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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

The Burullus Gas Company joint venture has given Subsea 7 an engineering, procurement, installation and commissioning contract for the West Delta Deep Marine Phase 9b development project. The scope of work includes connecting six new wells into existing subsea facilities using umbilicals and flexible flowlines. Project management and engineering work has started at Subsea 7’s office in Cairo and Paris.

Egypt
Issue 142 - 05 July 2008

More drilling success

Subscriber

Tullow Oil has found oil and gas in a new play fairway with the Ngege-1 exploration well, the second exploration well in the Butiaba region of Blocks 1 and 2.

Uganda
Subscriber

Kosmos Energy has said its Tortue-1 discovery well has opened a new outboard play on its acreage offshore Mauritania and northern Senegal, but it is too early to say how the gas might be developed. Kosmos, which in 2007 drilled the Mahogany-1 discovery well that found the Jubilee field offshore Ghana, said the well had tested the Tortue West prospect, part of the Greater Tortue complex. Kosmos estimates reserves in Tortue West at between 5tcf and 12tcf, with a mean resource of 8tcf, while for the Greater Tortue complex, which extends into northern Senegal, it estimates the resource potential at between 6tcf and 22tcf.

Mauritania | Senegal
Subscriber

The announcement that a Dubai company is to ‘invest $16bn’ in Nigeria serves as a reminder of the extent that Gulf investors have sought out new business in Africa.

Mauritania | Sudan | Nigeria | Algeria
Subscriber

Petroceltic raises $40m; Roc brings Argentines into Angola

Angola | Algeria
Free

Anadarko Petroleum Corporation has announced that output from El Merk in the Berkine Basin has risen to a record 150,000 b/d. The company’s total oil and gas output reached 848,000 boe/d in H2 2014, with overall output up by almost 100,000 boe/d (with oil output up by 65,000 b/d) on H2 2013. The rise is accounted for by increased output from US shale (50,000 b/d) and the Algerian acreage. In the Jubilee field offshore Ghana, Anadarko said cumulative gross oil production exceeded 100m bbls in Q2.

Issue 134 - 07 March 2008

NOC finalises new EPSA deals

Subscriber

National Oil Corporation has confirmed some $500m worth of exploration investment from five international oil companies.

Gabon
Issue 357 - 09 November 2017

Nigeria: Egina FPSO sailaway

Subscriber

The floating production, storage and offloading (FPSO) vessel for Total’s Egina development on OML 130 left Samsung Heavy Industries’ Geoje shipyard in South Korea on 31 October. The ultra-deep water project is due to start up next year, producing 200,000 b/d of oil. The field, discovered in 2003, is located in water depths of around 1,600 metres, 200km offshore Port Harcourt and 20km south-west of the producing Akpo condensate field on the same licence.

Nigeria
Subscriber

Total Gabon has exercised its pre-emption right to acquire the 50% interest in the Baudroie-Mérou licence held by Mitsubishi Petroleum Development Company (MPDC). Total Gabon owns the remaining 50% interest and at completion of the transaction will become 100% owner and operator of the licence. Total said the transaction had a value of $40m and was subject to approval by the authorities.

Gabon
Issue 226 - 01 March 2012

Total announces start of Usan field

Subscriber

Marking 50 years of business presence in Nigeria this year, Total has announced the start-up of the Usan field on OML138.

Nigeria
Free

Eni and China National Petroleum Corporation (CNPC) on 25 July concluded Eni’s sale to CNPC of 28.57% of Eni East Africa for $4.21bn. Through this deal, CNPC acquires a stake in Eni East Africa which equates to a 20% indirect participation in Area 4, while Eni remains the indirect owner of the 50% participation owned by Eni East Africa.

Mozambique
Subscriber

Tullow Oil and its partners have completed the appraisal of the area south-east of the Jubilee field, with the successful Mahogany-5 well. The well penetrated a total net oil pay of 23 metres in sandstone reservoirs over a gross interval of 51 metres.

Ghana
Subscriber

The restoration of 1.3m b/d of output just over three months after the 22 October declaration of liberation from the Qadhafi regime places National Oil Corporation well ahead of its own targets

Libya
Issue 285 - 30 September 2014

Zambia: Swala block award

Free

Australian-listed Swala Energy has been formally awarded hydrocarbon exploration rights over Block 44. The company said in May that it had been offered the block and was awaiting formal confirmation (AE 277/12). Block 44 covers 6,000km2 on the margins of the Karoo-aged Kariba Basin in southern Zambia.

Zambia