Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime), Impact Oil and Gas Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.


TSX:AOI - Post by User

Post by hikarion Sep 06, 2022 2:44pm
299 Views
Post# 34944577

Brulpadda and Luiperd

Brulpadda and LuiperdSEP 6, 2022

CAPE TOWN, Sept 6 (Reuters) - TotalEnergies TTEF.PA has lodged its production licence application for Block 11B/12B offshore South Africa, the national petroleum regulator said on Tuesday, before a deadline expired which might have seen the oil major forfeit its right to develop the huge discovery.

TotalEnergies discovered two large gas fields, Brulpadda and Luiperd, in offshore block 11B/12B about 175 km off South Africa's southern coast in 2019 and 2020.

The application was filed on Monday and "will be assessed for completeness over the next 14 days", the Petroleum Agency of South Africa (PASA) told Reuters in an email.

In March, the chief executive of PASA said if TotalEnergies did not submit its production licence application by September when its exploration licence expired, the block would revert back to the market.

Developing the block is seen as a vital pillar of South Africa's gas energy ambitions, with the development of the Luiperd prospect potentially connecting to an existing offshore platform run by national oil company PetroSA via a sub-sea pipeline of less than 100 kilometres (62.14 miles).

PetroSA's 45,000 barrel per day gas-to-liquid refinery in Mossel Bay is virtually at a standstill as production has plummeted due dwindling gas feedstock off South Africa's southern coast.

TotalEnergies joint venture partners in Block 11B/12B include QatarEnergy and Canadian Natural Resources
<< Previous
Bullboard Posts
Next >>