Operations

Project Overview

FULL CYCLE AFRICA FOCUSED

Africa Oil Corp. is a Canadian oil and gas exploration company with producing and development assets in deep-water offshore Nigeria, and development assets in Kenya. The Company also has a portfolio of exploration assets in Guyana, Kenya, Namibia, Nigeria, South Africa and in the Senegal Guinea Bissau Joint Development Zone ("AGC"). The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies including Prime Oil & Gas Coöperatief U.A.("Prime"), Africa Energy Corp., Eco (Atlantic) Oil & Gas Ltd. and Impact Oil and Gas Ltd.


Nigeria Deepwater

Nigeria

  • Nigeria key cash flow generating projects: Egina, Akpo and Agbami fields 3 of the top 5 oil producing fields in West Africa
  • 50% equity interest in Prime
  • Prime holds an 8% interest in block OML 127 containing the Agbami Field and a 16% interest in OML 130 containing the Akpo Field and the Egina Field
  • Combined gross field production of approximately 450,000 BOEPD

Portfolio Equity Investments

Exploration

Multiple portfolio investments providing exposure to high impact exploration areas: Guyana, Namibia, South Africa

Proven Track Record

Africa Oil is lead by a highly successful management with proven exploration and development track record. Extensive experience throughout Africa.