Africa Oil completes farm down of South Africa's Orange Basin block to TotalEnergies, QatarEnergy
Africa Oil completes farm down of South Africa's Orange Basin block to TotalEnergies, QatarEnergy
Africa Oil Corp said it has completed a farm down agreement with TotalEnergies and QatarEnergy in South Africa's Orange Basin.
The deal, first announced in March 2024, pertains to Block 3B/4B in the Basin.
Under the agreement, Africa Oil’s subsidiary AOSAC retains a 17% interest in Block 3B/4B, down from 26.25%, while operatorship of the block transfers to TotalEnerg...