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Ethiopia

Africa Oil Announces Farm-Out Deal With Maersk Oil for Kenya and Ethiopia Blocks

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that it has entered into a definitive farmout agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by the Maersk Group ("Maersk") whereby Maersk will acquire 50% of Africa Oil's interests in Blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo Blocks in Ethiopia in consideration for reimbursement of a portion of Africa Oil's past costs and a future carry on certain exploration and development costs.

Antonoil Wins New Technical Services Project in Ethiopia

Anton Oilfield Services Group ("Antonoil" or the "Group", HKEx stock code: 3337), the leading independent oilfield services provider in China, is pleased to announce that the Group has signed the contract today for providing technical services, including cementing and drilling fluid services, for a project of a Chinese non-SOE investor in Ethiopia at a contract value totaling approximately RMB200 million for an effective period of 2 years, among which RMB130 million of cementing services, and RMB70 million of drilling fluid services. The project is expected to commence operation in the second half of 2015, and shall be completed in two years.

Tetra Tech Wins $64 Million USAID Power Africa Contract

Tetra Tech, Inc. (NASDAQ: TTEK) announced today it has been awarded a $64 million contract to provide technical assistance for the Power Africa Transactions and Reform Program funded by the U.S. Agency for International Development. Tetra Tech was awarded this five-year contract to support President Obama’s Power Africa Initiative. This contract has a base period of three years with two option years.

Tullow Oil East Africa Update

Tullow Oil plc (Tullow) announces that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia, has reached a total depth of 2,101 metres and will be plugged and abandoned as a dry hole. The well was targeting a reservoir section similar to the sands drilled in the nearby Sabisa-1 well where oil shows were encountered but these sands were not penetrated in Tultule-1. Gas shows were however recorded which reaffirm the presence of a hydrocarbon source in the region. The results of both the Sabisa-1 and the Tultule-1 wells will now be analysed to determine the future exploration campaign for the area.

Ethiopian Electric Power Corporation (EEPCo) approves 300 Megawatt Solar Project in partnership with two U.S. Firms

Global Trade and Development Consulting together with its Project Development Partner, Energy Ventures, both Maryland-based companies, today announced that they have been awarded the contract by the Ethiopian Ministry of Water and Energy and the Board of Directors of the Ethiopian Electric Power Corporation to build, operate, and transfer three (3), one hundred (100) megawatt solar sites, in the eastern region of Ethiopia. The site selection, due diligence and Feasibility Study were completed earlier this year, receiving both technical and financial approval from both the Minister of Water and Energy and EEPCo.

Ngamia Well Flows At Over 3200 Bopd And Doubles Net Pay, New Major Oil Discovery At Etuko, Confirmation Of Oil System Extension Into Ethiopia By Sabisa Well

Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce excellent results from its recent drilling operations in Kenya and Ethiopia. 

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