African Petroleum Corporation will farmout 10 per cent of its interest in Block CI-509 offshore Côte d’Ivoire to Buried Hill Africa Limited in return for the latter funding 21.1 per cent of the cost for the next exploration well
Exploration
Africa surpasses Middle East with high paying jobs in oil and gas
Africa’s energy sector currently accounts for 13 per cent of the highest paying roles for international oil and gas experts — more than the Middle East — according to new research
Statoil sells Angolan block interest to Columbian explorer
Norwegian oil and gas company Statoil has sold its 10 per cent stake in Angola’s Block 39 to Colombia’s Ecopetrol
Spain’s Cepsa acquires 25 per cent stake in Kenyan oil block
Swala Energy has sold 25 per cent of its stake in Kenya’s Nyanza Block 12B, located in the port city of Kisumu, to Spanish explorer Cepsa
ERHC Energy to invest US$100 million in São Tomé and Príncipe’s oil block
ERHC Energy has announced that it will invest close to US$100mn for the exploration and development of Block 11 located offshore São Tomé and Príncipe
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