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ENERGY & UTILITIES | Oil & Gas Production & Exploration
africaenergycorp.com

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Stage

PIPE | IPO

Market Cap

0.34B

About Africa Energy

Africa Energy Corp. is a Canadian oil and gas company with exploration assets in South Africa and Namibia.

Africa Energy Headquarter Location

885 West Georgia Street Suite 2000

Vancouver, British Columbia, V6C 3E8,

Canada

+1 (604) 689-7842

Latest Africa Energy News

15 companies bid for Angola’s onshore blocks

Jul 16, 2021

15 companies bid for Angola’s onshore blocks Angola has received bids for all nine of its onshore blocks up for grabs in its 2020 licensing round, in the Lower Congo and Kwanza basins. A statement from Africa Energy Chamber said 15 companies had submitted 45 offers, worth more than $1 billion. Bids submitted to Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) were a “rare result”, the chamber said, “in an increasingly competitive and investment-shy global environment”. ANPG will announce results on August 25. Early exploration onshore in Angola has found 13 commercial oilfields and one gas field. Reserves range from 5 to 40 million barrels of oil. There is further potential in the deeper targets in the rift and transitional phase reservoirs, the statement said. ANPG expects to unlock more finds via advanced seismic and drilling, Africa Energy Chamber continued. “From the initial data at our disposal, we believe strongly in the potential of the nine blocks on offer,” said ANPG executive director Natacha Massano. “ “We look forward to finding... read more ...

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