?
Nigeria is at a critical moment. We possess the resources and the human capital to be a global energy leader, yet we are constrained by a few critical but addressable challenges. To unlock our full potential, we must act decisively on three fronts.
First, we must establish unwavering policy certainty. The lifeblood of our industry is investment, and capital flows to jurisdictions that offer predictability and stability. We need a clear, consistent, and transparent regulatory framework, one where fiscal term are stable and approvals are streamlined. Without this foundational trust, we risk ceding competitive advantage and watching investment capital migrate to more predictable markets. There has been a lot of progress on this front in the past few years with the Petroleum Industry Act (PIA) and Presidential Directives.
Secondly, we must secure our infrastructure and consolidate the gains we've made. The scourge of oil theft has been a direct drain on our national treasury. However, the solution that has been deployed needs to be sustained and the threat/vulnerabilities permanently mitigated. As demonstrated with OML 17, where we moved from a 3% terminal delivery to over 99%, it is possible to secure assets through a collaborative model that integrates community engagement, corporate strategy, and crucially, the strengthened security framework provided by the government. This proven model must now be scaled nationally to protect our vital revenue streams and restore investor confidence.
Lastly, and most critically, we must execute a strategic pivot to gas. While oil built our economy, gas is the undeniable key to our future. Sitting on the largest proven gas reserves in Africa, it is an economic paradox that we remain dependent on imported fuels. Gas is the catalyst that will power our industries, generate stable electricity, and drive sustainable economic diversification. At Heirs Energies, we have moved from rhetoric to action, increasing our gas production from 70 mn standard cu/ft to 125 mn standard cu/ft. This is not merely a business decision; it is a national imperative. By prioritising gas, we can finally unlock a new era of industrialisation and long-term prosperity for Nigeria.
While digitalisation is largely being considered the key to production optimisation, do you believe it’s the sole requisite to success?
Digital tools are important, but they are not a magic fix. Technology helps us work smarter, but it can't replace the need for strong leadership and skilled people.
We use technology at Heirs Energies for monitoring and efficiency. But our biggest breakthroughs have come from our teams. For example, our engineers developed a low-cost way to bring old gas wells back to life. That idea didn't come from a software programme; it came from deep understanding, out-of-the-box thinking and a solution mindset.
While digitalisation gives us better data, our success finally depends on our people - their expertise, ingenuity and commitment to safety. Its this human element that truly makes the most difference.
What is Heirs Energies’ future strategy with OML 17 and other oil and gas assets?
Our strategy is to build on the proof point that OML 17 represents. When we acquired it, many doubted whether a Nigerian independent could revive such a complex, underperforming asset. Today, we have doubled production, restored security, and brought new energy to the domestic gas market. That success gives us the confidence to look ahead with intent.
At OML 17, we are determined to keep pushing performance higher - optimising oil output, scaling gas production further, and embedding the community partnerships that have become a hallmark of our approach. But the bigger picture goes beyond one asset, we see opportunities across Nigeria and Africa to apply our Brownfield Excellence model - identifying underperforming fields, deploying innovation and discipline, and turning them into engines of growth.
What matters to us is creating long-term value for our investors, for the communities where we operate, and for the economies that depend on reliable energy. That means expanding carefully, investing responsibly, and ensuring that every molecule we produce helps to power Africa’s development. OML 17 was the beginning - but our ambition is to shape the model of how African companies can deliver world-class results and shared prosperity, consistently and at scale.
This is the second of a two-part interview
Drilling remains on the original expected schedule.
Reconnaissance Energy Africa Ltd continues to deliver drilling operations ahead of schedule in the shallower section of the Kavango West 1X exploration well
This, however, caused a deferral of operations for several weeks at the current casing depth as the company waited on casing strings for the final section of the well to be delivered to location. Operations have resumed and drilling remains on the original expected schedule. Recon anticipates being at total depth (TD) in the second half of November. The Kavango West 1X well is expected to penetrate approximately 1,500 metres of potential reservoir before reaching TD at approximately 3,800 metres. Once at TD, an extensive logging programme will commence with results anticipated around year-end.
