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SDX has started the first phase of its 2021 drilling campaign, which will comprise up to five wells over the year. The first phase will consist of three appraisal/development wells, which will target an estimated total of 1.3 bcf of P90/1.8 bcf of P50 gross unrisked prospective recoverable resources in its Gharb Basin acreage.

Morocco
Free

Wentworth Resources posted a record Q1 2021 performance with production of 84.74mcf/d gross, compared with an average of 63.60mcf/d in Q1 2020.

Tanzania
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London AIM-listed SDX Energy will push ahead with a two-well South Disouq drilling campaign, subject to ministerial and parliamentary approval for a two-year concession extension. Announcing Q1 results on 20 May, SDX said it planned to drill on the Hanut prospect in Q3 with what chief executive Mark Reid called “the transformational Hanut-1X exploration well”. 

Egypt
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Seven Energy deal gave it a 40% interest in the Uquo field and 51% in the Stubb Creek field – both large, producing, low-cost onshore oil and gas fields – and 80% in the Accugas midstream business. Chief executive Andrew Knott said “our financial results show just how transformational the acquisition has been.”

Nigeria
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Panoro Energy chief executive John Hamilton seems more focused on Equatorial Guinea and Gabon than Tunisia (see above), following the Oslo Stock Exchange-listed minnow’s recent acquisition of Tullow Oil’s Central African assets AE 439/21, 432/20.

Equatorial Guinea | Gabon
Issue 441 - 24 June 2021

South Sudan: Block 5A restart

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Production in Block 5A – operated by Sudd Petroleum Operating Company (Spoc) – resumed in June from the Tharjiath central processing facility after seven years of production shutdown due to civil war.

Sudan
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Australia’s Woodside Energy is finally set to conclude its purchase of Australian Securities Exchange-listed FAR’s 15% stake in the Rufisque, Sangomar and Sangomar Deep (RSSD) exploration area and 13.67% equity in the Sangomar oil development, whose phase one will have 100,000 b/d crude production capacity. The deal should be concluded in late June or July.

Senegal
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There are signs of activity for the country’s hydrocarbons sectors, with Victoria Oil & Gas raising fresh finance to develop its onshore Matanda licence and other operators edging towards further developments offshore, writes James Gavin.

Cameroon
Free

Like so many governments, President Nana Akufo-Addo’s administration is struggling with the challenges and contradictions of energy transition in Ghana. Oil and gas (O&G) projects are under pressure, having been seen as a crucial way to boost revenues – which have fed into treasury coffers since the Jubilee field development – and drive power generation and industrial development, and create vital jobs.

Ghana
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London AIM-listed Scirocco Energy and Aminex in mid-August reported that their Ruvuma joint venture – now led by ARA Petroleum Tanzania (APT), following a farm-out by Aminex – had received Ministry of Energy approval to extend its production-sharing agreement (PSA) for another two years from 15 August.

Tanzania
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Fresh from a name change that has seen it morph from Seplat Petroleum to Seplat Energy – a reflection of the company’s efforts to diversify – the Lagos- and London-listed independent is doubling down on natural gas as it looks for growth over the next five years.

Nigeria
Issue 446 - 26 September 2021

Buhari appoints new NNPC board

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In another step towards the promised overhaul of Nigeria’s hydrocarbons industry, President Muhammadu Buhari has appointed the board and management of the soon-to-be incorporated Nigerian National Petroleum Company Ltd (NNPC).

Nigeria
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Aker Energy has reworked its plans for the Pecan field and cut the break-even price from $45/bbl to $30/bbl. “We are committed to the project and have reworked the Pecan field development concept to a much more profitable and cost-effective phased approach,” a company official told African Energy.

Ghana
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UK-listed independent Savannah Energy has secured the expected ten-year extension to its four production sharing contracts (PSCs) in Niger.

Niger
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A year ago, Dallas-based Kosmos was selling African assets, but it is now expanding its interests in Ghana in a deal which could help to provide cashflow for the first phase of the Greater Tortue Ahmeyim project in Mauritania and Senegal, writes James Gavin

Ghana