Africa-focused Afentra is eyeing the possibility of acquiring stakes in untapped oil discoveries offshore Angola close to producing assets in which it has built up a sizeable holding.

Led by chief executive Paul McDade, Afentra is close to wrapping up a deal to buy Azule Energy’s interests in Sonangol-operated blocks 3/05 and 3/05A where gross production averaged 19,100 barrels per day in June.