Shell sells stake in Nigeria’s OML 18 for US$737mn
Oil major Shell has sold its 30 per cent interest in Nigeria’s oil mining lease (OML) 18 to Eroton Exploration & Production Company for US$737mn
E&P
African Petroleum grants extension for Liberian licence
African Petroleum has agreed for an additional extension of a non-binding term sheet until 20 June 2015 with a UK-based exploration and production firm operating LB-08 Licence offshore Liberia
Bowleven farms out onshore Cameroon field completely
Bowleven, Africa-focussed oil and gas exploration group, has announced that it has completed the Etinde farm-out transaction onshore Cameroon at an initial US$165mn cash proceeds
Oando Energy Resources begins production offshore Nigerian field
Nigeria-focussed Oando Energy Resources (OER) has announced that it has begun commercial production from its Qua Iboe field at gross 2,150 boepd
Vaalco Energy spuds offshore Kindele-1 well in Angola’s Block 5
US-based oil production company Vaalco Energy has commenced drilling at Kindele-1 well in Block 5 offshore Angola
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