African Business News

BHARAT PETROLEUM EYES TULLOW OIL’S KENYA ACREAGE

India’s Bharat Petroleum Corporation (BPCL) is rumoured to be in talks with Tullow oil to acquire 10 percent stake in Blocks 10BB and 13T where the London explorer has discovered over 600 million barrels.

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Kenya to auction petroleum exploration licences in 2017

Kenya is planning to hold its first-ever auction of petroleum exploration licences in 2017

The National Oil Corporation of Kenya (NOCK) has invited bids from contractors to gather comprehensive data on several shallow blocks off Lamu to help attract exploration firms ahead of the anticipated auction of exploration rights.

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Production begins from Erha North Phase 2 project

ExxonMobil subsidiary, Esso Exploration and Production Nigeria, has started oil production at the Erha North Phase 2 project offshore Nigeria

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Petroceltic to drill close to Eni’s Zohr gas discovery

Irish company Petroceltic is expected to begin drilling next year at one of its prospects close to Eni’s recent huge gas find offshore Egypt

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