Zenith Energy Acquires AAOG subsidiary and Tilapia Field Stake

Canadian oil and gas company Zenith Energy has completed its acquisition of Anglo African Oil & Gas. Through the purchase, Zenith Energy has acquired 100% of Anglo African Oil & Gas Congo, which holds a 56% majority stake of the Tilapia oilfield, while Congo’s state-owned oil company Société Nationales des Pétroles Congolais holds the remaining share.

The oilfield is located nearly 1.8Km offshore Congo and has been in production since 2007.

“I am delighted to have now fully completed the acquisition of Tilapia, especially under the recently renegotiated highly favorable terms. We have obtained exceptional value for Zenith shareholders, and I am excited about our potentially transformational development opportunities in the Republic of the Congo at Tilapia,” says Andrea Cattaneo, CEO of Zenith Energy.

The company’s technical team is making the required operational preparations to launch planned drilling activities in well TLP-103C at the Tilapia oilfield.

Share This Article

Share on twitter
Share on facebook
Share on linkedin
Share on reddit
Share on whatsapp
Share on email
Shuaib Van Der Schyff

Shuaib Van Der Schyff

A Digital Marketing Coordinator, and a Graduate from the University of Cape Town with a Bachelor of Arts Degree in Media Studies and English Literature.

Subscribe to our newsletter

Sign up for latest news and event info

Copyright © 2021 Energy Capital & Power. Privacy Policy · Terms of Use