The oil and gas potential of the West Africa region is among the best in the world, according to some experts in the sector who advocate optimal exploitation and deployment of advanced technologies in the region
Exploration
MX Oil invests in Nigeria’s offshore asset
AIM-listed MX Oil will invest in an indirect, non-operated, five per cent revenue interest in the OML 113 licence offshore Nigeria
‘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