http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png 0 0 RSS FEED http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png RSS FEED2018-08-17 03:11:072018-08-17 03:11:07After Kaombo, Total Doubles Down On African Oil
After Kaombo, Total Doubles Down On African Oil
Shortly after launching a new project in Angola, French oil major Total said it was searching for more resources in Africa, including in Senegal and Mauritania.
The company is historically strong in Africa and, buoyed by rising oil prices and improved terms for its multi-billion dollar Kaombo contract in Angola, it is doubling down.
Guy Maurice, Total’s head of E&P in Africa, told Reuters that the company had completed seismic surveys and planned to start drilling exploratory wells in Senegal and Mauritania in West Africa.
He did not give a specific timeframe, but a source familiar with the matter said the drilling would begin at the end of this year or in early 2019.