Petrobras Expands Its Oil and Gas Portfolio with an Offshore African Field
Brazilian Petroleo Brasileiro SA (Petrobras) has expanded its oil and gas asset portfolio with a new exploration block in Africa. This was reported by the company’s press service. Petrobras signed an agreement to acquire a stake in offshore Block 3 on the continental shelf of São Tomé and Príncipe from …
A Large Oil Field Was Discovered On The Shelf Of Côte d’Ivoire
Reserves are estimated at 1.5-2 billion barrels. A large oil field has been discovered on the shelf of Côte d’Ivoire in the waters of the Gulf of Guinea. This was reported by the business news agency Ecofin. The field’s reserves are estimated at 1.5-2 billion barrels of oil and up …
Lukoil joins upstream project off Sierra Leone Shore in the Gulf of Guinea
LUKOIL has acquired a 25% stake in the geological exploration, development and production project at the SL-4B-10 offshore block in the waters of the Republic of Sierra Leone in the Gulf of Guinea. LUKOIL acquired this stake from Canada’s Talisman Energy, the project operator. The other project parties are Malaysia’s Petronas (25%) and Britain’s Prontinal Ltd (20%). The block, with …