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South Africa

Global Petroleum Limited Provides An Update On Its Operations In Namibia And Italy

Namibia On 25 April 2022 the Company announced that that the Namibian authorities had granted a one year extension to the Initial Exploration Period of PEL 94 until September 2023, also making the observation that the Venus and Graff discoveries heralded a major new petroleum province in Namibia. Global now notes the confirmation by TotalEnergies […]

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Reconafrica Done With Seismic, Set To Spud The First Well In Kavango Basin Offshore Namibia

Reconnaissance Energy Africa Ltd and its joint venture partner NAMCOR (the state oil company of Namibia) have announced completion of the second phase of seismic (761 km) and commencement of the first seismically defined, initial four well drilling program with the first well 1819/8-2 (“8-2”) scheduled to spud on or before June 25, 2022. Seismic  Operations The joint […]

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Pancontinental PEL 87 Operational Licence Extends By Another Year, Namibia

Pancontinental Energy has announced that its wholly owned subsidiary Pancontinental Orange Pty Ltd has received a fully signed document extending the current Initial Exploration Period of offshore Namibian Petroleum Exploration Licence 87 (PEL 87) by one year, until 23 January 2023. Following the Initial Exploration Period, there are provisions in the PEL 87 Petroleum Agreement […]

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Eni And SONATRACH To Optimize Gas And Green Hydrogen Production In Angola

The Chairman of SONATRACH, Toufik Hakkar, and Eni CEO, Claudio Descalzi, signed today a Memorandum of Understanding (MoU) in Rome aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen. The signing ceremony was witnessed by the President of the People’s Democratic Republic of Algeria Abdelmadjid Tebboune and the Italian […]

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Somoil-Sirus Consortium Seals Acquisition Of Prolific Oil Blocks Offshore Angola

Somoil S.A., the largest privately owned Angolan oil company, and Sirius, an Africa focused oil & gas production and development company, are pleased to announce that the joint Somoil-Sirus consortium, (‘the Somoil-Sirius Consortium’ or ‘the Consortium’), has been awarded the exclusive right to acquire participating interests of 8.28% and 10% respectively in the producing Angolan offshore blocks 18 and 31 from Sonangol, […]

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Afentra expands operations in Angola, signs new contract with Sonangol

Afentra plc has announced that its wholly-owned subsidiary, Afentra (Angola) Ltd, has signed a Sale and Purchase Agreement (SPA) with Sonangol Pesquisa e Produção S.A  to purchase interests in Block 3/05 and Block 23, offshore Angola for a firm consideration of $80 million and contingent payments of up to $50 million (in aggregate) in the […]

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Seadrill Joint Venture Secure A Ten-Well Contract Offshore Angola

Seadrill Limited is pleased to announce a new contract has been secured by Sonadrill Holding Ltd, Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship. Total contract value for the firm portion of […]

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Eco (Atlantic) To Spend US$20M For Gazania-1 Well On Block 2B,South Africa

Africa Energy has released reports that Eco (Atlantic) Oil & Gas has deposited approximately US$20 millionin escrow to support its capital expenditure requirements for the Gazania-1 well on Block 2B, offshore South Africa, after closing the acquisition of Azinam Group Limited.   “We are excited to move forward on Block 2Band drill the Gazania-1 oil exploration […]

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Somoil-Sirius Consortium Set To Acquire Exclusive Right In Oil Blocks Offshore Angola

Luanda & London, 11 April 2022: Somoil S.A., the largest privately owned Angolan oil company, and Sirius, an Africa focused oil & gas production and development company, are pleased to announce that the joint Somoil-Sirus consortium, (‘the Somoil-Sirius Consortium’ or ‘the Consortium’), has been awarded the exclusive right to acquire participating interests of 8.28% and 10% respectively in the producing Angolan offshore blocks […]

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Sonangol Picks On Afentra for Block 3/05 And Block 23 Offshore Angola

Afentraplchas confirmed that SonangolE.P has announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23. This follows the announcements on 8 October 2021 and 3 February 2022 that the Company had submitted a non-binding expression of interest for the two blocks which resulted in the subsequent suspension […]

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