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Issue 173 - 30 October 2009

Suitors line up for Kosmos stake

Subscriber

As the battle for previously unfashionable West African assets heats up, Ghana National Petroleum Corporation (GNPC) is talking to potential suitors for Kosmos Energy’s 23.5% stake in the Jubilee field. Kosmos says it has a binding agreement with ExxonMobil, but GNPC says it has a right of first refusal over the deal.

Ghana | Sierra Leone | Liberia
Subscriber

Rick Schmitt has resigned as president of Lundin affiliate Africa Oil Corporation to become president and CEO of Black

Issue 172 - 17 October 2009

Government sets oil field targets

Subscriber

The government has published a detailed oilfield development programme which shows how it intends to deploy the LD12bn-worth of investment it announced in September to increase output from 1.7m b/d to more than 2.3m b/d by 2013 (AE 170/3).

Libya
Issue 172 - 17 October 2009

Old guard quits Hyperdynamics board

Subscriber

China has turned its attention to Guinea as offshore licence holder Hyperdynamics brings in a new team. Former chairman and chief executive Kent Watts and current executive vice president Harry Briers have quit the Hyperdynamics board, though Briers will remain on the management team.

Guinea
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EGYPT: Two new finds for Dana Gas; ETHIOPIA: Government plays down Ogaden rebel threat; GABON: Perenco acquires Marathon fields; NIGERIA: Seismic acquired over Aje field block; SOMALIA: New block for Somaliland bid round; SUDAN: Contract for Seadrill jack-up West Prospero

Somalia | Egypt | Sudan | Nigeria | Ethiopia | Gabon
Subscriber

Ghana National Petroleum Corporation (GNPC) has selected Nigeria’s Oando as its strategic partner to develop the infrastructure to harness associated gas from the Jubilee oil field.

Ghana
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President Kabila’s government is planning a new licensing round, but legislation still needs to be put in place

DR Congo
Subscriber

Lack of interest in recent Algerian licensing rounds has set back some upstream developments, but Total, Cepsa and Sonatrach have won approval for development of the Timimoun gas field to add 1.6bn m3/yr from 2013

Algeria
Issue 171 - 03 October 2009

Prospects in the ultra-deep

Subscriber

Anadarko Petroleum Corporation and Tullow Oil plc will be able to explore the same play as their Sierra Leone find offshore Liberia, where the government plans a bid round for the unlicensed Blocks 1-5, to be followed by licensing of the ultra-deep.

Liberia
Subscriber

Sierra Leone, Liberia and Côte d’Ivoire all have a history of turmoil fuelled by mineral wealth. Anadarko’s find offshore Sierra Leone is viewed with some trepidation by those who hope oil wealth will be a force for development, not for further conflict, writes Thalia Griffiths

Sierra Leone | Liberia | Côte d'Ivoire
Issue 171 - 03 October 2009

CNOOC seeks ‘6bn bbls’ reserves

Subscriber

China National Offshore Oil Corporation (CNOOC) is seeking a deal with the government for 6bn barrels of reserves.

Nigeria
Issue 171 - 03 October 2009

Eni returns to Ghana with Vitol farm-in

Subscriber

Italy’s Eni has made a big new African acquisition, taking stakes in Vitol’s two blocks adjacent to the Tullow Oil plc/Anadarko Petroleum Corporation acreage offshore Ghana.

Ghana
Subscriber

Born in the Ras Lanuf area and educated in the United States, the new National Oil Corporation chief

Libya
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

Libya has set up a new committee to run the energy sector. Following Shukri Ghanem’s resignation, its line-up looks like a victory for Qadhafi’s conservative third son Muatassim over his reformist elder brother Saif Al-Islam.

Libya