Zambia: Officials hopeful on exploration

Government officials say that nine companies continue to hold on to exploration acreage in Zambia, despite the unfavourable market conditions. Ministry of Mines and Minerals Development permanent secretary Paul Chanda told African Energy that Zambia remained “very confident” that oil and gas will be discovered despite a reduction in the number of companies exploring. Exploration work is currently suspended until after the rainy season which comes to an end in April.“The chances are there that we may discover either oil or gas or both.