In terms of producing blocks, London-listed Afentra was awarded a 20% stake in Block 3/05.
A 10% stake of Eni-operated Block 15/06 was secured by a consortium consisting of Namibian NOC Namcor, London-based Sequa Petroleum and Angola’s Petrolog.
Angola’s Somoil* and new player Sirius were awarded 8.5% shares in Block 18 and 10% shares in Block 31.
Awarded exploration blocks included Block 23, which saw a group including Namcor, Sequa and Petrolog take a 40% operating stake with Afentra taking another 40% share.
The group consisting of Namcor, Sequa and Petrolog also took 35% share of Block 27, with Somoil and Sirius taking a combined 25% interest
The auction was expected to finish in August 2022 but was delayed due to due diligence taking longer than expected.
The bid round began in June 2021 for blocks 3/05, 4/05, 5/06, 15/6, 18, 23, 27 and 31.
*(Somoil was renamed Etu Energias in 2023)
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.