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Issue 152 - 12 December 2008

White Nile switches focus to agriculture

Subscriber

Philippe Edmonds’ White Nile Ltd has announced plans to change its name to Agriterra and focus on African agriculture, following its problems in the Government of Southern Sudan (GOSS) region. “Due to certain situations beyond the control of the board, including the fluctuating political situation in Southern Sudan and the current global economic downturn,

Sudan
Issue 363 - 15 February 2018

DR Congo: Kabila signs Comico decree

Subscriber

President Joseph Kabila signed a decree on 1 February approving a production-sharing agreement (PSA) for three blocks in the Cuvette Centrale Basin. The agreement was originally signed in 2007 between the Congolese state and the Comico-Cohydro joint venture of Compagnie Minière du Congo and the state-owned Congolaise des Hydrocarbures for the exploration and development of blocks 1, 2 and 3 of the basin.

DR Congo
Subscriber

London-based Aminex has appointed io oil & gas consulting, a joint venture of GE Oil & Gas and McDermott, to prepare a gas commercialisation study for the development of the Ntorya field. The study is designed to identify gas monetisation options, including potential early development facilities to supply the local market and enable near-term revenue generation. The Ntorya-2 appraisal well was drilled earlier this year and suspended for future production.

Tanzania
Subscriber

Ahead of the new hydrocarbons law’s publication, and with a new licencing round still to come, Sonatrach is looking to promote offshore exploration. Northern Algeria exploration director Mohand Saïd Mala told the 4-6 November Algeria Energy Future conference in Algiers that a first well could be drilled within two years, with the state energy company operating in partnership with an international oil company or going it alone of no suitably qualified IOCs avails itself.

Algeria
Issue 415 - 15 May 2020

Zenith completes AAOG acquisition

Subscriber

Zenith Energy on 5 May announced completion of the acquisition of Anglo African Oil & Gas Congo from its AIM- listed parent company. AAOG Congo operates the Tilapia oilfield with a 56% interest. The terms of the acquisition were amended in April so that Zenith acquired a 56% interest in Tilapia, plus $5.3m in receivables owed by Société Nationale des Pétroles du Congo, for just £200,000.

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Following concerns that political indecision and potentially competing projects might significantly delay Morocco’s estimated $4.6bn integrated liquefied natural gas (LNG) and gas-to-power (GTP) scheme, further advisory contracts will be signed soon and key decisions are expected by year-end, Energy, Mines and Sustainable Development Ministry secretary-general and deputy minister Abderrahim El-Hafidi said on 7 June.

Morocco
Issue 247 - 31 January 2013

Libya faces new regional security threat

Subscriber

Until now, analyses of Libyan security risk have focused on the large numbers of weapons in circulation and the central government’s inability to impose its authority on unruly local militias, some of which have extreme Islamist agendas. But, following the In Aménas attack in Algeria, Tripoli now also has to develop a strategy in partnership with neighbouring governments, including those in Tunis, Algiers and Cairo, to combat the emerging threat of regionally orchestrated Al-Qaeda attacks.

Libya
Subscriber

Anglo Africa Oil & Gas (AAOG) has raised £10.6m ($13m) via a listing on London’s AIM market to finance the acquisition of Petro Kouilou (PK) and the development of the Tilapia oil field. PK has a 56% interest in Tilapia. The other 44% is owned by state oil company Société Nationale des Pétroles du Congo. PK acquired the interest in Tilapia from French businessman Gérard Bourgoin’s Prestoil Kouilou in 2012.

Congo Brazzaville
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Houston-based Hyperdynamics has warned of renewed cash problems as legal costs related to its Guinea operations loom. Tullow Oil took over as operator in the country’s offshore acreage earlier this year and will carry Hyperdynamics for up to $100m on its share of costs of a well planned for H1 2014, but the company is in dispute with AGR Well Management over cost overruns from the Sabu-1 dry well drilled in 2011, and is also under investigation by the US Department of Justice over potential breaches of the Foreign Corrupt Practices Act (AE 263/18).

Guinea
Issue 250 - 14 March 2013

Comoros: Cove team in new venture

Subscriber

The Cove Energy team’s new venture in the Comoros Islands has won backing from Amsterdam-based Oranje-Nassau Energie. Discover Exploration has a production-sharing contract (PSC) covering 18,0000km2 over the outboard part of the Rovuma Delta, geologically on trend with Cove’s former Mozambique acreage. Discover’s management team is led by Cove veterans Michael Blaha, John Craven and Michael Nolan, while Oranje-Nassau Energie chairman Marcel van Poecke, chief executive Alexander Berger and board adviser Paddy Spink are on the Discover board as non-executive directors.

Comoros
Issue 311 - 06 November 2015

Somalia: Revenue-sharing agreement

Subscriber

The federal government of Somalia signed a preliminary agreement with the federal member states on 21 October on the sharing of revenue from petroleum and mineral resources. Petroleum and mineral resources minister Mohamed Muktar Ibrahim told the Africa Upstream conference in Cape Town that the government aimed to establish a common vision on ownership, control, and how the state’s share of revenue could be distributed among all Somalis, federally, regionally and locally. In the absence of a central policy, federal states such as Somaliland and Puntland have conducted their own licensing.

Somalia
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The official Kenya Gazette on 13 May published coordinates for revised exploration blocks, creating new blocks from relinquished areas. Kenya now has 63 blocks in total, of which 37 are located in the Lamu Basin, seven in the Anza Basin, five in the Mandera Basin and 14 in the Tertiary Rift. Senior principal geologist Hudson Andambi told African Energy that Kenya would continue to offer blocks by direct negotiation rather than organising a licensing round because the country was still at the early stages of exploration and had insufficient geological data to support a full bidding round.

Kenya
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Since his appointment in November, the new TFG premier has been silent about his energy policies, but in the next few weeks all could be revealed with speculation that a long-awaited oil agreement between Somalia and the breakaway Puntland could be announced.

Somalia
Subscriber

France’s Total has taken over African Petroleum Corporation’s Rufisque Offshore Profond Block and will also explore the ultra-deep. Total said on 2 May it had signed an exploration and production-sharing contract for the 10,357km2 block, which it will operate with a 90% interest, alongside Société Nationale des Pétroles du Sénégal (Petrosen), which holds 10%. Total also signed a cooperation agreement with Petrosen and the Ministry of Energy and Renewable Energy Development to carry out studies to assess the exploration potential of Senegal’s ultra-deep offshore and become operator of an exploration block.

Senegal
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Sierra Leone has provisionally awarded eight blocks to a mixed bag of bidders following a licensing round which opened in December. A statement from State House on 9 July said the nine blocks on offer had attracted 59 applications.

Sierra Leone