SINOPEC HAS STRUCK oil in its first exploration well drilled in Nigerias Block 137, previously owned by Canadian oil giant, Addax Petroleum.

THE INSTITUTO NACIONAL de Petróleo ("INP") of Mozambique approved a six month extension, without further commitment, to Artumas current exploration period for the onshore Rovuma license.

OPHIR ENERGY HAS entered into an agreement with Wilton Petroleum Limited to acquire an 80 per cent interest and Operatorship of a Production Sharing Contract over an area designated as the Marovoay Block 2102 , onshore Madagascar.

Deepwater exploration off Madagascar is being stalled by the country’s uncertain political situation, according to Sterling Energy.