Friday, July 15, 2011

E&P Opportunities in North Africa

There are 20 opportunities recorded in Derrick’s “Deals in Play’” database for the region of North Africa comprising Algeria, Egypt, Morocco, Mauritania and Egypt.

Out of these 20, 12 opportunities are for stakes in exploration blocks previously awarded, 5 are opportunities relating to developing undeveloped discoveries, 1 is for a stake in a producing field and 1 is for stakes in multiple asset types (appraisal/pre-development discoveries & 1 producing field) (Map 1)


Figure 1: Map of North Africa with locations of opportunities shown by colored circles. Circles are colored based on the asset type. Place cursor over circles for additional information on the opportunity. Click on circles to get detailed opportunity break down (pop ups need to be allowed).

The maximum opportunities are in Morocco (8), followed by Tunisia (7), Egypt (3), Algeria (1) and Mauritania (1).

Derrick has valued the following packages (developing discoveries & producing fields) - (Table 1)
1. Dana Petroleum offers 25% in exploration concession offshore Egypt
2. Roc Oil to divest package of assets offshore Mauritania
3. Canamens Energy seeks farm-in partner(s) for two licenses offshore Morocco
4. Atlas Petroleum and Eurogas seek farm-in partner for Sfax permit, offshore Tunisia
5. Cooper Energy to farmout interest in offshore Tunisian field


Table 1: Derrick valued deals are shown with their asset types (transaction type), deal value and country. Squares are colored according to hydrocarbon type. Place cursor over squares for additional information on the opportunity. Click on circles to get detailed opportunity break down (pop ups need to be allowed), asset information and deal value.

North Africa presently accounts for 29% of total opportunities present in Africa

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