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
Eco Atlantic to focus on oil prospects in Namibia
Exploration
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
AFC to provide US$28mn subordinate loan facility to Tunisia’s Topic SA
Africa Finance Corporation (AFC) announced that it will provide US$28mn subordinated loan facility to independent Tunisian energy company Topic SAs to develop Halk El Menzel offshore oil concession block, also known as Helm Project, in northern Tunisia
France to invest US$1.14bn in Nigeria’s oil and gas sector
The Nigerian National Petroleum Corporation (NNPC) announced that the government of France, through the French Development Agency, has set aside US$1.14bn to be invested in the Nigerian oil and gas industry
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