Independents, other companies find opportunity in basins off West Africa

Numerous independents have acquired sizable acreage in low producing or nonproducing countries in West Africa, and several have advanced to discovery and production stages.Many have found their prospects by studying seismic information collected decades ago by the majors.Today's companies see economic opportunities in this cyclic business, whereas earlier players did not consider the region worth their effort at the time for various reasons including lack of deepwater operating technology and low oil and gas prices. Click here to enlarge imageThese independents' management teams report warm receptions from the various governments. It's a region where executives of small oil c...

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