Nigeria aims to add 700,000 bpd this year
“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.”
E&P
Zafiro due to restart in February
“Right now, we have close to 64 wells that need to be redrilled, and for this, we cannot find funds. A lot of infrastructure has been designed for a specific period and without funds, we are left with a lot of problems.”
Perenco scores success with innovative platform design
The French company operates 11 fields on- and offshore Congo, producing 25,000 bpd in 2021.
Exxon wins two concessions in the Nile Delta
ExxonMobil has won two blocks offshore Egypt, in the Nile Delta, covering more than 11,000 square km.
Apex buys into Eni’s Western Desert operations
“We look forward to commencing Apex’s first gas production in 2023 and becoming part of the exciting Egyptian natural gas success story,” he continued.
Capricorn makes Palliser nominees an offer ahead of vote
Smith noted the opposition from shareholders to the Tullow merger. “The message from shareholders was that there was a preference for cash returns over long-term delivery. We listened to that and [the NewMed deal] offers a lot of cashback, while also being energy transition led.”
Dolphin pushes back Nigeria drilling for semisub
The Blackford Dolphin arrived in Las Palmas on November 24, 2022, following a delayed departure from Mexico and reduced transit speed.
Nigeria’s focus on thieves misses metering miscalculations
The AG said this failure would have a “disastrous effect of capital flight and commercial fraud”.
Chevron extends jack-up contract from Shelf Drilling
Shelf Drilling has extended the contract on its Shelf Drilling Tenacious jack-up, offshore Angola.
Capricorn preps for Palliser vote, “genuine risk” of board removal
Capricorn Energy has conceded that it expects to hold an EGM on February 1 but has warned shareholders against rejecting its proposed combination with NewMed Energy.
Lekoil relaunches as Fenikso, settles Nigeria disputes
Fenikso, previously known as Lekoil, has settled its disputes with its former CEO, with half its board also stepping down.
United abandons Egypt well, moves rig to ASH field
Kuwait Energy Egypt will plug and abandon the most recent well on Egypt’s Abu Sennan licence, United Oil & Gas has said.
Invictus brings Mukuyu drilling to a close, but promises more
Invictus may choose to drill Mukuyu-2 this year or the Baobab-1 well. The company has not yet committed.
Rig on site for Predator
The company believes that optimisation of the drilling, informed by experience from the MOU-1 well, will keep costs around the same level.
Total Gabon extends licence for 25 years
"The signing of these agreements confirms our company's desire to strengthen its partnership with the Gabonese republic and to pursue the development of its activities in Gabon,” said Henri-Max Ndong-Nzue, the head of the Gabonese unit.
Genel licence illegal and unconstitutional, Somalia states
Genel is planning to drill a well on the SL10B13 block, in which it has a 51% stake and is the operator.
Egypt launches bid round
Minister El-Molla said Egypt had doubled its efforts to attract new investments in the hydrocarbon sector in 2022.
ReconAfrica pushes back well on data acquisition
ReconAfrica said that it would wait for results from the geophysical data before drilling the well. It will now begin drilling in late February next year.
Nigeria launches mini deepwater bid round
Nigeria has announce a mini bid round focused on the deepwater, saying this would be the first of a number of such offerings.
Palliser adds more support to topple Capricorn board
Palliser Capital reports more Capricorn Energy shareholders have backed its plans to remove the board and scrap proposed merger plans with NewMed Energy.
PTTEP sells out of Angola with Somoil deal
PTT Exploration and Production (PTTEP) has struck a deal to sell its 2.5% stake in Block 17/06 to Somoil and exiting the country.
Total signs up rig for Venus appraisal in 2023
Northern Ocean owns the Deepsea Mira, which is currently warm stacked in Norway. The company also owns the Deepsea Bollsta, which began drilling a well for Shell this week.
Tullow extends Tano Basin holding in Cote d’Ivoire
Tullow Oil has signed a licence for a new block offshore Cote d’Ivoire, adjacent to a licence it already controls.
Chad deals come unstuck for Savannah Energy
It took only days for Savannah Energy’s plans for Chad to come unstuck, as the government threw up objections to its ExxonMobil acquisition.
Shell wins right to appeal Wild Coast verdict
Shell has been granted leave to take its legal fight to secure acreage offshore South Africa to the Supreme Court of Appeal.