Africa Oil Corp. has issued an update on its development and exploration activities offshore Nigeria and southern Africa.
At the deepwater Agbami field offshore Nigeria, a 4D seismic acquisition program completed in the third quarter is undergoing fast-track processing ahead of preparations for a drilling campaign, scheduled for second-quarter 2026.
Analysis also continues of a 4D survey over the Egina field, with seismic inversion and well planning validation planned for the current quarter.
At Akpo, a new infill production well has come onstream, with three new producers and two new injectors now completed in 2024. These have had an upward impact on production rates.
Negotiations are progressing for continued drilling across Akpo and Egina in 2025.
In late August, Africa Oil closed a farm-down agreement for Orange Basin Block 3B/4B offshore South Africa, with operatorship transferred to TotalEnergies.
During mid-September, the Department of Mineral Resources and Energy for the Republic of South Africa granted environmental authorization for exploration activities (drilling of up to five exploration wells).
The legislative notification and appeals process is underway with the relevant regulatory agencies.
