Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
Total has spudded the Luiperd-1X well, offshore South Africa, as ExxonMobil has confirmed its exit from the state.
South African Mineral Resources and Energy Minister Gwede Mantashe has welcomed Odjfell Drilling’s Deepsea Stavanger to Cape Towin.
The Odjfell Deepsea Stavanger is on its way to South Africa, to drill more wells for Total.
Drilling is expected to go ahead as planned at South Africa’s Block 11B/12B, with the first Luiperd well due in June.
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.
PetroSA has appointed Pragasen Naidoo to serve as the company’s CEO, a position that has been held on a temporary basis since 2014.
The South African government has published its Integrated Resource Plan (IRP) with the aim of setting out the country’s future energy mix.