Octant Energy acquires assets in East Africa

摘要

OCTANT ENERGY CORP has entered into three agreements with subsidiary companies of Afren to acquire assets in Kenya and Tanzania The assets acquired by-Canada-based Octant include Block L17/L18 and Block 1 in Kenya, and the Tanga Block in Tanzania. The acquisition is important for the development of these assets and the region, especially following Afren going into administration earlier this year. The deal ensures that a team with regional experience and knowledge takes forward the respective production sharing contracts (PSC) and continues delivery of near-term actionable items on these assets.