Algeria’s national oil company renews onshore PSC in Niger

SONATRACH International (SIPEX BVI), the international subsidiary of the Algerian national oil company, has recently renewed its onshore production sharing contract (PSC) in Niger. On February 4th, it signed in Niamey the updated PSC for its Kafra Block.

The initial PSC was signed in 2015 and led to the successful drilling of two exploratory wells. KFR-1, drilled in 2018, notably discovered 168m barrels of heavy crude oil (2P). A year later, KFRN-1 discovered another 400m barrels of paraffin-rich reserves (waxy oil).

Following several analyses, SONATRACH mentioned that current updated liquids volumes were estimated at 100m barrels in place (2P).

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AXIAN Telecom makes successful debut on debt capital markets

AXIAN Telecom, the pan-African provider of telecommunications, mobile money services and digital infrastructure, has successfully priced its $420m senior notes due in 2027. The company raised capital to finance the repayment of some of its existing debt and support its overall growth across the continent. Since 2004, AXIAN Telecom has expanded into Tanzania, Madagascar, Togo, […]

Kenya’s 40 MW Kesses 1 solar PV facility expected online in Q2 2022

In Kenya, Alten Energías Renovables is expected to commission its 40 MW Kesses 1 solar PV plant in the spring this year. The company is currently constructing the facility outside of Eldoret in Kenya. It is located only 1km away from the existing Eldosol and Radiant solar plants of Frontier Energy, each equipped with a […]