Indonesia’s Pertamina has acquired ConocoPhillips’ Block 405a onshore Algeria for US$1.75bn, making it its first major acquisition overseas
Exploration
Mozambique to start fifth oil and gas blocks auction in 2014
Mozambique is set to launch its fifth oil and gas bidding round in 2014, which will mostly consist of offshore blocks, a government official announced
Algeria’s undiscovered hydrocarbons ‘amount to six times its present stock’
Algeria has announced that its undiscovered unconventional hydrocarbons, both shale and tight, amount to six times the present level of reserves
Longreach Oil & Gas spuds Moroccan well
Canada-listed Longreach Oil & Gas has announced that it has spud a well at its Sidi Moktar Licence Area in Morocco’s Essaouira Basin
Somaliland to award oil exploration license to Middle East firm
The Ministry of Energy in Somaliland has planned to award an oil exploration license to a Middle East-based energy company later this month
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