The Nigerian exploration and production company will acquire a 20-percent share in the Nigerian Agip Oil Company onshore oil joint venture, a 95-percent operating stake in the OML 131 licence, and a 20-percent stake in OPL 214.
Oando’s total in-country production will probably rise to more than 50,000 barrels of oil per day and help the Toronto-listed company to challenge Seplat as the largest indigenous producer in Nigeria.
Production from the US independent’s former assets stood at 39,000 barrels of oil per day during the first six months of 2013 from reserves estimated at 211.6 million barrels of oil equivalent.
SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More
The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More
TotalEnergies has agreed with US player Vanguard Renewables to jointly develop renewable natural gas (RNG) in the USA, the French… Read More
Canadian exploration player Sintana Energy has expanded in Namibia’s Orange Basin with a deal to acquire up to 67% in… Read More
The UAE’s AD Ports Group has signed a concession agreement to operate and upgrade Angola’s multipurpose Luanda Port, the Emirati… Read More
UK-based Trident Energy has signed agreements with Chevron Corporation and TotalEnergies to obtain working interests in the Moho-Bilondo, Nkossa, Nsoko… Read More
This website uses cookies.