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