Brian Reinsborough, president and CEO, said, “Drilling of the Kavango West 1X well is proceeding on schedule and I wish to thank our entire operations team for doing a great job on executing our drilling plan. The final casing string has been set at a depth of approximately 2,300 metres, just above the targeted Otavi reservoir. Currently, the well is drilling ahead into the Otavi carbonate reservoir, which is the primary target in the Damara Fold Belt. We anticipate drilling an extensive section of the potential reservoir, which will be followed by a full evaluation of the Otavi section. The Kavango West 1X well is testing a very large structural closure in the Otavi section measuring almost 20 kilometres long by 3 kilometres wide.”
Communications from the company regarding the Kavango West 1X drilling details from this point until reaching TD will be under “tight hole” status, meaning that Recon will not provide indications of well results prior to final logging of the Otavi reservoir section. Strict adherence to tight hole status prior to the company obtaining logging results should not be interpreted as being either negative or positive. Any drilling updates provided between now and the completion of logging of the Otavi reservoir zone will only include an updated drilling depth.
Block 3/24 is located adjacent to Afentra's existing interests in Blocks 3/05 and 3/05A.
This to believed to be the first internationally structured aviation financing for a Nigerian Air Operator. (Image source: VivaJets)
Stryde’s technology offers true scalability for large-scale seismic acquisition. (Image source: Stryde)
Exploration services company, Argas, has purchased 30,000 Range+ STRYDE nodes and Stryde’s Nimble Seismic System, marking the first-ever deployment of nodal technology for onshore seismic acquisition in Egypt
The first deployment of the newly acquired Stryde system will be on a very large 2D seismic survey in Egypt. The technology will be used to acquire high-quality seismic data across highly prospective sedimentary basins, supporting oil and gas exploration efforts in one of Egypt’s most promising frontier regions.
Impressed by its cost-efficiency and operational agility, Argas made the strategic decision to integrate Stryde’s technology into its operations.
Stryde’s technology offers true scalability for large-scale seismic acquisition. Its ultra-lightweight Range+ nodes, coupled with a state-of-the-art, high-capacity charging, harvesting, and QC ecosystem, enable thousands of nodes to be rotated daily.
This ensures faster acquisition cycles and rapid delivery of high-quality seismic data, giving Argas a competitive edge in Egypt’s rapidly evolving energy sector.
“After working with Stryde’s system on previous projects, it became clear that this technology brings a significant advantage to both us and our clients,” said Soufiane Azzi, Director of Commercials and Collaborations of Argas.
“The system has proven to drastically reduce deployment time, reduce headcount and vehicles count, simplifies logistics, improve recording time window, and delivers excellent seismic data. We are proud to be the first to bring node technology to Egypt.”
“This is a major milestone, not only for STRYDE and ARGAS, but for Egypt’s energy sector as a whole,” said Mehdi Tascher, sales director at Stryde.
“ARGAS’s purchase is spot on, and reflects the growing demand for scalable and efficient seismic acquisition systems that enable high-density data capture for superior subsurface imaging, empowering more confident and informed exploration decisions. This sale underscores the global trust in STRYDE’s technology and its proven ability to transform seismic operations through operational excellence and data quality.”
The acquisition is scheduled to commence in the fourth quarter of this year.
High-quality seismic data is important to unlock Libya's vast resource potential. (Image source: Stryde)
Sercel's offerings come with value-added support. (Image source: Sercel)
A North African geophysical contractor has targeted large-scale 3D surveys in complex terrain with 75,000 of Sercel's DSU1-508 digital sensors
This was topped by 24 more Nomad 90 Neo broadband vibrators for an additional land seismic crew.
The contractor enjoyed an optimised survey performance with Sercel's set of value-added support services for Nomad with the Nomad Connect Asset Optimisation service, providing real-time insights into fleet performance and a complete overview of vibrator configurations. The Vibrator Auto-Guidance functionality enhanced operational accuracy and productivity in the field.
Jerome Denigot, CEO of Sercel, said, “We are pleased to continue building on our long-standing collaboration with this major North African customer. From project planning to delivery and field support, our team remains committed to providing the most advanced geophysical technology and services available. This latest milestone confirms Sercel’s position as the preferred technology partner for complex, large-scale seismic acquisition projects and highlights the growing demand for field-proven solutions that meet the evolving challenges of onshore exploration in North Africa and beyond.”
