In Q2 of 2017, Somalia is expected to launch its first oil block bid round, it was announced this week in Cape Town during the Africa Oil Week conference
Somalia announces first oil block bid round at Africa Oil Week
Exploration
ExxonMobil announce 'significant' discovery in Nigeria
ExxonMobil announced a significant oil discovery offshore of Nigeria of around 500mn to 1bn barrels of oil
Somalia and Republic of Congo license round updates to feature at Africa Oil Week
Delegates at next weeks Africa Oil Week, which starts on 31 October in Cape Town, will have the opportunity to learn more about the Somalia and Congo-Brazzaville license round plans for 2017
Subsea 7 awarded offshore Egypt contract
Subsea 7 has been awarded a substantial offshore Egypt contract by Pharaonic Petroleum Company, which will be executed at depths of more than 900 metres in the new Atoll field, off the coast of Damietta
Africa Energy acquires offshore South Africa block
Africa Energy has acquired a 90 per cent participating interest in Block 2B, off the South African coast, at a cost of US$1 mn
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