Afren plc is an international independent exploration and production (E&P) company with a Premium Listing on the London Stock Exchange (symbol AFR) and a constituent of the FTSE 250 Index.
Afren is a dynamic, entrepreneurial organisation with a portfolio ofworld-class assets located in several of the world’s most prolific and fast-emerging hydrocarbon basins in Africa and the Middle East. Our activities span the full-cycle E&P value chain of exploration, appraisal, development through to production. Our success depends on our ability to deliver long-term value for all our stakeholders through a clear and consistent strategy, which recognises that our responsibilities go beyond our operations.
To leverage our track record of operational delivery and effective portfolio and financial management our business has been strategically positioned into three core business units, Nigeria and other West Africa, Afren East Africa Exploration and the Kurdistan region of Iraq.
Latest Afren PLC News
Oil price The oil price drifted last week mainly as a result of the conclusion of the Iran nuclear talks. I detailed the time-frame in the blog which implies exports of crude maybe early next year but as for floating storage it is more a case of gentlemen start your engines, with tankers already he... Monday, July 20, 2015
Afren Plc provides an operational and financial update. As part of an ongoing review of the business plan, it has become clear that the expected level of near-term production is likely to be materially lower as compared to the assumptions announced alongside the proposed Restructuring on 13 March 2... Wednesday, July 15, 2015
Afren Plc announces a number of changes to its Board of Directors. Mr Egbert Imomoh, Chairman of the Board of Directors, and each of the non-executive directors, being Mr Toby Hayward, Mr Patrick Obath, Ms Sheree Bryant and Mr Iain McLaren have notified the Company that they will not stand for re-e... Thursday, June 25, 2015
Oil price Last week the oil price fell a little, WTI was down 35 cents while Brent lost 85 cents amid various worries primarily led by substantial stock positions. Although the US inventory figures showed a continued draw, worldwide tankers are fully loaded and with deadline day in the Iran talks o... Monday, June 22, 2015
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Afren Plc announces that Mr. Darra Comyn has given notice of his resignation as Group Finance Director of Afren. The Company also announces that David Thomas has been appointed to the position of Chief Operating Officer of Afren with effect from 8th June 2015. Resignation of Executive Director: Fo... Monday, June 15, 2015