Total has sold its 15 per cent participating interest in the offshore Angolan Block 15/06 to state-owned firm Sonangol E&P for US$750mn
Exploration
Frontier Resources gets extension for two blocks onshore Namibia
Frontier Resources has announced that it has been granted a two-year extension for two onshore blocks in Namibia’s Owambo Basin
Vanoil in talks with Kenya for licence renewal and acquisition of blocks
Canadian oil and gas company Vanoil is in discussion with the Kenyan government for license renewals and acquisition with regards to onshore and offshore blocks in the country
Tullow Oil employs residents for Turakana operations in Kenya
UK explorer Tullow Oil has employed 80 per cent of Turkana’s local residents for operations in the Kenyan region inorder to prevent job-related confrontations again
Uganda to spend around US$22 billion for oilfields’ development
Uganda has announced that it will spend US$15bn to US$22bn in the coming years for the development of oilfields and related infrastructure in the country
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