Africa
A Private Malaysian Newcomer
Pexco, the oil arm of Malaysia’s Usaha Tegas conglomerate owned by Ananda Krishnan, hopes to debut in Equatorial Guinea and Ethiopia.
Anadarko was an oil and gas exploration company based in Texas and one of America’s most active oil companies in Africa. It was a pioneer in the nascent Mozambican oil industry, before making way for the major oil companies, as they alone had the requisite financial resources to develop the oilfields in the country's offshore. It was taken over by Occidental Petroleum in 2019.
All the companies awarded acreage in the Joint Development Zone [...]