CAPE TOWN, March 6 (Reuters) - Canada's Africa Oil

Corporation ( AOIFF ) will double its Nigerian output and the

size of its reserves there once it completes its deal for full

ownership of Prime Oil next Tuesday, a senior company executive

said.

Africa Oil ( AOIFF ) will increase to full ownership its shareholding

in Dutch entity Prime Oil & Gas Coöperatief, whose main assets

include indirect stakes in deep-water producing Nigerian fields

operated by TotalEnergies and Chevron ( CVX ).

"On closing of that deal we will significantly change the

scale of our business, we will double production, we double

reserves and significantly boost our liquidity position," Oliver

Quinn, chief commercial officer at Africa Oil ( AOIFF ) told Reuters.

Once the deal is complete, Africa Oil ( AOIFF ) expects to produce

around 35,000 barrels per day, he said.

"They are very significant value barrels because they have

very low lifting cost of under $10, so the margin on the barrels

is high and typically sell at premium to Brent," said Quinn.

With its partners, Africa Oil ( AOIFF ) said an infill drilling

campaign was planned this year to maintain output in mid-life

fields.

Besides Equatorial Guinea and Nigeria, the company is also

present in Namibia's prolific Orange Basin via a 40% stake in

Impact Oil and Gas with exposure to the Venus discovery.

Operator TotalEnergies expects to take a final investment

decision in 2026 and propel Namibia to becoming an oil exporter

at the turn of the decade.

"Our focus is to add to the cash generation machine, which

runs through the decade while on the backend Namibia Venus comes

onstream and then we have significant growth in that asset,"

Quinn said.