Oil discovered in Maersk's new Africa licenses

After paying USD 365 million for oil licenses in Africa, the Danish oil company can look forward to a share of a new high quality oil discovery. The license transactions are still awaiting regulatory approval.
Photo: Tullow Oil
Photo: Tullow Oil
BY MATHIAS ØRSBORG JOHANSEN, ENERGIWATCH

Maersk Oil's USD 365 million investment in five African oil licenses is now paying off.

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