Afren in Tanzania

Founded in 2004, Afren is an independent Oil and Gas Company listed on the London Stock Exchange (LSE), with operations in several countries and a diversified portfolio of production, development appraisal and exploration assets. Concentrating its activities in Africa, Afren is present in Congo (Brazzaville), Ivory Coast, Ethiopia, Madagascar, Ghana, Kenya, South Africa, Nigeria and the Seychelle. Other operations are in the Kurdistan region of Iraq.

=Africa Operations= Africa is a crucial source of oil to some of the world’s most commodity-hungry economies. In recent years, the continent has attracted significant investments from independents looking to capitalise on this proven resource base. One of the most successful entrants in recent years has been the London-listed independent Afren which, since its founding in 2004, has established itself as one the leading upstream oil companies, in Africa. It operates in Congo Brazzaville (La Noumbi), Ivory Coast (CL-523 and CL-525), South Africa (Block-2B), Ghana (Keta Block), and Nigeria (Okoro field, Ebok field, blocks OML115, OML 26, OPL310 and OML 113). Others are in the Joint Development Zone (JDZ), owned by Nigeria and Sao Tome and Principe. Being a pan-African company, Afren has a strong presence of local people on its Board and in senior management. Besides having a good number of positions held by people from the continent the company has established partnerships with indigenous companies, national oil companies and governments, some of which include Eni in Ghana (Keta Block) and NPDC on the OML 26 Block in Nigeria.

=East Africa Operations= In East Africa, the company's portfolio of assets covers an expansive area in excess of 82,000 square kilometers in basins that have had proved hydrocarbons. Afren made a strategic entry into East Africa in 2010 when it bought Dubai based Black Marlin Energy thus establishing a multi country East African platform including Ethiopia, Kenya, Madagascar and the Seychelles. Through its regional and wholly owned firm Afren EAX Limited, Afren Plc has interests in Kenya in Block-1 on the western margin of the Mandera-Lugh Basin, Blocks-L17 and L18 in the Lamu Coastal Basin and Block-10A in the Anza Basin. Whereas other working interests include Areas A and B of the Seychelles microcontinent, Blocks 7 and 8 of the Ogaden Basin in Ethiopia and Block 1101 on the eastern flank of the Ambilobe Basin in northern Madagascar. Whereas its working interests in the Seychelles are in Areas A and B, at exploration stage in the micro-continent, Ethiopia in Blocks 7 and 8 in the Ogaden Basin, under the same PSC and Madagascar in Block 1101, in the eastern flank of Ambilobe Basin onshore, northern Madagascar.

=Operations in Tanzania= Afren entered the country’s fast growing gas and oil sector in 2011 after it bought a 74 per cent working interest in the Tanga Block, then wholly owned by Petrodel Resources which now retains a 26 per cent interest, having been awarded the block during the country’s bidding round of 2005/2006. The Tanga Block lies south of, and is linked to, Afren’s 100 per cent owned and operated Blocks L17 and L18 in Kenya. According to Afren Environmental Impact Assessment (EIA), surveys and drilling forecasts have been completed for both Chungwa-1 well and Mkonge-1 well (the other well on the block), which are both ready for drilling.



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