Search results for: African Petroleum Corporation

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  • 14 July 2014
    Business & Finance, Project & Tenders

    African Petroleum Corporation Limited has entered into an agreement with Buried Hill Africa Limited to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration well to be drilled on Block CI-509 and an additional cash payment to African Petroleum Corporation representing 10% of past costs incurred. […]

  • 14 July 2014
    Business & Finance, Operations & Maintenance

    African Petroleum Corporation Limited announces that it has entered into an agreement with Buried Hill Africa Limited (“Buried Hill”) to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration well to be drilled on Block CI-509 and an additional cash […]

  • 23 December 2014
    Business & Finance

    African Petroleum Corporation has signed a non-binding term sheet agreeing terms with a private London-based independent oil and gas company to farm-in to the company’s 100% owned Liberian LB-08 licence. African Petroleum did not reveal the name of the London-based player. Pursuant to the term sheet the third party has agreed, subject inter alia to […]

  • 14 March 2014
    Business & Finance

    African Petroleum Corporation Limited has announced that its wholly owned subsidiary African Petroleum Gambia Limited has lodged Requests for Arbitration with the International Centre for the Settlement of Investment Disputes. The request is in relation to The Republic of The Gambia’s notification of the purported termination of AP Gambia’s exploration licences over Blocks A1 and […]

  • 18 July 2014
    Business & Finance

    African Petroleum Corporation Limited has announced that Non-Executive Director James Smith has tendered his resignation from the Board of Directors, taking effect from 1 August 2014. Smith’s decision to leave the Board of African Petroleum Corporation will allow him to focus his attention more fully on other business opportunities he is involved in. The Company further […]

  • 28 November 2014
    Business & Finance, Project & Tenders

    African Petroleum Corporation has entered into an agreement with The Government of the Republic of The Gambia to reinstate the company’s Alhamdulilah Licence Block A1 and Licence Block A4 (the “Gambia Licences”), and settle all prior issues concerning the Gambia Licences including the discontinuation of arbitration proceedings. To remind, the Gambia in January terminated the […]

  • 17 June 2014
    Business & Finance

    African Petroleum Corporation has announced the appointment of Bjarne Moe as a Norwegian based independent director to the Board. Moe has over 35 years’ experience in the oil and gas industry including being the former Director General of the Oil and Gas Department of the Ministry of Petroleum, Norway. Since 2011, Moe has been an advisor […]

  • 29 November 2011
    Business & Finance

    African Petroleum Corporation Limited has been awarded two Exploration Permits in Senegal over two offshore blocks: Rufisque Offshore Profond and Senegal Offshore Sud Profond. African Petroleum Corporation Limited , a West African focused oil and gas exploration company, has been awarded two offshore exploration permits in Senegal covering two blocks: Rufisque Offshore Profond and Senegal […]

  • 11 July 2014

    African Petroleum Corporation Limited has signed a contract to acquire more than 1,000 sq km of 3D seismic data on Block SL-4A-10, offshore Sierra Leone in addition to the existing 3D coverage. The seismic acquisition over Block SL-4A-10 is expected to commence in Q3 2014. The Company was awarded SL-03 in April 2010 and the […]

  • 11 July 2014
    Business & Finance, Operations & Maintenance

    African Petroleum Corporation announced that its wholly owned subsidiary African Petroleum Sierra Leone Limited has signed a contract to acquire more than 1,000 sq km of 3D seismic data on Block SL-4A-10, offshore Sierra Leone in addition to the existing 3D coverage. The seismic acquisition over Block SL-4A-10 is expected to commence in Q3 2014. […]

  • 23 March 2012
    Business & Finance

    African Petroleum Corporation Limited, a West African focused oil and gas exploration company on Wednesday signed an agreement with the Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (“PETROCI”) and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI‐509. The CI-509 block is located in the Western Offshore area of […]

  • 3 May 2019

    Oil major BP has struck an offshore exploration deal with the Gambian government in a disputed block previously held by African Petroleum Corporation.

  • 30 January 2015

    African Petroleum will need to wait some more to complete a farm-out deal for its block offshore Liberia.

  • 11 January 2012
    Business & Finance

    African Petroleum Corporation Limited, an oil and gas company focused on exploration in West Africa region, has entered into an agreement with PETROCI and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI-513 (“Permit”). The block is located in the Western Offshore area of Côte d’Ivoire, with a total surface […]

  • 22 April 2014

    African Petroleum Corporation Limited and the Government of Côte d’Ivoire have agreed amendments to the Production Sharing Contracts related to Blocks CI-509 and CI-513. The PSC Amendments include an adjustment of the licence periods providing for one year extensions to the first exploration periods of both licences at the expense of the duration of future exploration […]

  • 29 November 2011
    Business & Finance, Operations & Maintenance

    African Petroleum Corporation Limited, a West African focused oil and gas exploration company, announces that its wholly owned subsidiary, African Petroleum Senegal Limited, has entered into an agreement with the Société des Pétroles du Sénégal  and the République du Sénégal to acquire two offshore exploration permits covering two blocks: Rufisque Offshore Profond and Senegal Offshore […]

  • 12 August 2011
    Business & Finance

    African Petroleum Corporation Limited commenced drilling its first exploration well in Liberia on 8 August 2011 with the Maersk Deliverer semi-submersible deepwater drilling rig. The Company has a 100% interest in Blocks LB-08 and LB-09 and is fully funded for a further 5 additional exploration wells. African Petroleum will be drilling the “Apalis” Prospect on […]

  • 25 January 2012
    Business & Finance

    CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that it has entered into an agreement with the Gambian Ministry of Petroleum (on behalf of the Government of the Republic of The Gambia) on the provisional award of two offshore exploration blocks, A2 and A5, […]

  • 6 May 2020
    Authorities & Government, Business & Finance, Business developments & projects, Project & Tenders, Regulation & policy

    Oil and gas company PetroNor has reached a mutual agreement with the Government of Senegal to suspend the arbitration related to a dispute for two offshore blocks.

  • 30 May 2012
    Business & Finance

    CAMAC Energy Inc. today announced that it has signed Petroleum Exploration, Development & Production Licenses with The Gambia for two previously awarded offshore exploration blocks, A2 and A5 (“the Blocks”). The Blocks, which are contiguous, cover a combined area of approximately 2,666 square kilometers and are located in water depths of between 600 and 1,000 […]

  • 23 March 2012
    Business & Finance, Operations & Maintenance

    African Petroleum Corporation Limited, a West African focused oil and gas exploration company, announces that its wholly owned subsidiary, African Petroleum Côte d’Ivoire Limited, has entered into an agreement with the Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI‐509. Key […]

  • 18 December 2014
    Business & Finance, Project & Tenders

    African Petroleum Corporation’s subsidiary African Petroleum Senegal Limited has received confirmation from the President in the form of a Presidential decree of entry into the First Renewal Period on licence Senegal Offshore Sud Profond (SOSP). According to African Petroleum, prior to entering into the First Renewal Period, Petrosen (the National Oil Company of Senegal) agreed […]