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All posts tagged "Afren"

  • Afren offers $37m for stake in Nigerian firm

    AFREN Plc, a United Kingdom-based oil and gas company, is planning to expand reserves by 29 per cent after increasing its stake in an indigenous firm, First Hydrocarbon Nigeria Company Limited. Afren, according to a statement obtained...

    • Posted March 27, 2013
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  • Sinopec set to acquire Afren’s $1bn assets

    China Petrochemical Corporation, Sinopec, has announced plans to acquire Afren Plc’s assets valued at N157 billion ($1 billion) in Nigeria and other part of the globe. According to a source who asked not to be named, Sinopec...

    • Posted February 2, 2013
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  • Afren Strikes Oil again

    Afren a leading independent oil and gas exploration and development company has announced a new oil discovery at its Okoro East Exploration Well, located in the South Eastern part of Nigeria. Below is the full media statement...

    • Posted January 18, 2012
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  • Afren To Complete Acquisition Of OML 26 Stake By End 2011

    Afren’s acquisition of a stake in a Nigeria’s OML 26, announced last year, is on track to complete by the end of 2011, the company’s chief executive said. Last year, Afren announced that First Hydrocarbon Nigeria, the...

    • Posted November 7, 2011
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  • Afren reports 42 percent drop in profit

    Plans for increasing production at Africa-focused oil and gas firm Afren are on track, it said on Tuesday, after reporting a 42 percent drop in profits in the first half of the year after a delay in...

    • Posted August 30, 2011
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  • Afren’s chairman Egbert Imomoh appointed SPE president

    Afren’s chairman Egbert Imomoh will become president of the Society of Petroleum Engineers (SPE) in 2013, it was revealed today. Imomoh has been a member of the key international organisation for the oil and gas sector since...

    • Posted August 1, 2011
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  • Candax Energy farms out major oil and gas exploration to Afren

    Candax Energy Inc. says it has entered into a binding agreement to farm out a major part of its working interest and operatorship of Block 1101 in Madagascar to LSE-listed energy company Afren Plc. After the transaction,...

    • Posted July 26, 2011
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  • Afren prepares Africa drilling spree

    Pan-African independent Afren plans to participate in wells in wide-ranging basins offshore West and East Africa. In Cote d’Ivoire’s offshore C1-01 concession (Afren 65%), technical evaluation of the Kudu field has been completed. This follows earlier studies...

    • Posted July 24, 2011
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  • Afren targets production boost and exploration drilling

    Afren , the Africa-focused FTSE 250 oil and gas group, said today that it was on track to be producing 50,000 barrels of oil equivalent per day by the end of this year. In an update ahead...

    • Posted July 20, 2011
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