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After a nine-year struggle, including a UK Serious Fraud Office investigation, the backers of Coastline Exploration have secured the chance to open up one of the world’s last unexplored oil frontiers, where above-ground challenges could still be more difficult than the subsea drilling, writes John Hamilton.

A planned $187m financing deal between London AIM-listed San Leon Energy and Tri Ri Asset Management has foundered, with the New York-based finance house blaming regulatory and compliance problems.

The 2.4m t/yr first phase of the cross-border Mauritania/Senegal Greater Tortue Ahmeyim (GTA) gas development has once again been delayed. Kosmos chief executive Andrew Inglis said the latest setback stemmed from GTA’s floating production, storage and offloading (FPSO) vessel requiring further repairs in Tenerife, following damage incurred during its journey from Qidong, China.

With momentum building for the delayed Greater Tortue Ahmeyim LNG project to start exports in mid-2024, supermajor BP has extended its relationship with services provider Petrofac.

Eni has closed the sale of some of its Republic of Congo (RoC) upstream assets to indie Perenco. No specifics of the acreage acquired were detailed. Sale of the assets did not detract from RoC being “at the core” of its strategy, Eni said, but instead reflected a ‘refocus’ on major developments.

The estimated $1bn EPC deal for the Banda and Tevet fields, which hold combined estimated reserves of 2.2tcf, is the first involvement by Egyptian players in Mauritania’s upstream and marks the revival of Nouakchott’s long-held plans to supply gas to its flagship Banda Duale power plant.

Some headline elements of the now ruling Parti Africain du Sénégal, pour l’Ethique et la Fraternité (Pastef les Patriotes)’s policy were presented during the election campaign, which included the following commitments:

TotalEnergies has signed a memorandum of understanding with Sonatrach on further developing natural gas resources in the Timimoun region, where the French major has existing interests, while an LNG supply contract has been extended by another year.

London-listed Energean has taken on the operatorship of the Lixus and Rissana licence areas, alongside partners Chariot and state-owned Onhym