The Revolutionary Government of Zanzibar and the Ministry of Blue Economy and Fisheries have launched the country’s first Licensing Round, which invites bids for eight blocks that add up to 31,883 sq km
Exploration
Africa Oil to acquire Impact Oil & Gas shares
Africa Oil will be acquiring up to 8.0% of the issued shares in Impact OIl & Gas from minority shareholders
Savannah Energy signs share purchase agreements in Nigeria
British independent energy company Savannah Energy has signed separate share purchase agreements (SPA) with Sinopec International Petroleum Exploration and Production Corporation (SIPC) and Jagal Ventures to acquire 100% of the outstanding share capital of Sinopec International Petroleum Exploration and Production Company Nigeria Limited (SIPEC)
TAG Oil expecting robust production from Badr field onshore Egypt
Noting a smooth exploration and development process in the Badr Oil Field (BED-1), TAG Oil has announced that it has successfully completed the drilling phase for the BED4-T100 horizontal well in the Abu Roash 'F' limestone formation (ARF)
Agogo FPSO one of the high value contracts to maintain O&G resilience in 2023
Data and analytics company, GlobalData, has found a significant decline of 22% in disclosed oil and gas contract volume from 7,550 contracts in 2022 to 5,915 in 2023