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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, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. 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 Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). 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 Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.


TSX:AOI - Post by User

Post by hikarion Sep 06, 2022 2:44pm
330 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
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