The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead activities
Exploration
Cooling off rig pressure
This year, Africas offshore is set to see multiple production and exploration activities following 2023, when about 36 drilling rigs have been contracted and others extended, raising further prospects
Safeguarding local interests
While oil majors flocking to Africa is a good sign in terms of increased revenue for the continent, securing the interests of the local community is of utmost importance under such circumstances
Tullow Oil expects five Jubilee wells to come onstream in 2024
Tullow Oil has issued a statement in advance of the Groups 2023 Full Year Results scheduled to be announced on 6 March
Afentra anticipates Azule acquisition by end of Q1 2024
Afentra, the upstream oil and gas company focused on acquiring mature production and development assets in Africa, has provided an operational and financial update for 2023