The technology provides a lightweight offline intervention solution.
The new system support remote operations. (Image source: FET)
The agreement was signed in Maputo by the Eni-led joint venture. (Image source: Eni)
As Eni's Coral South project effectively continues to be in production, the major has now reached the final investment decision (FID) for the development of the Coral North FLNG project in Mozambique, with an aim for project delivery by 2028
The agreement was signed in Maputo by the Eni-led joint venture behind the project, in the presence of the President of Mozambique, Daniel Francisco Chapo, and Eni CEO, Claudio Descalzi.
While Eni is leading the venture with a 50% share, other partners include CNPC (20%), Kogas (10%), ENH (10%) and ADNOC-subsidiary XRG (10%). Eni will be investing on the development of a state-of-the-art floating LNG facility in the Rovuma Basin, where it will be generating gas volumes from the northern part of Area’s 4 Coral gas reservoir.
Eni CEO Claudio Descalzi commented: “Coral North project leverages Eni’s unmatched exploration skills, our trademark fast-track and capital disciplined development capabilities, Mozambique’s vast gas resources and its strategic geographic position. With Coral North we will contribute to supply the worldwide growing demand for LNG, doubling both Mozambique's contribution to global energy security, and the benefits for the country and its citizens in terms of economic and industrial growth”.
Coral North will be Eni’s second development in Mozambique and the second large-scale FLNG delivered in ultra-deep waters worldwide after Coral South.
With a production liquefaction capacity of 3.6MTPA, the newly built Coral North FLNG - coupled with its predecessor Coral South - will bring Mozambique’s overall LNG production to exceeding 7MTPA, making the country the third-largest LNG producer in Africa and further reinforcing its role in the global energy scenario.
Partners target 350 mn standard cu/ft of gas per day at peak production.
Heirs Energies CEO, Osa Ighiehon. (Image source: Heirs Energies)
The new 750-meter quay will double the terminal’s capacity. (Image source: Adobe Stock)
As part of production optimisation strategy, the Republic of Congo is advancing investments on infrastructure development
With aims to expand the container terminal at the Port of Pointe Noire, a €230mn in financing has been generated to onboard freight forwarding service Africa Global Logistics (AGL) for the project.
The new 750-meter quay – scheduled for completion by 2027 – will double the terminal’s capacity to 2.3 million containers annually and support the country’s growing oil and LNG exports.
The Pointe Noire project is being executed by AGL’s subsidiary Congo Terminal in collaboration with engineering firm China Road and Bridge Corporation. Backed by both international and Congolese banks, the €400mn platform will include 26 hectares of quayside, a dredged 17-meter-deep basin, and the installation of 16 gantries. It forms a key part of Congo’s strategy to boost hydrocarbon production to 500,000 barrels of oil per day and LNG output to 3 million tons per annum within five years.
In Angola, AGL also launched operations at its Lobito Terminal in March last year. The terminal – Angola’s second-largest port hub – handles over one million tons of bulk cargo and more than 100,000 20-ft equivalent unit containers annually, with 730 employees operating deepwater berths and modern equipment. The project comes at a pivotal time for Angola, which is preparing to bring several major energy developments online between 2025 and 2028. These include the Cabinda Oil Refinery in 2025, the Agogo Integrated West Hub development in late-2025, the Quiluma and Maboqueiro gas fields in 2026 and the Kaminho Deepwater Development in 2028.
Meanwhile, in Ivory Coast, AGL is playing a vital role in Phase 2 of the Baleine offshore development - West Africa’s first net-zero emissions project. In partnership with engineering firm Saipem, AGL began manufacturing critical subsea structures for the Baleine field in April 2024 at its Carena shipyard in Abidjan. The works include anchoring systems and underwater fixtures totaling over 200 tons, to be deployed in ultra-deep waters. AGL has mobilized 100 skilled local workers – including certified welders, painters and crane operators – reinforcing its commitment to local content, capacity building and sustainable energy infrastructure in Ivory Coast’s rapidly growing oil and gas sector.
