The plan, he said, would not be “to appraise everything”. Instead, the partners in the block would “accelerate the time to market … if we have the chance to really confirm the volumes which seems to have been discovered, there will be room to make fast track developments, like we did on Block 17, 25 years ago.”
Shell’s deepwater unit is using the rig for infill drilling around its Bonga FPSO.
While work in C2 is just beginning, the MPME said Shell was planning to drill another licence in the coastal area before the end of 2023.
While drilling is ahead of schedule in Mozambique, gas production was 2% lower, Sasol said. This is “due to reduced demand from our own operations and the external market largely due to the ongoing power outages”.
Total discovered Girassol in 1996 and began producing within five years. The field celebrated its 20-year anniversary in 2021.
Ahmed Ouenes, CEO and founder of Olive Energy, said the company had carried out work with SNPC. The two companies had drilled and produced multiple wells during 2021-22, with flow rates “much higher” than current production.
Past drilling on the block has suggested there is potential, with an “extensive prospect inventory” within tie-back distance to Ceiba and the Okume complex.
Africa Oil said the block contains a number of gas-prone prospects in water depths of less than 80 metres. Crucially, it is close to existing infrastructure, including the Alba gas field and the Punta Europa LNG plant.
CEO Silva said Galp’s upstream was now purely focused on Brazil, “at least until we have more news from [Sao Tome] and Namibia”.
Palliser has suggested that Capricorn should return at least $535 million to shareholders.
The agreement follows a memorandum of understanding (MoU) signed at the same conference in 2022.
SLGC is intended to tackle a projected supply gap at the Angola LNG facility.
Gabon is producing around 200,000 barrels per day. Should Tigre be successful, and if the in-place forecasts are accurate, the project could double Gabon’s production, S&P said.
Wentworth has said cashflows in 2023 will be much reduced - making now an ideal time to sell out to partner Maurel.
Shelf won more work in Egypt for its Trident 16 jack-up in January. Petrobel signed a one-year contract extension for the rig, with an option for another year.
Ghanaians should treat Mahama’s suggestion “with the utmost contempt it deserves”, the statement concluded.
Receivables in Egypt had fallen in 2021 but began climbing once more in 2022.
The company has also hired consultants to assess Algeria’s shale and non-shale gas resources and consider its contractual terms.
“Our rig is still available,” a Palmeron official said. “We believe the contract should be ours. If we do it, we would be the first local contractor in Africa to do drilling. We want the IOCs and the world to encourage us,” he continued.
“It is high time that it addressed the ongoing pollution caused to these communities by its operations. The question must be asked whether Shell simply plans to leave the Niger Delta without addressing the environmental disaster which has unfolded under its watch?”
The vote appoints Hesham Mekawi, Christopher Cox, Maria Gordon, Craig van der Laan, Richard Herbert and Tom Pitts to the board with immediate effect. They all received 99.2% approval at the vote.
As a result, they agreed the “clean and amicable exit for Addax by resolving all the PSC contractual issues, including litigation”.
“That part of west Libya is relatively stable. If you’re going to choose a project to develop it’s a good choice,” Kinnear said.
“The exploration of oil and gas in DRC sets us on the path of more climate catastrophes that will disproportionately affect the poor,” Kitisya said.
“Panoro is entering a phase of continual drilling activity which will see at least 10 wells being drilled in Gabon and Equatorial Guinea over the next 12 to 15 months and deliver a step-change in working interest production,” said company CEO John Hamilton.