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Murphy Oil (MUR) is optimistic it could finalize an offshore production sharing contract with...

Murphy Oil (MUR) is optimistic it could finalize an offshore production sharing contract with Equatorial Guinea by early 2013. MUR, which already produces African oil from its offshore Azurite field in the Republic of Congo, is waiting for resolution to a maritime border dispute between Cameroon and Equatorial Guinea over its Ntem field.
Comments (1)
  • Over the next 10 years oil and gas are likely to be major drivers of growth and prosperity in both East and West Africa. Not only will oil production increase sharply but East Africa may emerge as a competitive and important exporter of LNG to India, China, South Korea and Japan.
    Dozens of independent E&P companies could well prosper in Africa in addition to the majors.

     

    Coastal Africa, North America, Iraq, Brazil, Israel( offshore natural gas) and (with Regime change) Argentina are poised to be the great oil and gas plays of the next 10 to 15 years
    30 Oct 2012, 10:56 AM Reply Like
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