Agriterra’s Legacy Ethiopia Oil Interests Estimated at 2.7 Billion Barrels
Agriterra’s legacy oil interests in Ethiopia are estimated at 2.7 billion barrels according to a new report. he projected figure is a best case gross un-risked estimate derived from an independent review carried out on the South Omo concession according to African Oil which is a partner in the venture.
Agriterra has 20% state in the concession and Africa Oil owns 30% while Tullow Oil owns the remaining 50%.
It is to be remembered that Tullow has already made oil discoveries at the concession it is prospecting in Kenya and which is located in the same system as South Omo.
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