Lekoil Oil and Gas, a wholly-owned subsidiary of Lekoil Nigeria, will acquire a 40 per cent participating and economic interest in the Otakikpo Marginal Field from Green Energy International Limited
Exploration
Tanzania receives five bids for four oil and gas blocks in its latest licensing round
Tanzania has received five bids for only four oil and gas blocks out of the eight it had offered in its fourth bidding round, industry sources announced
Gulf Marine Services eyes West Africa expansion next year
Oil services company Gulf Marine Services (GMS) has announced that it has plans to spend around US$400mn by 2016 and expand into West Africa next year to tap strong demand for its vessels
Kenya grants a 12-month extension on offshore block
The Kenyan government has granted a one-year extension to the current initial exploration period of the L10B offshore license in the East African country
First Sahara Energy to sell its entire stake to Maxim Resources in Moroccan block
Maxim Resources has entered into a heads of agreement (HOA) with First Sahara Energy (FSE) to acquire its 100 per cent interest on the Beni Znassen Block in Morocco
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