North African explorer Sea Dragon Energy has acquired a 12.75 per cent stake in an oil block in the Gulf of Suez, offshore Egypt
Exploration
Longreach Oil & Gas announces Koba-1 well reaches total depth
Longreach Oil & Gas has announced that the Koba-1 exploration well in the Essaouira Basin onshore Morocco has reached total depth (TD) and has encountered a potential Lower Liassic sandstone reservoir with gas shows
Lukoil strikes oil offshore Côte d'Ivoire
Russian explorer Lukoil has struck oil at its first appraisal well on the Independence field, offshore Côte dIvoire, in the Turonian strata
Egypt auctions 22 oil and gas concessions
Egypts General Petroleum Corporation (EGPC) and the Natural Gas Holding Company (EGAS) have commenced the auctioning of 22 oil and gas concessions, spread across the north African nation
QPI acquires 15 per cent stake in Total E&P Congo
Qatar Petroleum International (QPI) has acquired a 15 per cent stake in Total E&P Congo, following a framework agreement signed in May 2013
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