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Issue 135 - 28 March 2008

Western Congo ratifications

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President Joseph Kabila has ratified SOCO International’s production-sharing contract for the onshore Nganzi block and EnerGulf Resources’ PSC for the onshore Lotshi Block, both in western Congo, as well as a PSC agreed in November 2005 with London-based Nessergy Ltd. Nessergy’s block is in the deep offshore on the DRC’s maritime corridor.

DR Congo
Issue 135 - 28 March 2008

Total reports higher income

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Total Gabon has reported a 2.5% rise in net income to $334.4m, compared to $326.4m in 2006.

Gabon
Issue 135 - 28 March 2008

Hyperdynamics launches 2D

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US-based Hyperdynamics says the government has given the go-ahead for offshore seismic acquisition, even though it is reviewing its 2006 production-sharing contract. Calgary-based Geophysical Service Incorporated is acquiring 2D seismic as a first phase of a multi-client contract for 2D and 3D seismic.

Guinea
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Al-Thani has pulled out of Sudan, selling its stake to Kuwait’s Kharafi Group, as Gulf investors confirm their status as key investors in regional exploration, writes Eleanor Gillespie.

Sudan
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Oil means everything to Puntlanders, who believe its discovery will lift the Somali region’s people out of poverty, transform the economy into a Dubai-style success story and unite all Somalis.

Somalia
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IOCs and consumer governments are indulging in intense speculation about Gazprom’s Nigerian love-in, with indications that Moscow might also revive co-operation with Algeria and invest big in several other African gas plays.

Nigeria | Algeria
Issue 135 - 28 March 2008

SOCO takes eastern block

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Dominion Petroleum and SOCO International have agreed a production-sharing contract for Block 5 in the southern Albertine Graben adjacent to the border with Uganda (AE 133/15).

DR Congo
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CONGO-B: Marine XI farm-out brings in Vietnamese; MAURITANIA: Khop well spuds; TUNISIA: Vietnamese take two blocks; TUNISIA: DualEx enters with Bouhajla stake

Mauritania | Congo Brazzaville | Tunisia
Issue 134 - 07 March 2008

Afren takes onshore gas blocks

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Afren plc has signed production-sharing contracts for OPLs 917 and 907 in the Anambra Basin as part of its strategy to commercialise stranded gas assets.

Gabon
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A flurry of deals, some confirmed some still speculative, suggests that a lengthy hiatus in the development of Libya’s downstream sector may have broken, writes John Hamilton.

Libya
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President Jakaya Kikwete has given his support for plans by Artumas Group to export compressed natural gas to Kenya, signalling an apparent change of heart by the Tanzanian government.

Kenya | Tanzania
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A $200m naira-linked loan for Nigerian energy player Oando has set a series of benchmarks, writes Kevin Godier.

Nigeria
Issue 134 - 07 March 2008

Anguille redevelopment

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Total Gabon has begun redeveloping the Anguille field, which began producing in 1966, as part of a country-wide programme to appraise and redevelop existing fields to enhance recovery and slow down the natural decline in output.

Gabon
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Cobalt International: Gabon farm in and other plays; HERITAGE: Jersey move; NATIONAL OILWELL VARCO: Joint venture

Gabon
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Since his appointment in November, the new TFG premier has been silent about his energy policies, but in the next few weeks all could be revealed with speculation that a long-awaited oil agreement between Somalia and the breakaway Puntland could be announced.

Somalia