United States Independent Duma Energy could be about to make further splashes in the African market as it sizes up a number of concessions on the continent. The Houston-based player said it was in talks over possible Production Sharing Contracts (PSC) in three major African countries, which it did not identify. The explorer has just received an oil concession development report from its exploration partner Hydrocarb Energy, which has identified three main exploration plays in Africa in the past year.
Though Duma said it had focused in Central and East African rift systems, it also said it was looking at additional evaluations of an offshore West African play. "All basins under review have proven active hydrocarbon systems and appear to have tremendous potential," Duma said on Wednesday. "Adjacent to the contract areas been pursued, there are proven reserves already discovered with billions of barrels".
US-focused Duma already has a foothold in the African market as it has a 39 per cent working interest in Owambo blocks 1714A, 1712, 1814A and 1815A in northern Namibia. Hydrocarb Namibia is the operator of the onshore block which covers 5.3 million acres in the Owambo basin.
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