UK-based Petrofac and Taleveras Energy Resources have signed a five-year memorandum of understanding (MoU) with Nigerian Petroleum Development Company (NPDC) to provide financial, technical and capacity building support for the state-owned exploration company
Exploration
Namibia’s Owambo Basin prospect ‘holds 1.1 billion barrels of oil’
Duma Energy has estimated that a total of 1.1bn barrels of unrisked potential in-place oil resources is present in the Oponono Prospect in Owambo Basin onshore Namibia
Sterling Energy enters into farmout agreement offshore Madagascar
Sterling Energy has announced that its wholly owned subsidiary, Sterling Energy (UK), has signed a farmout agreement for the Production Sharing Contract (PSC) of the Ambilobe Block located offshore Madagascar
Mozambique to start commercial oil production in 2014
Sasol Petroleum International has announced that Mozambique’s first commercial production and sale of crude oil will commence in 2014 from an inland oilfield at Inhassoro
Eni set to drill 140 new wells in Africa
Eni plans to drill 140 new wells over the next four years as a part of its US$28bn programme to boost oil and gas production in Africa
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