NAMCOR, ReconAfrica ink agreement to develop Kavango basin in Namibia

NAMIBIA – The National Petroleum Corporation of Namibia (NAMCOR), and Reconnaissance Energy Africa (ReconAfrica), have announced the execution of a Joint Operating Agreement (JOA), to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia. Under the agreement, the two companies will jointly pursue an ongoing petroleum exploration program in the Kavango East and Kavango West regions of Namibia, with ReconAfrica covering the full costs to commerciality. The two companies initially entered into a Petroleum Exploration Agreement with the Government of the Republic of Namibia in 2015, under which…

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Indigenous oil firm Springfield begins historic oil drilling in Ghana

GHANA – Springfield, an indigenous oil firm, will begin historic oil drilling in its Deep-Water West Cape Three Points Block 2 in the Western Region from October this year. Springfield is poised to make history if after drilling it declares discovery in commercial quantities and sets forth to prepare for field development and production in the next few years. Kevin Okyere, Chief Executive Officer of the Springfield Group, speaking to reporters reiterated his excitement with the new development. Mr. Okyere said that he believes the commencement of drilling would fast…

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