Tag Archives: oil exploration

Oranto Launches $500-Million Oil Exploration Campaign in South Sudan

  • 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.

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Tullow Oil to Focus on Free Cash Flow in Reducing Debt

Tullow Oil

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.

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Oando Energy Resources Announces Additional 2,500 bopd Production Capacity From Ebendo Field

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.

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Oil and Gas Industry to Power Industrial Valves and Actuators Market, finds Frost & Sullivan

Political instability in key growth regions threatens to dampen revenue generation

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Exclusive round-table for access to DRC’s oil and gas sector

DRC OIL & GAS FORUM: 29-30 JANUARY, 2013

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Oando Energy Resources Announces Spudding of Ebendo-5 Well

 

CALGARY, Alberta, October 16, 2012 /PRNewswire/ –

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