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Issue 268 - 20 December 2013

Mauritania: Repsol drills on Ta10

Subscriber

Operator Repsol has spudded the first exploration well in onshore Block Ta10 in the Taoudeni Basin. Partner RWE Dea said the Ouguiya-1 well was being drilled by the Saipem 5893 drilling rig. Its primary targets are Precambrian formations, and the well is scheduled to be completed in Q2 2014. “We are very pleased that, together with our partner, we have commenced this well, which is both challenging from an engineering point as well as being of great interest in geological terms,” said RWE senior vice-president exploration Werner Schwarzhans.

Mauritania
Issue 268 - 20 December 2013

Ghana: Wood Group finds local partner

Subscriber

Energy services company Wood Group has signed a memorandum of understanding with Ghanaian company Hydra Offshore to explore opportunities to provide subsea engineering services to local operators. The Aberdeen-based company said the collaboration would combine the strengths of Hydra Offshore’s subsea engineering capabilities with the technical experience, capability, technology and technical assurance of Wood Group’s global oil and gas business. Hydra is a wholly Ghanaian-owned company providing offshore and subsea engineering services to the oil and gas industry in Ghana.

Ghana
Subscriber

France’s Eranove Group in partnership with Gabon’s state investment fund Fonds Gabonais d’Investissements Stratégiques (FGIS) invites expressions of interest by 30 April from engineering firms to prepare detailed design studies and assist with the project management for the Dibwangui hydropower project on the Louetsi River in the south-eastern region of Ngounié. The low-head project, with an estimated installed capacity of around 15MW, is to be developed by Eranove on a build-own-operate-transfer basis under a 30-year concession signed with FGIS in October 2016.

Gabon
Issue 148 - 18 October 2008

Kosmos seeks more credit for Jubilee

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Kosmos Energy would like more credit for Ghana’s Jubilee field, writes Our Accra Correspondent. Chairman James Musselman argued that his team of Triton Energy veterans who discovered and developed Equatorial Guinea’s deep-water Ceiba field had the experience that field operator Tullow Oil lacked.

Ghana | Equatorial Guinea
Issue 246 - 17 January 2013

AfDB supports Comoros power reform

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The African Development Bank (AfDB) board on 19 December agreed a $3m loan to Comoros to support energy sector reforms, particularly for electricity and financial governance. The reforms aim to strengthen the governance and performance of the energy sector so that it can support the country’s economic development, and to encourage the state to consolidate and deepen the reform of public finance management.

Comoros
Issue 380 - 08 November 2018

Moroccan budget woes drive asset sale

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Recently appointed finance minister Mohammed Benchaâboun is tackling Morocco’s burgeoning budget deficit with reforms that some local observers are calling Thatcherite. The former banker expects to raise funds by divesting the state’s remaining saleable assets, with major privatisations for the first time in a decade.

Morocco
Subscriber

APR Energy faces a significant challenge in removing its temporary power generation equipment from Libya. The company has ten 25MW gas turbine units located at Al-Furnaj in south-eastern Tripoli, Zlitan and Al-Khums on the coast, and Samnu, north-east of Sabha. It also has a further 200MW of diesel generation units installed in Tripoli and at Um Al-Jadwal, south of Sabha. Most of the territory in which the units are installed is under the control of groups allied to the unrecognised Tripoli-based government.

Libya
Subscriber

PA Resources and EnQuest have dropped farm-out plans for the Didon field and Zarat permit after the government failed to give its approval. The news comes as PA Resources plans a shareholder meeting on 27 February to decide whether it should go into liquidation. In May 2013, the companies signed agreements for the transfer of 70% in the Didon producing oilfield and the Zarat permit to EnQuest. In July 2014, PA and EnQuest completed the Didon transaction and put the sale proceeds in escrow awaiting a letter of non-objection from the Tunisian authorities.

Tunisia
Subscriber

Despite restarting production on 21 October after securing bank letters of credit to purchase a 600,000 barrel crude consignment from Nigeria, the Tema Oil Refinery (TOR) continues to operate at well below its 45,000b/d capacity. The refinery has been closed three times since reopening in April 2013, following an eight-month shutdown from mid-2012. TOR public affairs manager Aba Lokko told African Energy the refinery would continue to operate at 28,000 b/d until it received $37.7m from the government, the second tranche of a promised $67.7m finance package to rehabilitate the facility and boost capacity.

Ghana
Issue 158 - 06 March 2009

COMPANIES AND PEOPLE: Baraka, Vaalco

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BARAKA PETROLEUM: Recapitalisation and restructuring; VAALCO: Gabon well plugged, other drilling continues

Mauritania | Gabon
Free

As the East African hydrocarbons race heats up, Tanzania has found bidders for four onshore blocks, but in opening up a new oil province they will have to consider the needs of local communities and the country’s vital tourist industry, writes Thalia Griffiths.

Tanzania
Free

Well before President Abdelaziz Bouteflika emerged predictably triumphant from his campaign to win a fourth term of office, in which the zaïm (charismatic leader) himself player virtually no part, the talk among the Algerian political elite and many of their business partners was of ‘transition’. The enfeebled president was hardly able to function following his stroke last year, underlined by his halting performance taking the oath of office on 28 April; but there was consensus within the ruling elite that the Bouteflika IV administration would herald a period of transition, modernising the apparatus of state and functioning of the economy.

Algeria
Subscriber

Tullow Oil has been appraising the Kasamene field on Uganda’s Block 2 ahead of first oil planned in Q4 2011. Tullow exploration manager Robin Sutherland told Global Pacific & Partners’ African Petroleum Forum in London on 13 April that, despite the logistical problems, Tullow was keen to bring a rig in to drill in Lake Albert, and would bring in the parts to build an offshore

Uganda
Issue 212 - 02 July 2011

TangerMed fuel terminal to open

Subscriber

A new fuel storage terminal at Tangier port is set to open in September as a significant element of the $1.6bn scheme to make the previously down-at-heel northern Moroccan port a major regional transport hub

Morocco
Issue 377 - 28 September 2018

DR Congo: BBOXX partners with GE

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Off-grid solar company BBOXX and General Electric (GE) announced the launch of a partnership in the Democratic Republic of Congo on 25 September. BBOXX expanded into the country earlier this year, forming a partnership with Victron Energy to supply larger solar systems to businesses in Goma as well as trialling mini-grids. In June, BBOXX signed an agreement with the government to roll out 300,000-400,000 solar systems over five years.

DR Congo