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Arthur Eze's Oranto Petroleum has lost block B3 in South Sudan after Juba refused to renew the permit over a lack of mandatory work on the site.
South Sudan has declined to renew Oranto Petroleum's Block B3 licence after Arthur Eze's company failed to conduct seismic surveys, drill a single well or meet financial obligations since 2017.
Arthur Eze built Africa's biggest private oil portfolio by cultivating presidents and generals, almost never drilling a well, and flipping blocks to oil majors for enormous profit.
Brazil's Petrobras has agreed to acquire a 75% operating interest in Block 3 offshore São Tomé and Príncipe from Arthur Eze's Oranto Petroleum, its latest move in a fast-expanding African exploration portfolio.
Arthur Eze’s Atlas Petroleum lost its Block I stake after payment disputes with Chevron, as Equatorial Guinea moves to secure gas development.
Liberia watchdogs question Oranto Petroleum’s return to offshore blocks, urging tougher vetting as Arthur Eze-linked deals move toward new contracts.
Atlas Oranto spent $45 million on Senegal exploration and staff training before the government revoked its offshore license.
Nigeria’s innovation minister wants business leaders at the table, betting new partnerships can turn research into factories, jobs and exports.
Prince Arthur Eze parlayed state TV contracts, military friendships and a royal name into Atlas Oranto, a sprawling African oil empire now under scrutiny from reform-minded governments.
Liberian MPs have urged colleagues to reject production-sharing deals with Arthur Eze’s Atlas Oranto, citing a chequered record and opaque terms. The Boakai administration says the agreements will revive offshore exploration.
Nigerian billionaire Arthur Eze’s Atlas Oranto wins four oil blocks in Liberia, boosting the nation’s energy sector revival.
Prince Arthur Eze founded oil exploration and production company, Atlas Oranto, in 1991, and built it into one of Africa’s largest independents.
Oranto Petroleum Limited, owned by Nigerian billionaire Arthur Eze, recently saw its oil exploration licenses in Uganda’s Kikuube district, expire.