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Subscriber

Following the excitement over Ghana’s Jubilee field development and Anadarko Petroleum Corporation’sVenusfind off Sierra Leone, Vanco Energy Company’s plans to spud a well offshore Côte d’Ivoire in late December will beclosely watched. The failure ofAnadarko’s South Grand Lahou-1 wildcat in Block CI-105,meansVanco’s Orca 1-x well – to bedrilled in water depth of 1,827 metres, to a total depth of 3,661 metres on the deepwater Block CI-401 bordering Ghana – willbe a test of Côte d’Ivoire’s ability to join Ghana in attracting investors to theWest AfricanTransform Margin.

Issue 358 - 23 November 2017

Gambia: Upstream promotion

Subscriber

The new government has launched a licensing process for its open acreage, even though it has yet to publish planned revisions to the petroleum law and blocks A1 and A4 are in arbitration. Speaking at a roadshow event in London hosted by law firm Berwin Leighton Paisner (BLP), petroleum and energy minister Fafa Sanyang said Gambia aimed to license its hydrocarbon blocks in a competitive and transparent selection process. The government is working with the African Development Bank’s Africa Legal Support Facility, BLP and local law firm Amie Bensouda to review the 2014 petroleum law.

Gambia
Issue 363 - 15 February 2018

Africa Oil takes Impact stake

Subscriber

East Africa player Africa Oil Corporation has agreed to take a 25.2% stake in Impact Oil and Gas via deals with some of the company’s shareholders. The subscription agreement between Impact, Africa Oil and Impact shareholder Deepkloof, a subsidiary of South Africa’s Hosken Consolidated Investments, will raise up to $35m, Impact said. The first tranche of the placing will comprise an investment of $10m from Deepkloof and $15m from Africa Oil, and the companies have options to invest a further $7.5m and $2.5m respectively.

Issue 171 - 03 October 2009

FAR receives CSEM survey

Subscriber

Having decided against farming in to the acreage, Royal Dutch Shell has given First Australian Resources (FAR) a summary of the results of its controlled source electro-magnetic (CSEM) data acquisition and geophysical evaluation programme over part of the Sangomar Offshore, Rufisque Offshore and Sangomar Deep blocks (AE 169/18).

Senegal
Subscriber

The state Office National des Hydrocarbures et des Mines (Onhym) has granted Ireland’s Island Oil & Gas and London-based Serica Energy two petroleum agreements for the contiguous areas of Sidi Moussa Offshore and Foum Draa Offshore in the Agadir Basin.

Morocco
Subscriber

The status of security in the capital, at energy industry facilities and in the open desert remains one of the fundamental issues dividing National Oil Corporation (NOC) and its international partners

Libya
Subscriber

Dismissed for years as a gas play at best, East Africa is now seeing a brisk pace of activity despite the debt woes besetting some of the region’s smaller pioneers

Kenya | Somalia | Sudan | Madagascar | Uganda | Ethiopia | Tanzania
Issue 247 - 31 January 2013

Ghana: Eni appraises Sankofa discovery

Subscriber

Eni has successfully appraised the Sankofa oil discovery on the Offshore Cape Three Points Block with the Sankofa East 2A well. The company estimates the overall potential of the Tano Basin discovery to be around 450m barrels of oil in place, with recoverable resources of up to 150m barrels, and has begun planning for commercial development of the oil reserves.

Ghana
Issue 227 - 15 March 2012

Ex-ministers go into business

Subscriber

Former Libyan prime minister and National Oil Corporation chairman Shukri Ghanem, former Algerian energy and mines minister Chakib Khelil, former Nigerian petroleum minister Rilwanu Lukman and former Iraqi oil minister Issam Chalabi have created Chalabi, Ghanem, Khelil & Lukman Associates

Nigeria | Libya | Algeria
Issue 195 - 09 October 2010

KNOC pushes into Africa with Dana deal

Subscriber

KNOC’s efforts to gain a presence in sub-Saharan Africa have received a significant boost with its takeover of Dana Petroleum, as well as a new tie-up with DR Congo and Equatorial Guinea

Subscriber

A company controversially awarded right of first refusal for the Offshore Cape Three Points South Block obtained its rights via Kojo Annan, the businessman son of former UN secretary-general Kofi Annan. Gondwana Oil Corporation’s listing statement for the Canadian Securities Exchange says that Gondwana acquired 70% of Miura Petroleum from Kojo Annan and Kareem Abu on 4 November 2013 in exchange for $1.5m in cash. Miura has preferential rights to negotiate for the block, which includes acreage relinquished by Hess.

Ghana
Subscriber

The 22 January announcement by Chevron Corporation that its Chevron Morocco Exploration Ltd subsidiary had signed petroleum agreements with the state Office National des Hydrocarbures et des Mines (Onhym) for three offshore areas underlines the extent of international oil company (IOC) enthusiasm for entry into the Moroccan Atlantic Margin offshore play.

Morocco
Free

Ethiopia’s South West Energy has hired former UK minister Lord [Mark] Malloch-Brown in an advisory role.

Ethiopia
Issue 366 - 06 April 2018

Niger: Savannah starts drilling

Subscriber

London-based Savannah Petroleum spudded the first well in its three-well drilling campaign on 31 March on the R3 portion of the R3/R4 PSC Area in the Agadem Rift Basin of south-east Niger. The Bushiya-1 well is designed to test the oil potential of the Eocene Sokor Alternances as the primary target, with a secondary target of potential oil pay in the Eocene-Oligocene Upper Sokor. The company has contracted the GW-215 rig from China’s Great Wall Drilling Company for a three-well campaign with options for a further six wells.

Niger
Issue 149 - 31 October 2008

Pazflor contract

Subscriber

Norway’s Grenland Group has signed a NOK307m ($46m) contract with FMC Technologies for deliveries of subsea structures to Total’s Pazflor development on Block 17 (AE 144/19).

Angola