Galp to drill Orange Basin well next month
“The significant prospectivity of PEL 83 together with its relatively shallower water depth, position it to be one of the most significant and profitable developments in the Orange Basin,” he added.
E&P
Perenco adds fast-track production off Gabon
The company completed the well in the summer. The HYSM-01 well is now producing 3,000 bpd of oil.
San Leon deal paves the way for a “simpler story”, CEO says
“OML 18 will only contribute about 30% of the exports. So many people have signed up and want to sign up – we’re going to reach full capacity very quickly,” Fanning said.
San Leon scores major funding support from US lender
“We believe that the scale of OML 18 and the efficiencies that ELI's new infrastructure will bring represents a very exciting opportunity for us and all investors in San Leon."
Century completes FSO mooring to unlock San Leon exports
Energy Link Infrastructure owns the ELI Akaso and CESL operates and manages the facility. CESL said it would provide “evacuation, storage and offtake” for producers in the area.
EACOP back on track with Chinese funding, minister says
The minister said the insurance issue was the last real barrier to EACOP. “The rest was politics”, she said.
Century completes FSO mooring for San Leon exports
Ademola went on to say projects such as the FSO allowed the company to meet growing demand from the company’s customers.
Savannah battles challenges, pushes back South Sudan
Savannah struck a deal to acquire Petronas’ South Sudan assets in December 2022. It had hoped to publish its AIM admission documents on the deal by September 30. Today, it has pushed that back to the fourth quarter of the year.
TotalEnergies sells down Angola stake to Petronas
TotalEnergies has agreed the sale of a 40% stake in Block 20, in Angola's Kwanza Basin, to Petronas.
Total hints at further Namibia successes
Total has two rigs working in Namibia, with the Tungsten Explorer and the Deepsea Mira. A recent update from Vantage Drilling reported Total had extended the contract on the Tungsten Explorer into the second quarter of 2024.
Egypt sets out 23 block offering
The EUG update put the hydrocarbon potential in the Western Desert at 132 million barrels of oil equivalent, from 28 leads. In the Gulf of Suez, this increases to 540mn barrels of resources from 27 leads.
KUFPEC signs up with Shell for Mediterranean work
“This new partnership in Block 3 empowers KUFPEC to boost its offshore assets and exploration activities in Egypt.”
Invictus spuds hotly tipped Mukuyu follow up
Success at Mukuyu-2 could be transformational for Invictus, Zimbabwe and Southern Africa, he said.
Namibia: Shell and TotalEnergies giant oil discovery threatens resource curse
It’s touted by some as possibly the world’s biggest-ever deep-water oil find.
Afentra’s McDade praises Angola’s oil industry embrace
“We’re confident we can complete by year end. We’ve been through it with the INA deal and hopefully we can be more efficient this time around,” he said.
Capricorn sharpens Egypt production focus, despite receivable woes
Capricorn has warned it is watching the receivables closely. Its capital expenditure plans are “being monitored to match incoming receipts”, it said.
Tullow turns to harvest mode as Jubilee stacks up
“Our business continues to be undervalued because of the perceived debt overhang,” CEO Dhir said.
Ghana president commissions Tullow’s Jubilee extension
“This triumph augments our confidence in other prospects across the nation,” he said. He singled out the potential of further investments in Tullow’s TEN project.
Targeting Congolese exploration, Greenpeace pursues insurers
The report finds that coverage for the oil blocks would be “prohibitively expensive” for any winning companies. Congo lacks the capacity domestically to provide insurance.
Eni’s Oando sale runs into headwinds
NNPC “reserves its rights” over the breach. Failure to obtain approval allows NNPC E&P Ltd (NEPL) to “invalidate the purported assignment” to Oando.
Namibia sees transition “war” threaten Venus, Graff developments
“Unless Namibia puts together a narrative to win the energy transition war, [the country’s] oil will remain in the ground.”
Nigeria to struggle in growth plans, Westwood warns
Gas capacity expansion is still constrained by pipeline vandalism, especially domestically.
Sonangol returns to Kwanza onshore after 27 years
“This proves that we are indeed committed to getting the oil sector working, at all levels,” said Jerónimo.
Eni sells down Nigerian onshore to local player
These four OMLs attributed 24,000 barrels of oil equivalent per day to Eni net in 2022.
Azule, Equinor sign PSA for Angola area
Under the agreement, the companies will drill one exploration well in the initial five-year exploration period.