tiprankstipranks
Africa Oil Secures 20-Year Nigerian Lease Renewal
Company Announcements

Africa Oil Secures 20-Year Nigerian Lease Renewal

Story Highlights

Africa Oil (TSE:AOI) has released an update.

Don't Miss our Black Friday Offers:

Africa Oil Corp. has successfully renewed its Petroleum Mining Lease 52 in Nigeria for 20 years, securing its long-term production outlook. The Agbami field, part of this lease, is operated by Chevron and has been a significant producer since 2008. This renewal strengthens Africa Oil’s position in deepwater Nigeria, with significant partnerships and production capabilities.

For further insights into TSE:AOI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAfrica Oil Advances Share Buyback Program
TipRanks Auto-Generated NewsdeskAfrica Oil Corp Reports Q3 2024 Financial Results
TipRanks Canadian Auto-Generated NewsdeskAfrica Oil Announces Q3 2024 Results and Strategic Moves
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App