Africa Oil Corp. T.AOI

SuperMajors Exiting Africa

[firstworld]

Saw something today they are all exiting African Oil just like they did Canada.   

USA, Brazil,Ghana are their focus for oil.

Should be some licences for sale cheap!

[GripnRip]

provide the source or STFU Any oil industry publishing I've read states the opposite....Chevron just paid $100,000,000 to get a little piece https://www.offshore-energy.biz/chevron-enters-namibian-block-close-to-recent-oil-discovery/ https://www.upstreamonline.com/exclusive/chevron-wraps-up-deal-to-operate-sought-after-namibia-block/2-1-1325804

[firstworld]

https://www.reuters.com/business/energy/exxon-exit-equatorial-guinea-amid-wider-africa-crude-phaseout-2022-11-28/

[GripnRip]

Exxon has been trying to sell its Zafiro operation since 2020.   It evacuated staff from the offshore production platform Zafiro this year due to water entering the aging vessel. Exxon's oil output in Equatorial Guinea, a member of the Organization of the Petroleum Exporting Countries (OPEC), peaked at more than 300,000 bpd eight years ago and has been declining since. So Exxon

[firstworld]

Exxon not material IMO probably a kickback operation for a license elsewhere or slush funds - its all the other!supermajors and NOCs exiting Africa.that caught my attention hilarious they exited Canada first writing off tens of $B.