South Africa, Orange Basin oil and gas map

South Africa: Africa Oil Corporation ups Orange Basin stake amid rising interest in offshore prospects

Issue 488 - 19 Jul 2023 - By James Gavin | 3 minute read

Toronto- and Stockholm-listed Africa Oil Corporation has increased its stake in Block 3B/4B, pointing to heightened interest in South Africa’s portion of the Orange Basin and the Canadian company’s efforts to emerge as a major E&P play in a region where the Venus and Graff finds off Namibia have aroused ever more excitement.

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