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Issue 353 - 15 September 2017

Namibia: Chariot drops southern blocks

Subscriber

Chariot Oil & Gas has given up the search for a partner on the southern blocks 2714A and 2714B but has secured an option to back in for 10% equity after exploration drilling at no cost.

Namibia
Issue 183 - 26 March 2010

Libya’s hydrocarbons law: a history

Subscriber

Officially known as Law 25, Libya’s oil law was introduced in 1955, four years after the country became the first to declare independence under the auspices of the United Nations. Oil exploration started in the country in 1953, and US major Esso made the first

Libya
Issue 213 - 16 July 2011

ROC quits Mozambique Channe blocks

Subscriber

Australia’s Roc Oil has agreed to sell its 75% interest in the Juan de Nova Maritime Profond Block in the Mozambique Channel to Nigeria’s South Atlantic Petroleum. Roc is seeking to

Mozambique
Subscriber

PA Resources’ Equatorial Guinea subsidiary Osborne Resources has been transferred to the company’s largest shareholder Gunvor Group, after Gunvor sought repayment of sums due under its reserve based lending (RBL) facility. On 7 April, PA Resources said it had been told by Gunvor that it would not participate in the troubled company’s refinancing process and wanted repayment of the $84m plus accrued interest outstanding under the RBL facility. The RBL was secured by Osborne, which owns shares in the producing Aseng and Alen fields and exploration in Block I.

Equatorial Guinea
Subscriber

Tullow Oil has announced oil discoveries at the Amosing-1 and Ewoi-1 exploration wells in Block 10BB, and updated its estimate of discovered resources in the South Lokichar Basin to over 600m barrels. “Tullow believes that the overall potential for the basin, which will be fully assessed over the next two years through a significant programme of exploration and appraisal wells, is in excess of 1bn barrels of oil,” the company said. Amosing was drilled on the ‘string of pearls’ basin bounding fault trend that has already delivered discoveries at Ngamia, Twiga South, Ekales and Agete, while Ewoi was drilled on the basin flank, east of the Etuko discovery.

Kenya
Subscriber

The government has extended the closing date for the country’s fourth licensing round from 28 June to 27 September following an extended election period in March resulting from a second-round run-off between the two main political parties. Getech Group chief executive Jonathan Copus said “a broad spectrum of international oil majors and large independents” had attended data rooms in Freetown, London and Houston since the launch of the round in London on 25 January.

Sierra Leone
Subscriber

A memorandum of understanding (MoU) signed by the Ugandan government and its upstream partners on 5 February paves the way for oil production to begin by setting parameters for the development of sector infrastructure. This includes the construction of a refinery on the shores of Lake Albert, construction of a pipeline to export crude to Kenya’s coast, and development of a power plant to run on petroleum. Tullow said the agreement covered integrated development of the upstream, an export pipeline and a 60,000 b/d refinery to be developed in a modular manner starting with 30,000 b/d. The government is expected to select a lead investor to develop the refinery by the end of H1 2014.

Uganda
Subscriber

Total on 28 May announced a final investment decision to launch the 40,000 b/d Zinia 2 deep offshore development in Block 17, 150km offshore. Production from Zinia 2 will help maintain output from the Pazflor development, which started up in 2011. Total said Zinia 2 was the first of several possible short-cycle developments on Block 17 that would unlock its full potential by connecting satellite reservoirs to the block’s four existing floating storage, production and offloading (FPSO) vessels.

Angola
Subscriber

Indonesian oil and gas company Energi Mega Persada (EMP) plans to drill a well on its Buzi field onshore central Mozambique, even though it has yet to conclude the farm-out deal it has been seeking for some time. A project source said drilling equipment was being shipped from Indonesia and was due to arrive in November, after which the drilling of a first well should take about three months. The drilling was “both exploratory and for opening up production wells”, the source said, adding: “If all goes well we could see commercial production in 2018.”

Mozambique
Issue 234 - 29 June 2012

Marathon returns with farm-in

Subscriber

Marathon Oil Corporation has re-entered Gabon, taking a 21.25% working interest in Total’s Diaba permit offshore southern Gabon.

Gabon
Issue 342 - 16 March 2017

South Sudan: Block B’s history

Subscriber

Block B has failed to produce a single barrel of marketable crude in its almost 40-year history. In 1980, Total signed an exploration and production-sharing agreement (EPSA) with Sudan to operate the block for a 40-year period. But development was arrested by a combination of war, sanctions and the secession of South Sudan in July 2011.Work was suspended in 1985 due to security concerns arising from the second Sudanese civil war, which raged until 2005.

South Sudan
Subscriber

FMC contract for Block 18 work; Dana Gas makes new gas/condensate find; Three new finds for Apache; New find on NW Gemsa

Egypt | Angola
Subscriber

All sides are talking about building confidence, but with IOCs fearful that the landmark Petroleum Industry Bill will slash their profits, and Nigerian politicians keen to influence policy across the sector, the timetable for vital energy industry reforms is slipping ever further behind.

Nigeria
Free

Operator ExxonMobil and its partner Sterling Energy have opted to relinquish the Ampasindava Block following a detailed subsurface reassessment of the prospectivity. Sterling said the production-sharing contract was in phase three of the exploration period, which was due to expire in July 2016. ExxonMobil had been planning a deep-water well on the Sifaka prospect, but drilling was repeatedly postponed amid the island’s political crisis. A 1,314km 2D seismic acquisition programme on Ampasindava was completed in December 2013.

Madagascar
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