
Africa Oil Corp. Increases Interest in Block 3B/4B, Offshore South Africa
Africa Oil Corp. has increased its interest in the block to 18%.
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Africa Oil Corp. has increased its interest in the block to 18%.
Africa Oil Corp. provided an update on its Nigerian operations, including progress on seismic surveys, a successful infill drilling campaign at Akpo and ongoing negotiations for continued drilling in 2025.
Africa Oil Corp. will farm down its participating interests in Blocks 2912 and 2913B to TotalEnergies for $99 million.
The EG-18 field is located in a hydrocarbon-rich area and is a strategic part of Africa Oil Corp’s offshore exploration program.
The license renewal strengthens the company’s production outlook in the offshore Agbami field.
Oil and gas exploration firm Africa Oil Corp. has acquired an option to purchase a 7% stake – increasing its ownership to 39.5% – in Impact Oil & Gas, an
Drilling results from Africa Oil Corp.’s appraisal campaign in Block 2913B supports the development of the offshore Venus oilfield.
Africa Oil Corp. has increased its share in Block 3B/4B in South Africa’s offshore Orange Basin, following the acquisition of a 6.25% interest from Azinam Limited
Africa Oil Corp seeks to diversify revenue generation streams and amplify decarbonization by investing in Kenya’s carbon offset market.
Africa Oil Corp has signed an agreement with Azinam Limited to acquire a 6.25% stake in Block 3B/4B offshore South Africa.