COPL, Shoreline form Africa partnership

The duo’s new Bermuda-registered 50/50 vehicle Shoreline CanOverseas Petroleum Development Corporation, or ShoreCan, has taken positions in five offshore blocks in Tanzania and Nambia, the companies said.

ShoreCan is also evaluating a variety of assets in Nigeria, Ghana, and Mozambique, they said.

COPL chief executive Arthur Millholland said that the company had teamed up with an indigenous player with a strong track record to work together with an initial focus on cash-generating low-risk assets.

Shoreline