Algeria
REEVALUATION FOR BLOCK 404
Already thought probable, a new upward revision of recoverable reserves can now be expected shortly on Block 404 where Anadarko [...]
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.
Elf is expected to build up its 30.5% stake in [...]