Cape Town, November 9, 2017 – Africa Oil & Power, one of Africa’s leading platforms for energy investment and policy, has signed an agreement with Atlas and Oranto Petroleum to assist the companies in attracting farm-in partners to their extensive portfolio of exploration licenses. Africa Oil & Power will be responsible for promoting all the available acreage of both companies and seeking credible investors with the requisite technical and financial capacity to commercialize the assets.
Oranto Petroleum and Atlas Petroleum International are the sister companies of the Atlas Oranto Group, which is Africa’s largest indigenous company by acreage. The group owns and operates 22 oil and gas acreages in 11 African jurisdictions, including Benin, Côte D’Ivoire, Equatorial Guinea, Ghana, Liberia, Namibia, Nigeria, São Tomé and Principe, Senegal, Uganda and South Sudan.
Guillaume Doane, CEO of Africa Oil & Power, said: “Africa Oil & Power is truly proud to be working with Atlas and Oranto Petroleum to attract investors to their world-class acreage and advancing their exploration programs. As genuine pioneers in African oil and gas exploration, Atlas and Oranto have been instrumental in demonstrating the vast resource potential in the continent.”
Africa Oil & Power will be presenting information on the available acreage to active exploration and production companies with a proven record in Africa’s petroleum systems. Interested parties may send expressions of interest to atlas-oranto@
The agreement will see Ethiopia exporting 100 MW of electricity to South Sudan over the next three years with plans to increase capacity to 400 MW.