Up-and-coming independent Afentra has returned to trading as its plans to secure two parallel deals in Angola move ahead.
Afentra has struck a second deal in Angola, boosting its stake in Block 3/05, via an agreement with Croatia’s INA.
Angola is determined to increase energy production and, judging from the wave of independents signed up to take on Sonangol stakes, seems well positioned.
Afentra has signed a sale and purchase agreement with Sonangol for two blocks offshore Angola, with an up-front cash commitment of $80 million.
Africa Oil Week (AOW) and African Energy Week (AEW) have gone head to head, competing for interest and delegates to come to Dubai and Cape Town respectively.
Results from Sonangol’s farm-out plans have been a “disappointment”, Welligence Energy Analytics has reported.
Tackling emissions has come to dominate discussions around ESG, driving concerns that progress is slipping on tackling the energy gap that continues in many African states.
Former Tullow Oil executives have launched their Afentra venture, focused on production up and down West Africa.