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AFRICA

PVD derisks Loba

AFRICAN explorer Pura Vida has decided to stop spending on its permit offshore Gabon until it can find a partner, but believes an improved reserves review of its Loba oil field may be the bait that lures a partner for three wells planned before the PSC expires in January.

Haydn Black
Gabon flag.

Gabon flag.

The company has gone through its share of executive shake-ups recently, but the management team remains focused on finding a partner for the Nkembe block, and the appraisal drilling of Loba.   While...

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