AIM-listed MX Oil will invest in an indirect, non-operated, five per cent revenue interest in the OML 113 licence offshore Nigeria
Exploration
‘Reserves doubled at Niger’s R1/R2 license’
Savannah Petroleum has announced that its resource estimate on Niger’s R1/R2 license area has doubled to 1,191mn barrels following an independent study
IRG and Scotforth to carry out hydrocarbon survey onshore Tunisia
Independent Resources (IRG) has signed an exclusive agreement with Scotforth to undertake a remote sensing hydrocarbon survey of Ksar Hadada Permit in Tunisia
Africa and Middle East see rise in rig counts
Africa and the Middle East are the only two regions that have witnessed rise in rig counts for exploration and production (E&P) last month, oil and gas services company Baker Hughes has announced
South Sudan conflict continues to threaten oil sector, says GlobalData
South Sudan’s oil industry has been affected by continued armed fighting, trade disputes and low oil prices, causing reduced investments in the region, according to GlobalData
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