Duma Energy has announced that it is in talks to acquire production sharing contracts (PSC) for oil and gas exploration blocks in three African countries, which it did not identify
The US-based explorer has also received an oil concession development report from its exploration partner Hydrocarb Energy, which identified three main exploration plays in the continent.
Duma Energy said that it is focused on the Central and East African rift systems, and is also looking at additional evaluations of an offshore West African play.
“All basins under review have proven active hydrocarbon systems and appear to have tremendous potential,” the company said in a statement.
Duma Energy already has a 39 per cent working interest in Owambo Blocks 1714A, 1715, 1814A, and 1815A in northern Namibia. Hydrocarb Namibia is the operator of the onshore block which covers 5.3mn acres in the Owambo Basin.
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Duma Energy acquires 5.3 million acre concession in Namibia
