Tanzania will attempt to retain ownership of up to 75 per cent on each of its production sharing contract (PSC) across eight offshore blocks, on which bidding started last week as part of the countrys fourth licensing round
Exploration
Sonatrach makes 1.3 billion barrel oil discovery in Algeria
Sonatrach has discovered an oilfield with an estimated 1.3bn barrels of deposits in southern Algeria, according to sources at the countrys oil ministry
Brittania-U Nigeria Limited offers Chevron US$1.2 billion for three onshore oil blocks
Oilfield operator Brittania-U Nigeria Limited has reportedly offered Chevron US$1.2bn to buy its three onshore oil blocks in the West African country
Lukoil completes oilwell drilling offshore Sierra Leone
Lukoil has completed drilling the first oilwell in the SL-5-11 Block offshore Sierra Leone
CNPC set to resume oil exploration in Chad
China National Petroleum Corporation (CNPC) has said it would be resuming its operations in Chad after being suspended by the countrys oil ministry in August this year when drilling for oil in the south of country
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