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Issue 183 - 26 March 2010

Tullow to reduce Kudu stake

Subscriber

Tullow Oil is set to reduce its stake in the Kudu gas field to 31% from 70% as the government brings in Russia’s Gazprom as a new partner, according to Namibian officials.

Namibia
Subscriber

Tullow Oil’s Kenya Block 10BB well results have potentially huge implications for exploration in adjacent blocks 10BA, 12A, 13T, and also across the border in Ethiopia’s South Omo Block

Kenya | Uganda | Ethiopia
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Russia’s Soyuzneftegaz Capital Limited has increased its stake in London-based Sterling Energy to 11.14%. Sterling has not commented on the holding, but executive chairman Alastair Beardsall and several of his team previously ran Emerald Energy, in which Soyuzneftegaz invested and which was sold to Sinochem in 2009. Headed by former Russian energy minister Yuri Shafranik, Soyuzneftegaz describes its strategy as identifying “promising projects at an early stage of their development.

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The Ministry of Mines and Hydrocarbons announced on 4 December that ExxonMobil has submitted a Notice of Discovery for the Avestruz-1 (Ostrich) well on Block EG-06 and is evaluating its commercial potential and possible development options. ExxonMobil signed a contract in 2015 for the block, which lies southwest of Block B, which contains the Zafiro field, and north of Ophir Energy’s Block R, where the Fortuna gas field is under development.

Equatorial Guinea
Issue 320 - 24 March 2016

DRC pulls out of JDZ deal

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Democratic Republic of Congo’s new hydrocarbons minister has rejected an agreement on the offshore Joint Development Zone (JDZ) with Angola and demanded compensation after an Angolan presidential decree in December transferred two fields out of the joint zone into Chevron’s Block 14. On 16 February, André Ngoi Mukena Lusa Diese sent a letter to his Angolan counterpart, José Maria Botelho de Vasconcelos, rejecting the two countries’ 30 July 2007 agreement for the exploration and production of hydrocarbons in the JDZ, a 10km-wide corridor across Angolan offshore blocks 1, 14, 15 and 31 (AE 264/17).

DR Congo | Angola
Free

Plans by Kosmos Energy and partner Cairn Energy to drill a well next year in a Moroccan-licensed block in the Western Sahara continue to provoke intense interest among oil companies excited by the disputed territory’s offshore potential, as well as political debate among the traditional protagonists. The territory is Moroccan-controlled, but officially under United Nations mandate, and debate centres on a legal opinion issued by UN general counsel Hans Corell in 2002, which stated that exploration and extraction of mineral resources in Western Sahara would be illegal “only if conducted in disregard of the needs and interests of the people of that territory”. This has allowed Morocco’s Office Cherifien des Phosphates to maintain output from its Phosboucraa subsidiary, which is a major employer in the region. However, the Corell judgment – which one official told African Energy, “we’ve all been re-reading recently” – has been generally interpreted as excluding new E&P work.

Morocco
Issue 284 - 12 September 2014

Egypt: IPR farms into South Disouq

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Canada’s Sea Dragon Energy has farmed down a 45% stake in the gas-prospective South Disouq concession in the Nile Delta to US privately owned explorer IPR Energy Resources. Sea Dragon said that Dallas-based IPR had agreed to carry the cost of the first-phase commitment well subject to a cap as well as fund a share of the remaining work programme and pay $1.9m of signature bonus. In return, IPR will gain a 45% non-operatorship interest in the 1,275km2 permit, awarded to Sea Dragon Energy in April 2013 following a bid round organised by Egyptian Natural Gas Holding Company.

Egypt
Issue 176 - 11 December 2009

Berkine: the ‘new Hassi Messaoud’

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It has been a year of crucial developments in the Berkine Basin, where Gazprom entered as an upstream player in the first Alnaft round, at El Assel (blocks 236b and 404a1, operated by Sonatrach) and Eni came in with the purchase of First Calgary Petroleum’s Menzel Ledjmet holding.

Algeria
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Despite his incapacities, President Abdelaziz Bouteflika, with his Prime Minister Abdelmalek Sellal, has spent recent weeks giving the impression of action at the top. New senior management is bedding in at national oil company Sonatrach, and military promotions on independence day, 5 July, signalled business as usual, even if there is still no movement on the retirement of key players such as military intelligence chief General Mohamed ‘Tewfik’ Mediene and chief of staff and deputy defence minister Lieutenant-General Ahmed Gaïd Salah.

Algeria
Issue 246 - 17 January 2013

Ophir farms in to Offshore Accra

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Ophir Energy has entered Ghana with an agreement to farm in to the Offshore Accra contract area, taking over as operator from Australia’s Tap Oil. A 3D seismic survey was acquired over the deep-water portion of the block in 2011, and Ophir will drill the Starfish-1 well planned for later this year.

Ghana
Issue 201 - 21 January 2011

Algeria: Petroceltic progress at AT-4

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Ireland’s Petroceltic International has announced that well AT-4 on its Isarene permit in the Illizi Basin confirmed the presence of a gas column

Algeria
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Plans to drive Gabon’s industrial development using gas have been significantly delayed by the problems associated with securing feedstock for flagship projects – led by a fertiliser scheme that developer Olam International has said will require 750bcf of gas supply over a 25-year period to become one of the world’s lowest-cost producers. Efforts to stop oil companies flaring on their offshore acreage – of which Gabon is one of the persistent offenders – should provide a source of gas for various projects, but so far the government has been unable to secure deals with potential suppliers such as Perenco, Royal Dutch Shell or Total to supply the Gabon Fertilizer Company (GFC) plant.


Gabon
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Egypt: Oceaneering contract for WDDM
Saipem has given Oceaneering International a contract to supply umbilicals for theWest Delta Deep Marine Phase 9a development in the Mediterranean. TheWest Delta Deep Marine Block is operated by the Burullus Gas Company joint venture of Egyptian General Petroleum Corporation, BG and Petronas, which gave Saipem a contract for subsea developments in June 2011. Deep-water development Phase 8b began gas production in June 2012. The Oceaneering order consists of ten subsea production control umbilicals totalling 84km in length and two electrical power cables totalling 55km in length. Manufacturing will take place at Oceaneering’s facility in Rosyth, Scotland, and is expected to start in Q2 13 and be completed in Q3 14.

Egypt: Ganope extends bid round deadline
Ganoub al-Wadi Petroleum Holding Company (Ganope) has put back the deadline for its licensing round to 30 June from 30 May. Of the 20 blocks on offer, 11 are in in the Western Desert, two in the Eastern Desert, two in the Red Sea and five in the Gulf of Suez. The Ministry of Petroleum aims to have three bid rounds per year: one each for Egyptian General Petroleum Corporation, Egyptian Natural Gas Holding Company and Ganope, but uncertainty following the country’s political upheavals has recently led to delays in the process.

Egypt
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Chariot Oil and Gas has opened a data room to find a farm-in partner for its Namibian exploration and production play, exciting further market interest

Namibia
Issue 411 - 12 March 2020

Cameroon: Tower finds Thali partner

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AIM-listed Tower Resources has identified a farm-out partner for the Thali Block in the Rio del Rey Basin, where a well is planned for June. Tower said on 2 March that it had executed binding heads of terms for Australia’s OilLR Pty Ltd to take a 24.5% working interest. The farm-out covers $7.5m towards the Njom-3 well, which is expected to cost $15m-$16m, of which some $3m has been spent.

Cameroon