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China to finance Sonangol projects in Angola

oil-angolaAngola relies on oil and gas exports for 60 per cent of gross domestic product. (Image source: Nestor Galina/Flickr)Angola’s state-owned explorer Sonangol will receive US$2bn from China to expand oil and gas projects in the southern African country

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Azonto Petroleum secures EEA offshore Côte d’Ivoire field

offshore azontoThe EEA award was signed by the President of Côte d’Ivoire. (Image source: Daktripper/Flickr)Azonto Petroleum has been granted an exclusive exploitation authorisation (EEA) covering Gazelle field in Block CI-202 offshore Côte d’Ivoire

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African Petroleum enters first renewal period offshore Senegal licence

offshore-senegal 2The first renewal period is expected to begin with effect from 15 December 2014. (Image source: QR9iudjz0/Flickr)African Petroleum’s subsidiary African Petroleum Senegal Limited has received approval for the first renewal period on Senegal Offshore Sud Profond (SOSP) licence

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Lekoil and partner secure approval to re-enter well offshore Nigeria

well nigerThe gross unrisked 2C contingent resources for Otakikpo Marginal Field has been estimated to be 56.75mn barrels. (Image source: QR9iudjz0/sxc.hu)Africa-focused oil and gas exploration and production company Lekoil and partner Green Energy have secured approvals for well re-entry on the Otakikpo Marginal Field in OML 11, offshore Nigeria and adjacent to the eastern part of the Niger Delta

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Sudan to drill new wells to boost oil and gas reserves

well-sudanThe wells are expected to attract foreign investment in the East African country. (Image source: Sporst/Flickr)Sudan has planned to drill 253 wells next year to boost its energy reserves by 65.4mn barrels of oil and 8.5bn cu/m of gas, the country’s oil minister stated

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