Afentra has signed a Sale and Purchase Agreement (SPA) with Sonangol 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 case of Block 3/05 and consideration of $0.5 million in the case of Block […]

Worley announced that it has been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) project. The engineering study is progressing in accordance with the initial project planning. When completed, the over 7,000 km long gas pipeline, being promoted by Office National des Hydrocarbures et […]

VAALCO Energy Inc. announced the successful completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate of the well was approximately 3,100 gross barrels of oil per day, which was above VAALCO’s internal expectations. This sidetrack well targeted existing high-quality Gamba […]