22nd Jan 2024 16:04
Afentra PLC - upstream oil and gas company focused on acquiring mature production and development assets in Africa - Announces selection as preferred bidder for two blocks in Angola, having submitted an application in the 2023 onshore bid round. Blocks KON15 and KON19 are located in the Kwanza Basin, "an under-exploited, over-looked proven hydrocarbon basin [with] numerous oil fields and discoveries dating back to 1955." Afentra says blocks are high-graded due to "good signs of a working petroleum system". Will now engage with the blocks' operators to discuss negotiations with relevant authorities. Read More
