Angolan Mining Oil & Gas

Contrary to most African producers, the majority of Libya’s proven oil reserves are held onshore, with offshore fields playing a limited role in production to date. Serving as Africa’s second-largest crude oil producer, the country has maximized its onshore assets through the construction of extensive production and export infrastructure. Onshore exploration features lower costs and reduced barriers to entry, thereby fostering the participation of junior and independent explorers, along with major operators. As onshore drilling

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Nigerian independent Oranto Petroleum – a prominent actor within Uganda’s emerging exploration scene – has secured a two-year extension to its Ngassa Deep and Ngassa Shallow exploration licenses from Uganda’s Ministry of Energy and Mineral Development. The extension will enable the company to drill an exploration and appraisal well. Oranto Petroleum was initially awarded the exploration license for the Ngassa asset in 2017. The license was one of three issued in the country’s first oil

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TotalEnergies has extended its contract with international drilling contractor Northern Ocean for the Deepsea Mira semi-submersible rig in West Africa. The French energy major has exercised its option for an 180-day extension – reaching Q4 in 2024 – which is poised to generate an additional revenue backlog of $68-75 million. The Deepsea Mira initially entered into a multi-country drilling contract with TotalEnergies in December 2022, yet encountered delays in equipment loading and essential maintenance during

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