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South Africa

Reconafrica Releases Drilling Update off Namibian Basin, Among TSX Venture 50 Top Performing Energy Company 2021

Drilling Operations   As announced on January 11, 2021, the Company commenced drilling operations on the first well (6-2), of an initial three well program to evaluate potential hydrocarbon systems in one of five major sub-basins of the larger, more laterally extensive, deep Kavango basin.   Having set and cemented 17 ½” surface casing mid-January, […]

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PGS, ANPG in Partnership to Explore Prolific Lower Congo Basin in New Acquisition Projects

PGS, in cooperation with ANPG, has begun a new fully prefunded MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021. Ramform Atlas is acquiring high-density 3D GeoStreamer data using a […]

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Angola: Dayuan to Divest 70% Interest in China Sonangol International This Year

The selling process of the oil company (Sonangol)’s stake in China International Holding (CSIH) may begin this year, according to the Privatisation Programme (Propriv) underway in the country. Created in 2004, China Sonangol International Holding has been based in Hong Kong, since September 6, 2012.  Data compiled by ANGOP indicate that CSIH is owned by […]

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ReconAfrica Resumes 450 km 2D Seismic Program in Kavango Basin off Namibia

Reconnaissance Energy Africa has announced that it has commenced the permitting process for the acquisition of 450 kilometers of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia. To execute the program, the Company has contracted Polaris Natural Resources Inc,based in Calgary, Alberta, Canada. As a result of a […]

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BW Energy Signs Kudu Farm-In Agreement Offshore Namibia

BW Kudu Limited, a wholly owned subsidiary of BW Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR) has signed a Farm-In and Carry Agreement. The agreement increases BW Kudu’s working interest in the Kudu license offshore Namibia from 56% to 95% in line with previously disclosed intentions. NAMCOR will retain the remaining 5% […]

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Angola gets breathing space from Chinese creditors, says finance minister

Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700 million in its next tranche of International Monetary Fund financing in the coming days, its finance minister said on Monday. Africa’s second-largest oil exporter has been seeking payment relief as it strives to overcome the hit from […]

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ReconAfrica kicks-off Kavango Basin Drilling Program off Namibia

Reconnaissance Energy Africa has announced its commencement of drilling operations on the first well (6-2), of an initial three well program, in the deep Kavango Basin in the Kalahari Desert of North East Namibia.   Drilling Operations are being carried out with the Company owned and operated 1,000 HP rig (Jarvie-1), we are now drilling […]

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Angola’s ANPG Announces Bid Round for New Oil Concessions

The National Oil, Gas and Biofuels Agency, as a national concessionaire, has announced its intention to hold an international tender for the award of new oil concessions in Angola on April 30, 2021.There are nine blocks that are going to tender: three in the Terrestrial Basin of Lower Congo and six in the Terrestrial Basin […]

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TOTAL SUSTAINS LEAD IN ANGOLA OILFIELDS

Total, operator, and its partners Equinor, ExxonMobil and BP have signed an agreement with national oil, gas and biofuels agency ANPG and state-owned Sonangol of Angola, to extend their consortium’s production licenses to 2045. As part of the agreement, Sonangol will obtain a 5% interest in Block 17 on the effective date and an additional […]

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ReconAfrica announces the arrival of its Rig, High Impact Well Spud

ReconAfrica announced a highly anticipated operations update, confirming that it has spudded the high impact 6-2 exploration well on the Company’s Petroleum Exploration License 73 (PEL) in Namibia. The well is the first of three planned exploration wells to evaluate the presence of an active conventional system in the Kavango Basin. While geochemical work and […]

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