The South African government has announced that it will hold a free 20 per cent stake in all new oil and gas ventures in the country, under new legislation
Exploration
Libya’s offshore Bouri field output close to 40,000 bpd
Libya is close to producing 40,000 bpd from its Bouri oilfield, offshore Mediterranean Sea
Spain’s Repsol to commence drilling offshore Namibia in 2014
The National Petroleum Corporation of Namibia (NAMCOR) has announced that Spanish oil and gas company Repsol is expected to commence drilling its first well in the Walvis Basin offshore Namibia in early 2014
Japan’s Chiyoda Corporation acquires 25 per cent stake in MPDC Gabon
Chiyoda Corporation has announced that it has bought a 25 per cent stake in MPDC Gabon Limited (MPDC) from Mistubishi Corporation
Tanzania to start fourth exploration licensing round
The Tanzania Petroleum Development Corporation (TDPC) has announced that the fourth licensing round for eight of the country’s offshore blocks will begin on 25 October 2013
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