{"id":460873,"date":"2018-07-06T13:01:23","date_gmt":"2018-07-06T12:01:23","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460873"},"modified":"2018-07-06T13:01:23","modified_gmt":"2018-07-06T12:01:23","slug":"zambia-african-oil-company-chosen-to-conduct-exploration-work","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/06\/zambia-african-oil-company-chosen-to-conduct-exploration-work\/","title":{"rendered":"Zambia: African oil company chosen to conduct exploration work"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Zambian government has chosen Oranto Petroleum, one of Africa&#8217;s leading oil<\/p>\n<p>companies, to conduct oil exploration work in the country.<br \/>\nUnder the terms of the agreement signed on Thursday, June 28, the company will hold a 90% stake in the two exploration blocks and Zambia Consolidated Copper Mining Investment Holdings (ZCCM-IH) and the remaining 10% will be held by the company. government.<\/p>\n<p>&#8220;Oranto Petroleum intends to implement an aggressive work program to increase the level of prospectivity of one of the last truly frontier markets in the world,&#8221; said company president Prince Arthur Eze in a statement. a statement.<br \/>\nAccording to him, &#8220;the company is determined to transform Zambia into an oil and gas producing nation&#8221;.<br \/>\nThe agreement also requires the conduct of geological and geophysical studies during the first two-year period.<\/p>\n<p>Oranto Petroleum and its sister company, Atlas Petroleum International, are present throughout the African continent and hold 22 oil and gas licenses.<br \/>\nIn addition, Tullow Oil is conducting exploration work in the north of the country.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Zambian government has chosen Oranto Petroleum, one of Africa&#8217;s leading oil companies, to conduct oil exploration work in the country. Under the terms of the agreement signed on Thursday, June 28, the company will hold a 90% stake in the two exploration blocks and Zambia Consolidated Copper Mining Investment Holdings (ZCCM-IH) and the remaining<\/p>\n","protected":false},"author":533179,"featured_media":460877,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12028],"tags":[15079,15078],"class_list":{"0":"post-460873","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-energy","8":"tag-african-oil-company","9":"tag-zambia","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Zambia: African oil company chosen to conduct exploration work - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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