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 Another bad day particularly for WTI, as domestic pressures in the US are at present creating an unpleasant backdrop and the chart looks very wobbly indeed. The dollar strengthened on the back of retail sales and employment data but it was towards China that most heads were turned. The Yu... Friday, August 14, 2015
Oil price The oil price continues to make no headway against a tide of bad news that includes the Chinese trade stats, a strong dollar post the NFP numbers and the further increase in the rig count. Not to mention 32m barrels a day plus from Opec with more to come and the EIA saying on Friday that ... Monday, August 10, 2015
Oil price Last month was not pleasant for the oil price, WTI lost $12.35 or 20.8% of its value whilst Brent shed $11.38 or 17.9%. All the problems have been well documented here and elsewhere but Reuters have confirmed my thoughts that Opec produced 32m b/d in the month, up 140/- b/d. A combination... Monday, August 3, 2015
Afren Plc provides an update on the outcome of the discussions regarding its financial situation. As announced on 15 July 2015, the recently completed operational review has led the Company to expect materially lower near-term production from its assets as compared to the production level assumed i... Friday, July 31, 2015
All 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