Offshore Africa

Offshore Africa

In Offshore Africa, Canadian Natural maintains strong relationships with the governments of Cote d’Ivoire and Gabon. These areas provide some of the highest returning projects in the Company. The Offshore Africa assets continue to generate significant free cash flow and considerable light crude oil growth.

Canadian Natural maintains a high working interest in our Offshore Africa assets. This is an area that once again delivers high-value, light crude oil, providing development opportunities with significant exploration upside, we capitalize on strong government relationships and leverage the technical/operational expertise from the North Sea.

Long term plans for Offshore Africa include a cautious and cost conscious approach towards the development of Baobab. At Espoir, we will continue with infill programs, optimizing our facilities. At Olowi, we will sustain and optimize production and in South Africa, we are reviewing the exploratory potential of our offshore block acquired from Ranger Oil in 2000.

Baobab Espoir Olowi South Africa

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