SacOil Enters Malawi
SacOil has won an exploration license in Malawi. The South African company was awarded access to the 12,200 sq km Block 1 in the northwest region of the country.
The four-year exploration license can be renewed twice for three-year periods as results are evaluated, according to a statement by the company.
“This is in line with SacOil’s strategy of building and developing a uniquely African portfolio,” CEO Robin Vela said in the statement. “It gives effect to our drive to unlock underexplored regions in Africa.”
SacOil also has exploration licenses in the DRC and Nigeria.
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