Africa's upstream oil and gas sector witnessed several significant transactions in 2023. Apex successfully acquired interests in six concessions in Egypt from Eni, marking a strategic move in field acquisition with a deal value of 45 million USD.
The Nigerian National Petroleum Corporation (NNPC) also completed a notable transaction by acquiring multiple licenses from Addax Petroleum, amounting to a deal value of 38 million USD.
These transactions collectively reflect the dynamic and evolving nature of Africa's upstream oil and gas industry in 2023.
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