Continental Focus, International Reach

ExxonMobil Joins Azinam Offshore Namibia

ExxonMobil expanded its position in Africa with the purchase of a stake offshore Namibia. Azinam and the US supermajor entered into an agreement that has ExxonMobil acquiring a 30% interest in PEL 44. Azinam will retain a 12.5% interest, with Maurel and Prom, the license operator, retaining its current 42.5% equity interest and Namibian partners […]

August 15, 2018 Read More

Petronas Takes Piece of Senegal Block

Malaysia’s state-run energy firm, Petronas, is joining Total offshore Senegal. The company signed a farm-in agreement with Total subsidiary, Total E&P Senegal for a 30% interest in the Rufisque Offshore Profond Block. The farm-in marks Petronas’ entry into Senegal. Under the agreement Total will remain operator with a 60% equity alongside Senegal’s national oil firm, […]

August 14, 2018 Read More

Balteem Production Expected by mid-2019

In Egypt the Belayim Petroleum Company, or Petrobel, plans to produce an estimated 500 Mmcf/d of natural gas from its South West Balteem project. According to the company it should reach that level of production by mid-2019. In an effort to reach its target, the company expects to drill six wells and build an offshore […]

August 13, 2018 Read More