Tag Archives: oil exploration
- EPSA contract signed today in Juba for South Sudan acreage.
- Oranto Petroleum is the 90% shareholder and operator of large Block B3, plans to invest $500 million for exploration and development.
- Government looks to new entrants to boost oil production.
Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately. The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement for the block today in Juba.
With 2016-end year post tax loss of 600 million USD, operating cash flow of 800 million USD, and revenue of 1.3 billion USD, Tullow oil has made notice that it will not be paying shareholder dividends.
About Oando Energy Resources Inc. (OER)
OER currently has a broad suite of producing, development and exploration properties in the Gulf of Guinea (predominantly in Nigeria) with current production of approximately 5,205 bopd from the Abo Field in OML 125 and the Ebendo Field. OER has been specifically structured to take advantage of current opportunities for indigenous companies in Nigeria, which currently has the largest population in Africa, and one of the largest oil and gas resources in Africa.
Political instability in key growth regions threatens to dampen revenue generation
DRC OIL & GAS FORUM: 29-30 JANUARY, 2013
CALGARY, Alberta, October 16, 2012 /PRNewswire/ –