US-based ION Geophysical has completed seismic acquisition stage of its NamibiaSPAN programme that extends the full length offshore Namibia’s continental margin
Exploration
Shell sells stake in Nigeria’s OML 18 for US$737mn
Oil major Shell has sold its 30 per cent interest in Nigeria’s oil mining lease (OML) 18 to Eroton Exploration & Production Company for US$737mn
African Petroleum grants extension for Liberian licence
African Petroleum has agreed for an additional extension of a non-binding term sheet until 20 June 2015 with a UK-based exploration and production firm operating LB-08 Licence offshore Liberia
Bowleven farms out onshore Cameroon field completely
Bowleven, Africa-focussed oil and gas exploration group, has announced that it has completed the Etinde farm-out transaction onshore Cameroon at an initial US$165mn cash proceeds
Oando Energy Resources begins production offshore Nigerian field
Nigeria-focussed Oando Energy Resources (OER) has announced that it has begun commercial production from its Qua Iboe field at gross 2,150 boepd
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