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Subscriber

Tanzania Petroleum Development Corporation (TPDC) has notified operator Aminex that it plans to take a 5% working interest in the Kiliwani North development licence. Under the terms of the Nyuni East Songo-Songo production-sharing agreement which governs the Kiliwani North licence, TPDC has the right to take up 5%, in exchange for reimbursing the joint venture partners with the parastatal’s proportionate share of development capital expenditure on the licence to date. On conclusion of the back-in, Aminex’s interest will fall to 55.575% from 58.5% now.

Tanzania
Issue 366 - 06 April 2018

Algeria: First gas from Timimoun

Subscriber

Total announced the start of gas production from the Timimoun field in south-western Algeria on 29 March. The production complex with a capacity of around 5mcm/d of natural gas at plateau (around 30,000 boe/d) is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%).“The launch of Timimoun is a new step in the group’s history in Algeria, where we are a long-term partner. Achieved within the planned budget, the project will contribute to Total’s production growth in 2018,” said Total Exploration & Production president Arnaud Breuillac.

Algeria
Subscriber

The first shipment of crude contracted by the House of Representatives (HoR)-appointed management of National Oil Corporation in Al-Bayda will be loaded this month and transported to a major shipping port in Europe. “I am going to break this thing, Insha’Allah,” Edward Loyd, chief executive of California-based Loyd Capital Partners, told African Energy on 9 March. He said the HoR-aligned Central Bank of Libya had just issued a letter confirming the bank account to which payment for the crude should be made.

Libya
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Nigeria’s RoyalGate Energy has said it will drill a well on Block Z in Q1 2016 but declined to comment on whether it had secured a rig. RoyalGate said the Z-1 well would target the Tulip Upper Isongo discovery and Tulip Massive Isongo prospect. “Unfortunately, we cannot give out information about the rig contract at this time,” the company told African Energy.

Equatorial Guinea
Issue 239 - 21 September 2012

Bowleven agrees farm-in

Free

Cameroon-focused Bowleven has entered into a farm-in agreement to acquire a 50% equity interest in onshore Block 11B in northwest Kenya, from East Africa specialist Chris Matchette-Downes’ Adamantine Energy.

Kenya
Issue 198 - 19 November 2010

Apache completes BP acquisition

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Houston-based Apache Corporation has completed the acquisition of BP’s oil and gas operations, acreage and infrastructure in Egypt’s Western Desert.

Egypt
Issue 216 - 24 September 2011

New firm takes first PSA

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Guernsey-registered Oyster Oil and Gas has signed the first production-sharing agreement with the government for onshore blocks 1, 2 and 4 and offshore Block 3. The blocks are situated in the Guban Basin and Red Sea Basin

Somalia
Issue 167 - 18 July 2009

Equatorial Guinea: Family business

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Human Rights Watch’s new report lists a number of business dealings between relatives of President Obiang and US

Equatorial Guinea
Subscriber

ALGERIA: More success for Petroceltic; ANGOLA: Cabinda Onshore drilling; CONGO-B: SOCO announces Viodo appraisal success; NIGERIA: Afren completes appraisal well

Angola | Congo Brazzaville | Algeria
Subscriber

Attempts to market crude oil separately from the established system controlled by National Oil Corporation (NOC) in Tripoli have intensified in the aftermath of the collapse of United Nations’ unity government proposals. African Energy has learned that two small Dubai-based oil traders have struck a deal with the rival Cyrenaica-based NOC management to lift a cargo of crude from Arabian Gulf Oil Company (Agoco)’s Marsa Al-Hariga terminal in early November. Even if this deal does not succeed, muscular international intervention is probably now needed to prevent Prime Minister Abdullah Al-Thinni’s increasingly desperate and frustrated government in Tobruk from pushing a similar transaction through before long.

Libya
Issue 298 - 18 April 2015

Cabinet adopts new hydrocarbons bill

Subscriber

A cabinet meeting on 25 March approved a draft hydrocarbons bill that aims to bring Congo’s oil and gas legislation into line with the legal and tax frameworks in other member states of the African Petroleum Producers’ Association. The bill will be submitted to parliament for discussion and adoption. A government statement said the law updates the existing 1994 code, granting the state Société Nationale des Pétroles du Congo (SNPC) exclusive rights to mining titles, with the possibility of forming partnerships with local and foreign companies. A local content provision establishes a minimum 15% share for local private companies in production-sharing contracts.

Congo Brazzaville
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London Stock Exchange-listed Gulf Keystone Petroleum (GKP), an independent explorer that has made a number of discoveries in Algeria’s Hassi Ba Hammou perimeter, says it does not expect to encounter problems when the time comes to raise finance to bring the field into production.

Algeria
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A consortium of Sasol Petroleum International, Statoil and Chesapeake Energy Corporation has decided not to apply for shale gas exploration rights in the Karoo Basin, following a 12-month study.

South Africa
Issue 246 - 17 January 2013

Egypt: Ganope bid round

Subscriber

Ganoub El-Wadi Petroleum Holding Company (Ganope) launched a new licensing round on 30 December, offering 20 exploration blocks. Eleven of the blocks are in the Western Desert, five in the Gulf of Suez and two each in the Eastern Desert and Red Sea. The round is due to close on 30 May.

Egypt
Subscriber

Hyperdynamics is preparing to drill a well on the Fatala prospect but concedes “it’s hard to see a path forward” if it fails to find hydrocarbons. “We’ve put everything into this one well, we’ve put all the risk factors we can into it, so we think this is a pretty good chance of success. If the well does not come in, it’s hard to see a path forward, but it’s a five to ten times upside if it does come in, so that’s the risk/reward,” president and chief executive Ray Leonard told the Oil Capital conference in London on 11 May.

Guinea