Australian company Tellus Resources will acquire Caracal Energy’s 25 per cent interest in the oil exploration asset Bezaha Oil Project Concession (Block 3114) located in Madagascar for 85mn company shares
Exploration
UK looks to increase investment in East African oil and gas
The UK is looking to increase its investment in the East African oil and gas sector, according to Mark Simmonds, member of the UK parliament and minister for Africa at the UK Foreign & Commonwealth Office
Small players will ‘contribute to East Africa’s oil and gas growth’
Smaller oil and gas explorers, willing to take financial and operational risks, will lead the development of East Africa’s oil and gas industry, according to executives at the East Africa Oil & Gas Summit (EAOGS) held recently in London
Savannah Petroleum wins contract for two oil blocks in Niger
Niger has awarded a production-sharing contract to UK-based company Savannah Petroleum for two onshore oil blocks
Circle Oil spuds its first well offshore Tunisia
Circle Oil has announced that it has started drilling its first exploration well El Mediouni-1 (EMD-1) on the Mahdia Permit offshore Tunisia
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