A new report has placed the value derivable from reserves in conventional undeveloped oil and gas fields in Africa at an estimated US$125bn
Exploration
SacOil to receive capital injection of US$80.2 million
Oil and gas company SacOil has announced that it will receive a capital injection from Gairloch Limited amounting to more than US$80.2mn via a rights offer
FAR and Ophir Energy sign agreement for offshore Kenyan block
Australia-listed FAR has announced that it has entered into a joint venture agreement with Ophir Energy to carry out exploration activities on a block offshore Kenya
Libya resumes pumping in western oilfield
Libya has announced that it has resumed pumping on its key oilfield in the west, El Sharara, after a pipeline linking the field to export terminals was re-opened
Rialto Energy signs MoU for amended contract offshore Cote d’Ivoire
Rialto Energy has signed a Memorandum of Understanding (MoU) to replace the existing production sharing contract (PSC) for an offshore Cote d’ Ivoire block with an amended one
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