The Nigerian government has approved new national oil administration policy, aiming to improving the country’s oil fortunes by boosting revenues from the commodity
Nigeria approves new oil policy
Exploration
Final investment decision made on Dussafu oilfields, Gabon
Panoro Energy has announced its final investment decision (FID) on the development of the Dussafu oil fields in Gabon
Eco Atlantic to focus on oil prospects in Namibia
Eco Atlantic Oil CEO Gil Holzman is upbeat about the prospects for oil exploration and production in Namibia, praising the country as one of the best places in Africa in which to do business
Cairn Energy discovers oil in Senegal drill test
Cairn Energy PLC announced that it discovered oil at the deep portion of FAN South-1 well basin in the South Fan prospect offshore Senegal, and said that further work will be undertaken to establish the potential commerciality of the deep water resources
US$700mn agreement for development of OMLs 83 and 85 in Nigeria
The Nigerian National Petroleum Corporation (NNPC), FIRST Exploration and Production (First E&P) and Schlumberger signed a tripartite agreement for the development of the Anyala and Madu fields under OMLs 83 and 85, in Nigeria’s offshore Bayelsa state
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