Search results for: African Petroleum

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  • 23 May 2016
    Business & Finance

    Independent oil company African Petroleum has announced that Charles Matthews, Non-Executive Chairman, is retiring as Chairman and Non-Executive Director effective from Monday, May 23, in order to pursue other business interests. Dr. David King, currently serving as a Non-Executive Director of the company since July 2013, will assume the position of Non-Executive Chairman, effective from the […]

  • 4 September 2017

    African Petroleum, an independent oil and gas company, is preparing to launch an arbitration against the government of The Gambia over the A1 and A4 offshore licences.  African Petroleum’s problem with these two offshore licenses emerged in July when the government of The Gambia said it had ended talks with the company for the extension of […]

  • 12 April 2018
    Business & Finance

    A non-executive director of independent oil and gas company African Petroleum has resigned from the board of directors.

  • 30 September 2015
    Business & Finance

    African Petroleum announced on Wednesday that Dr Stuart Lake, CEO and Executive Director, is stepping down with immediate effect for health reasons. Jens Pace, who joined the company in 2012 and is currently serving as Chief Operating Officer, will assume the position of CEO. Pace is a geoscientist with over 30 years of industry experience which includes […]

  • 8 October 2018

    Senegal’s Petrosen is seeking tenders for two blocks offshore Senegal, including the Senegal Offshore Sud Profond (SOSP) block, much to African Petroleum’s surprise. 

  • 22 August 2017

    Independent oil and gas company African Petroleum (AP) has refuted media claims that its Gambian offshore licenses have expired and are up for grabs for interested parties. According to Premium Times, The Gambia’s presidential spokesperson, Amie Bojang, told the media that African Petroleum’s rights to explore in two offshore Gambian oil blocks have expired and are currently […]

  • 5 September 2016
    Business & Finance

    African Petroleum, an independent oil and gas exploration company, has signed a Letter of Intent (LOI) with an undisclosed international exploration and production company regarding Licenses A1 and A4, offshore Gambia.  The company said that the LOI represents a non-binding commercial proposal regarding the possible acquisition of interests in Licenses A1 and A4 where African […]

  • 5 July 2017

    Following press reports that the Gambian government ended talks with African Petroleum (AP) for the extension of exploration rights for two offshore blocks, the Oslo-listed oil company denied the claims.  The licenses in question are A1 and A4 offshore The Gambia where African Petroleum holds a 100% operated working interest. According to Reuters’ report on Tuesday, […]

  • 16 October 2017

    African Petroleum, an independent oil and gas company, is looking to enter the second renewal period at the Senegal Offshore Sud Profond (SOSP) production sharing contract (PSC).  AP, which holds 90% interest in the SOSP, entered into the first renewal period for the PSC in December 2014 and this term is due to end on […]

  • 18 October 2017

    Oslo-listed independent oil and gas company African Petroleum (AP) has started arbitration proceedings “to protect its interests” related to its licenses offshore The Gambia.  According to its statement on Wednesday, the company’s subsidiaries, African Petroleum Gambia Limited and APCL Gambia B.V have lodged Requests for Arbitration (RFA) documents with the International Centre for the Settlement […]

  • 23 November 2016

    African Petroleum, an independent oil and gas exploration company, has informed that the production sharing contracts for blocks LB-08 and LB-09 off Liberia have expired and will not be extended. The oil company reported on Wednesday that the PSCs formally expired in June 2016 and since this time African Petroleum had been in discussions with […]

  • 2 November 2018

    African Petroleum (AP) is looking for an alternative arbitrator for its arbitration proceedings in Senegal after a potential conflict was identified for its previous nominee. The Senegalese government has not appointed an arbitrator either.  To remind, AP registered a request for arbitration proceedings with ICSID on July 11, 2018 to protect its interests in the Senegal […]

  • 14 August 2017

    Independent oil and gas company African Petroleum (AP) is still waiting for clarity on its Gambian offshore licenses situation. African Petroleum holds a 100% operated working interest in offshore licenses A1 and A4 in The Gambia. To remind, reports emerged in early July that the Gambian government had ended talks with AP for the extension of […]

  • 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 […]

  • 7 June 2017

    Independent oil and gas exploration company African Petroleum (AP) has extended a binding exclusivity agreement regarding the farm out of its operated interest in licenses offshore Senegal and The Gambia. In mid-April, AP signed non-binding heads of terms and a binding exclusivity agreement with what the company described as “a well-funded, listed oil and gas […]

  • 10 March 2016
    Business & Finance, Project & Tenders

    African Petroleum, an independent oil and gas exploration company, has announced that the new Production Sharing Contract (PSC) with Ophir Energy covering the company’s CI-513 licence area in Côte d’Ivoire or Ivory Coast is now effective. African Petroleum and Ophir entered the PSC for the Ivory Coast block in December 2015. Having been signed by […]

  • 21 December 2015
    Business & Finance

    African Petroleum, an independent oil and gas exploration company, has entered into a new Production Sharing Contract with Ophir Energy plc covering the company’s CI-513 licence area in the Ivory Coast. In accordance with the terms of the new PSC, Ophir Energy holds a 45% interest and is operator, African Petroleum holds a 45% interest […]

  • 30 May 2019
    Business & Finance

    With the continued uncertainty related to AP’s blocks in The Gambia and Senegal, the transaction will bring much-needed stability

  • 30 January 2015

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

  • 4 August 2016

    African Petroleum, an independent oil and gas exploration company, has received formal ratification from the authorities in Sierra Leone for the entry into the First Extension Period on the SL-03 license, offshore Sierra Leone. African Petroleum said on Thursday that the ratification of the extension was received through its wholly-owned subsidiary, European Hydrocarbons Limited (EHL). EHL entered into the […]

  • 5 December 2017

    African Petroleum has signed agreements to enter into the second extension periods of the SL-03 and SL-4A-10 licenses offshore Sierra Leone.

  • 18 April 2017
    Business & Finance

    Independent oil and gas exploration company African Petroleum (AP) has signed non-binding heads of terms and a binding exclusivity agreement with an unnamed firm described as “well funded, listed oil and gas company with a strong track record in offshore deep-water drilling.”  The heads of terms and exclusivity agreement provide a framework for the incoming […]