Africa Oil Corp (AOIFF)

[Scarbender307]

From Upstream magazine

Three majors in last-minute dash to enter race for slice of Orange basin hotspot

Coveted South African exploration tract attracts more big suitors
27 November 2023 13:12 GMT Updated 29 November 2023 11:53 GMT
By Iain Esau in London

A last-minute burst of interest by multiple supermajors in a sought-after exploration block in South Africa’s sector of the prolific Orange basin will delay the conclusion of a farm-out process.

Block 3B/4B — an asset that could host 4 billion barrels of recoverable resources — is operated by Stockholm-listed independent Africa Oil, which together with its two partners are keen to farm out a combined 55% stake in the deep-water acreage.

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