Learn more

Africa Oil announced on Wednesday a strategic agreement signed with units of TotalEnergies and QatarEnergy for the acquisition of participating interests in Block 3B/4B in the Orange Basin, offshore South Africa. The maximum transaction value is put at up to $46.8 million. On completion of the transaction, subject to the satisfaction of customary conditions, the operatorship of Block 3B/4B will transfer to TotalEnergies. Africa Oil has entered the deal jointly with its partners Eco (Atlantic) Oil & Gas Limited and Ricocure (Proprietary) Ltd, through their respective subsidiaries. In the deal, …

cuu