Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » South Africa’s SacOil gets 100% stake in Malawi block

    South Africa’s SacOil gets 100% stake in Malawi block

    December 13, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    13 December 2012, Sweetcrude, Cape Town – South Africa’s SacOil has been awarded a 100% stake in Block 1 onshore northwestern Malawi.

    Chief executive Robin Vela said the addition of Malawi to the junior’s assets was “in line with SacOil’s strategy of building and developing a uniquely African portfolio…(and) gives effect to our drive to unlock under-explored regions in Africa”.

    The 12,265-square kilometre block is the country’s second largest acreage licence, according to the AIM-listed independent.

    It spans an area abutting the borders with Tanzania to the north and Zambia to the west.

    SacOil sees the block as being on trend with the East African Tertiary rift system and its prolific oil discoveries seen in Sudan, Chad, Kenya and Uganda.

    The initial four-year licence will see a $2 million investment by SacOil in desktop studies and the acquisition of gravity and magnetic data to evaluate the hydrocarbon potential of the block.

    Related News

    Nigeria’s Dangote refinery plans 1.6 mln barrels fuel storage tanks in Namibia, sources say

    Nigeria’s oil rig count hits 46 – NUPRC

    UAE says markets thirsty for oil despite boosts in OPEC+ output

    E-book
    Resilience Exhibition

    Latest News

    Nigeria’s Dangote refinery plans 1.6 mln barrels fuel storage tanks in Namibia, sources say

    July 9, 2025

    Nigeria’s oil rig count hits 46 – NUPRC

    July 9, 2025

    UAE says markets thirsty for oil despite boosts in OPEC+ output

    July 9, 2025

    Ghana warns of power cuts while Italy’s Eni works to boost gas supply

    July 9, 2025

    Battery electric cars produce 73% less emissions -research

    July 9, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.