“I look forward to building on this success as the Company prepares for further appraisal at Mukuyu, while it holds a portfolio of exciting exploration prospects and leads, which have been significantly de-risked through the recent drilling campaign.”
Mellitah is the origin point for the Greenstream pipeline, which carries gas from Libya to Italy, via Sicily.
“Production is not at the level we would like. We intend to own the asset and we need a new plan of development, which will take different things into consideration,” he said. Many wells need to undergo workovers, he said, in order to make it fit for the long term.
XR called on the government to refuse access to the “Karpinsky and all other vessels engaged in harmful exploration activities in the Antarctic region”.
Shell spudded the Jonker well in December. “I’m not saying anything apart from to say it is going well, it is going very well,” Shino said to applause.
Operations had returned to normal in the third quarter in Gabon, Maurel said. The company began a well stimulation campaign in the fourth quarter of 2022, with the field now capable of producing more than 21,000 bpd.
As news of the drilling challenges broke, the company’s share price fell 65%.
“I told [the European Parliament] to go to hell!” Museveni said. “But I didn’t hear the French government making any trouble.”
Capricorn chair Nicoletta Giadrossi is stepping down immediately from the board. So too is CEO Simon Thomson, in addition to Peter Kallos, Alison Wood and Luis Araujo.
Kingfisher will have around 20 production wells and 11 water injection wells, from four pads.
The company’s work has reduced risk on trap, source and seal, it said. Reservoir remains a moderate risk, it said, while the “lateral extent and continuity of reservoir sands is still unknown”.
The agency said the extension would give the IOCs and NOCs that had bought data “time to continue their technical evaluation of the fantastic acreage”.
“Despite billions in investments and divestments over a decade, we do not find evidence that Capricorn created any meaningful value for shareholders.”
Total production for 2022 reached 41,000 barrels of oil equivalent per day, of which 75% was gas. For 2023, Energean forecasts this will increase to 131,000-158,000 boepd. Virtually all of the increase will come from Israel.
Arkab, in a speech, said the country was indebted to those foreign and Algerian workers who had died in the attack.
Shell has contracted the Stena Forth for three wells offshore Egypt, following the rig’s recent success at the Nargis-1 exploration well for Chevron.
However, the company said in closing, it would “continue to consider its alternative strategic options, with the objective of maximising value for its unitholders”.
The East Mediterranean “has abundant energy resources, and their development is driving strategic collaboration in the region”.
“Interest has picked up in Ghana,” Mr Faibille said. “This year is a watershed,” he continued. He predicted Ghana would see “plenty more drilling activities” in 2023.
Wintershall Dea has found gas onshore in Egypt’s Nile Delta and is considering a tie-back to nearby infrastructure at Disouq.
Uganda’s cabinet has approved licences for Uganda National Oil Co. (UNOC) and Australia’s DGR Global, with an initial period of two years.
The company is “still very much Ghana owned”, she said. The law requires such companies to be majority Ghanaian owned.
Explorers are “taking a measured view and holding budgets and activity steady whilst trying to improve overall exploration efficiency”, Westwood said.
The company warned that it would keep watch on its receivables. This, it said, may “impact the capital available for development”.
“It’s practical to hit 2.2mn bpd in 2023, this is practical. It’s a moving target,” Kyari said. “There are a number of projects that I have clear line of sight that can come on board in 2023.”