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Subscriber

Schlumberger has pulled out of Ophir Energy’s Fortuna floating liquefied natural gas project after failing to agree terms, but Ophir says it is in talks with other potential partners and expects a final investment decision (FID) in Q4 this year.Ophir announced a non-binding heads of terms agreement with Schlumberger in January for upstream participation. Ophir said Schlumberger had completed technical due diligence but the companies had been unable to finalise the transaction.

Equatorial Guinea
Subscriber

Eni announced on 9 May that it had completed the ramp-up of the Ochigufu field on Block 15/06 of Angola’s deep offshore, reaching the production plateau of 24,000 b/d. The field started up on 16 March and allows Eni’s operated production from block 15/06 to stabilise above 150,000 b/d, in line with a goal of adding 54,000 b/d to the block’s production by 2019.

Angola
Free

The semisubmersible Transocean Marianas has been contracted by PetroSA for four wells starting in May. The rig, which can drill at depths of up to 9,100 metres, will be working at a day rate of $370,000 until March 2015, Transocean said in its latest fleet status report. The rig has been idle in Cape Town harbour since drilling three non-commercial wells offshore Namibia for Brazil’s HRT last year.

South Africa
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Tullow Oil’s sale of two-thirds of its Uganda assets to Total and CNOOC has finally been completed. The long-awaited $2.9bn deal, which was initially announced in 2010, follows the recent signing of new production- sharing agreements between Tullow and the government and the granting of the Kingfisher production licence (AE 225/1). It is expected that early small-scale oil and gas production for the local power market will start in 2013 from the Nzizi, Mputa and Waraga fields in the Kaiso-Tonya area, with the partners now anticipating that major production from the Lake Albert Basin will start in 2016. A basin-wide plan of development will be put before the government for approval later this year.

Uganda
Issue 317 - 11 February 2016

Mauritania: Sterling quits C-3

Subscriber

Sterling Energy has opted to withdraw from offshore Block C-3, assigning its 40.5% stake to Tullow Oil at no cost. The company, which farmed into the block in February 2015, said the 2D seismic data had “not sufficiently derisked the block potential” to justify entering the next exploration phase, which involves 700km2 of 3D seismic and a well, but it remained committed to the adjacent Block C-10, where it farmed in in June. A well is planned on C-10 in 2017.

Mauritania
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AFREN: Share placing; CAITHNESS PETROLEUM: Cabre takes new Moroccan block; CAMAC/PACIFIC ASIA: Long-term relationship starts with stake in Nigeria’s Oyo field; Hydrocarbons measurements

Nigeria | Morocco
Issue 271 - 17 February 2014

Angola: Total pulls out of 15/06

Subscriber

Total has pulled out of the Eni-operated offshore Block 15/06, selling its 15% stake to Sonangol E&P for $750m. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively manage its portfolio and focus its investment capability on core assets in which it has more material interests, such as Block 17 with the CLOV project currently under development and the future development of Kaombo on Block 32 in Angola,” said senior vice-president Africa Total Exploration and Production Jacques Marraud des Grottes.

Angola
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Libya will allow UK-based supermajor BP to go ahead with its planned deep-water offshore drilling which it plans to begin this July, despite questions which have been raised about the safety of the technology

Libya
Issue 228 - 30 March 2012

COMPANIES AND PEOPLE

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Following Dragon Oil’s decision to drop its bid for Bowleven on 26 March reported a narrowing pre-tax loss for the six months to 31 December of $5.495m and a loss per share of $0.02; Nigerian conglomerate Oando is increasing its upstream activity, with three rigs now in operation and a fourth due in service by year-end

Cameroon | Nigeria
Issue 159 - 20 March 2009

Petronas to quit Taoudeni blocks

Subscriber

Australia’s Baraka Petroleum has announced that Petronas plans to withdraw from the joint venture exploring blocks Ta-11 and Ta12 in the onshore Taoudeni Basin.

Mauritania
Issue 361 - 18 January 2018

Ghana: ExxonMobil in talks for DWCTP

Subscriber

The Ministry of Energy is in talks with ExxonMobil for the Deepwater Cape Three Points (DWCTP) Block, with a petroleum agreement due to be signed as African Energy went to press. The block was previously operated by Vanco Energy Company, and then by Lukoil. It lies some 150km offshore in water depths ranging from 2,000 to 4,000 metres.The block is geologically analogous to Guyana, and the ministry said ExxonMobil’s Payara discovery had positive implications for DWCTP.

Ghana
Subscriber

Fiscal reforms lie at the centre of amendments to Algeria’s hydrocarbons law, which prime minister Abdelmalek Sellal’s new government approved in late September, but which still must be published and passed by parliament

Algeria
Issue 196 - 23 October 2010

New Rovuma find for Anadarko

Free

Anadarko Petroleum Corporation’s Barquentine well has made another gas find in Offshore Area 1 of the Rovuma Basin

Mozambique
Issue 184 - 17 April 2010

IMC Geo worker killed in ambush

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A British geologist working for IMC Geophysics has been shot dead in an ambush in the Ogaden region.

Ethiopia
Issue 154 - 09 January 2009

New discovery for Dana Gas

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Sharjah-based Dana Gas has announced a gas and condensate find at its El Basant-2 well in the Nile Delta, 1.4km north-east of the El Basant-1 discovery (previously known as El Tawil-1) in the West El Manzala Concession.

Egypt