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PetroPlus

Description

Luanda (Angola) based PetroPlus Overseas is a private company, which specializes in the exploration and exploitation of hydrocarbon fields. It invests in projects with high development potential, principally in Africa, but with the aim of eventually expanding its operations to other continents.

PetroPlus is conducting its activities principally in Africa. After acquiring two concessions covering an area of almost 85 000 km² in the Taoudeni Basin in Mali in 2011, it signed an Exploration and Production Sharing Agreement (EPSA) with the Gabonese government for two oil fields in 2012. The contract, confirmed by presidential decree in 2013, relates to an exploration permit for the Hyembe concession as well as an exploitation permit for the Espadon concession.

PetroPlus is also considering several development projects on the same continent, and is actively interested in purchasing oil fields in Tanzania, Morocco, Chad and the Gambia.

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