Read the latest Archives of oil, gas and energy news.
Ian Cloke, Chief Operating Officer of upstream independent Afentra, will speak at the Invest in African Energy Forum in Paris this May, where a focus on Angola’s oil and gas industry will offer an in-depth exploration of best practices.
In an interview with ECP, Paul McDade, CEO of Afentra discussed revitalizing mature assets in Angola and the similar market dynamics in Congo.
Drawing on Afentra’s success in Angola, CEO Paul McDade will highlight strategies for optimizing mature oil assets – aligning with the Republic of Congo’s goal to revitalize production and drive sustainable growth.
A Afentra, a Trafigura e a Africa Finance Corporation discutiram, durante o segundo dia da conferência Angola Oil & Gas 2024, estratégias para garantir financiamento que permita a empresas independentes adquirir e desenvolver campos maduros em Angola.
Afentra, Trafigura and the Africa Finance Corporation discussed strategies for securing financing to enable independents to acquire and develop Angola’s mature fields during Day 2 of Angola Oil & Gas 2024.
Afentra will retain a 45% non-operated interest in the KON 19 block, expanding its presence in Angola’s Kwanza Basin.
The acquisition sees Afentra’s stakes increase in Angola’s offshore Blocks 3/05 and 3/05A.
The approval paves the way for Afentra to direct investments towards exploration activities and increasing production into the two blocks.
Afentra is leading redevelopment of Angola’s mature assets with a focus on efficiency, sustainability and innovation.
Having received approval, the agreement is scheduled for completion by the end of 2023.
