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Issue 140 - 07 June 2008

Farm-ins for Beach, Dana

Subscriber

Australia’s Santos Egypt has farmed out 40% of the South East July production-sharing contract to Aberdeen-based Dana Petroleum, and another 20% to Australia’s Beach Petroleum.

Egypt
Subscriber

BG and Petrobras LNG deals; Sonatrach has signed an agreement to develop an ammonia plant with Spain’s Fertiberia

Algeria
Subscriber

The start of exploration on Block 5B has yielded two dry wells, but Lundin Petroleum is optimistic that the WNPOC grouping can replicate the success of Block 5A despite the physical and political challenges of operating in a vast but isolated region of southern Sudan, writes Thalia Griffiths.

Sudan
Issue 139 - 24 May 2008

Government to sell 10% of CMH

Subscriber

The government has announced plans to sell 10% of the shares in the publicly-owned Companhia Moçambicana de Hidrocarbonetos (CMH) to Mozambican individuals and companies.

Mozambique
Issue 139 - 24 May 2008

Gulf of Guinea spuds Uquo well

Subscriber

Gulf of Guinea Energy has spudded the first of two back-to-back appraisal/development wells in the Uquo field on OML 13 in the eastern Niger Delta. The Uquo-5 well will be drilled to a depth of 8,500 feet by Henan Petroleum Company Nigeria, using the HPEB119 drilling rig.

Congo Brazzaville
Subscriber

Royal Dutch Shell could be within a few weeks of agreeing a deal to inject cash into its Shell Petroleum Development Company (SPDC) joint venture, by extending a series of loans to bridge funding gaps caused by the state’s failure to pay its share of development costs.

Nigeria
Subscriber

REPUBLIC OF CONGO: Brazilians push for biofuels projects; EGYPT: USTDA grant for petrochems; MOROCCO: Samir financing

Egypt | Congo Brazzaville | Morocco
Subscriber

Canadian independent Verenex Energy plans to submit a commerciality application to National Oil Corporation (NOC) early in Q3 2008 for its Ghadames Basin territory secured in the first post-sanctions bidding round (AE 133/14).

Libya
Issue 139 - 24 May 2008

Oilinvest reconsiders Tamoil sale

Subscriber

Oilinvest Group’s new chief executive Isam Zanati has sought to dampen speculation that the state-owned group is looking for a new strategic investor for Tamoil.

Libya
Issue 139 - 24 May 2008

Willbros settles in FCPA case

Subscriber

Engineering services company Willbros Group has agreed to pay $32.3m to settle US investigations into the payment of bribes to officials in Nigeria and Ecuador in violation of the Foreign Corrupt Practices Act.

Nigeria
Issue 138 - 10 May 2008

OMV takes Al-Thani block

Subscriber

In a further step in Dubai-based entrepreneur Abdullah Bin Saeed Al-Thani’s sale of regional assets – signalled by a big divestment in Sudan (AE 135/12) – Austria’s OMV has taken an 80% interest as operator in Tunisia’s offshore Sidi Mansour exploration licence from Thani Emirates Petroleum subsidiary Thani Tunisia Sidi Mansour.

Tunisia
Issue 138 - 10 May 2008

Candax drilling plans

Subscriber

Candax Energy has signed rig and drilling management service contracts for its 2008 onshore drilling programme in Tunisia.

Tunisia
Free

The government is hoping a compromise proposal can end a dispute over ownership of the Mombasa refinery and allow a badly-needed upgrade to go ahead.

Kenya | Libya
Subscriber

The new government named after last year’s violent general strike is keen to speed up the revision of oil and mining contracts, but is meeting resistance from President Conté’s inner circle, writes Our Conakry Correspondent.

Guinea
Subscriber

Mali and Mauritania pioneer Baraka Petroleum said it had appointed administrators to wind up the company after failing to secure funding or find buyers for its Mali and Mauritania assets. “In recent months the company has actively pursued

Mauritania | Mali