AGL’s recent activities in Africa align with its broader vision to support the continent’s energy infrastructure. In addition to the Republic of Congo, Angola and Ivory Coast, the company is currently modernising the Walvis Bay terminal in Namibia while playing a key role in major energy logistics across Mauritania, Senegal and Mozambique.
Major refinery projects are underway in Africa. (Image source: Adobe Stock)
The refinery will have a capacity of 240,000bopd.
AOW:Energy 2025 will serve as a platform to spotlight Ghana’s strategic assets. (Image source: Adobe Stock)
Ghana is set to host the 31st edition of AOW:Energy, the flagship event for Africa’s oil, gas, and energy sector, from 15th to 18th September 2025 in Accra, under the auspices of the Ministry of Energy and Green Transition and the Petroleum Commission
It is the first time in over three decades that the event will be held outside Cape Town, South Africa. As regulator of Ghana’s upstream petroleum industry, with a strategic vision of positioning Ghana as a competitive upstream petroleum hub, the Commission views the AOW: Investing in African Energy as a notable opportunity to further raise awareness of the country’s hydrocarbon potential on the global stage.
“We have an opportunity to present a dedicated national showcase, where His Excellency President H.E John Dramani Mahama will outline his vision for positioning the country as one of the most attractive upstream destinations with good geological prospects, through a progressive fiscal regime, regulations, investor-friendly incentives, and forward-thinking energy policies,” noted Emeafa Hardcastle, Ag. CEO of the Petroleum Commission. “AOW:Energy 2025 will serve as a platform to spotlight Ghana’s strategic assets, engage with global investors, build critical partnerships and offer regulators across the continent an opportunity to present emerging regulatory reforms that will shape the continent’s energy future.”
Paul Sinclair, CEO of AOW:Energy, expressed enthusiasm for the momentum building around the event, noting a record level of government and private sector participation. “We are excited about the strong support from the Ghana government in welcoming ministers, national oil companies, regulators and global investors to AOW:Energy 2025. Africa is quickly becoming a top destination for energy investment, and 2025 will be a year for the continent’s upstream sector. Ghana, I believe is ready to take the spotlight when AOW:Energy comes to Accra,” he said.
As AOW:Energy evolves, it continues to consolidate its founding mission of bringing together a powerful network of governments, national oil companies, regulators, energy agencies, and private sector players.
The 2025 edition is expected to open new doors to investment, innovation, and collaboration, providing direct access to emerging opportunities across Africa’s energy landscape.
The partnership aims to tackle mounting concerns in global energy markets.
The theme for ADIPEC 2025, "Energy. Intelligence. Impact." (Image source: dmg events)
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Latest News
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Block 3/24 is located adjacent to Afentra's existing interests in Blocks 3/05 and 3/05A.
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The acquisition is scheduled to commence in the fourth quarter of this year.
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This to believed to be the first internationally structured aviation financing for a Nigerian Air Operator. (Image source: VivaJets)
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Partners target 350 mn standard cu/ft of gas per day at peak production.
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Drilling remains on the original expected schedule.
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The company is gathering information and working with applicable regulators.
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Heirs Energies CEO, Osa Ighiehon. (Image source: Heirs Energies)
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Africapitalism is the core economic philosophy for Heirs Energies. (Image source: Heirs Energies)
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The MoU will develop local content in Namibia.
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Europa indirectly holds an 80% working interest in the EG-08 PSC.
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High-quality seismic data is important to unlock Libya's vast resource potential. (Image source: Stryde)
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The North Cleopatra block is located offshore Egypt. (Image source: QatarEnergy)
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The gas resources confirm commercial value of 26m of net pay.
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The agreement was signed in Maputo by the Eni-led joint venture. (Image source: Eni)
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The sale of its Kenya subsidiary marks Tullow’s exit from the country after 14 years.
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The technology provides a lightweight offline intervention solution.
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The new system support remote operations. (Image source: FET)
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The agreement comes with a signature bonus of US$12mn. (Image source: NOCAL)
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The divestment is in line with Eni's strategy of upstream portfolio optimisation.
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Pharos will retain a 45% working interest in the Consolidated Concession.
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