Ghana approves Pecan FPSO plan, AFC heads for FID
The former owner will be on hand to provide technical support, said Pecan Energies CEO Eiliv Gjesdal. Previously, he was CFO for Aker Energies.
E&P
Angola makes its pitch: “Flexibility is our middle name”
Angola’s regulator is focused on attracting investment into the upstream, putting a particular focus on new investment from medium and small companies, according to a recent presentation.
Perenco starts up marginal field in Cameroon
“Thanks to our proven know-how and the use of innovative solutions, Perenco has once again demonstrated its ability to transform previously untapped deposits into sources of vital energy production.”
Eni strikes Congo sale with Perenco
Eni reports production from 18 blocks, of which it operates 12 – with 10 offshore and two onshore. In the upstream, its focus is around the deep waters off Pointe Noire and, onshore, in Koilou.
TotalEnergies wins WoodMac exploration gong for Venus find
Latham said the industry admired “operators who can not only open new frontiers, but also find large volumes of advantaged resources. TotalEnergies recent efforts and discoveries have been excellent examples of both trends.”
Springfield lines up cash for unitised Afina plan
Springfield is in conflict with Eni over this field. Springfield drilled the Afina discovery in November 2019.
SLB, Baker Hughes win drilling work from Invictus
Baker Hughes, working with NOV, will also carry out the directional drilling and logging while drilling (LWD) contracts.
Keith Hill steps down from Africa Oil top job
The incoming president and CEO said he was happy to join Africa Oil, “a company that has grown significantly in the last few years with an excellent opportunity set and material catalysts for shareholder value creation”.
China’s CNOOC plans offshore oil, gas exploration in Tanzania
“There is also an agreement in the works” between Tanzania and Cnooc to do seismic studies in unassigned blocks before a licensing round next year, Makamba said by phone from China on Wednesday after talks with senior officials at Cnooc.
Africa Oil refinances, but local concerns continue at OML 130
Africa Oil bought a 50% stake in Prime in January 2020 for $519.5mn. It has taken $712.5mn in dividends from the company, recovering its investment in under three years.
Murphy seals Cote d’Ivoire entry
Murphy executive vice president for operations Eric Hambly said the company intended to “accomplish great things” in Cote d’Ivoire.
South Sudan faces headwinds from Sudanese conflict
“It has not been as easy as it used to be. We need to reach out to other countries like Kenya,” he said.
The end looms for FAR amid cash return plans
Australia-listed minnow FAR has given up its plans to grow and instead opted to wind down its business and return cash to shareholders.
Pertamina, Gazprom commit big bucks to Algerian investments
The PSC was signed under the 2019 hydrocarbons law. Sonatrach has signed three other such deals, S&P Global has said, with Eni, Sinopec and a consortium of Occidental, Eni and TotalEnergies.
Baker Hughes wins subsea Baleine work
Phase 2 will involve the use of an existing FPSO. Production is due to start by the end of 2024. This will allow Eni to export oil, while it will send gas onshore via a pipeline to power plants.
WoodMac hails Total’s shallow-water find as biggest in a decade
“However, there are challenges. Nigeria is not known for short lead-times, particularly where JV projects are concerned."
Sound sketches out Calvalley entrance to Moroccan micro-LNG
The convertible notes fully fund Sound’s capital requirements until the end of the year. Sound launched a farm-out process in August 2022.
BW Offshore sells FPSO, Tullow considers Espoir options
Tullow expects the operator to carry out new drilling in 2025. The plans is for seven infill wells, two producers on West Espoir and two producers and three injectors on East Espoir.
Brothers fighting fraud charges from India are flourishing in Nigeria
Some of that expansion was bankrolled by a “well calculated economic fraud” that left the group owing more than 140 billion rupees ($1.71 billion) to public lenders including State Bank of India, Bank of Baroda and Union Bank of India, the CBI told the country’s Supreme Court a year ago.
Expro wins Tilenga work from TotalEnergies
Total has said that development of Tilenga will be limited to less than 1% of park land.
Perenco adds four wells at Boatou
Perenco has started up four new wells in Congo Brazzaville, on the Boatou permit.
Antler Global wins Equatorial Guinea block
Equatorial Guinea has offered the block before, via licence rounds, including during the 2019 offer. The area is to the east of Bioko island, north of Chevron’s Alen and Aseng fields.
Eco seeks deals to unlock drilling, with Orange Basin focus
“We have a very strategic position in the basin,” Eco CEO Gil Holzman said this week. “Block 3B/4B is exactly on trend with Graff and Venus”, Shell and Total’s finds respectively.
GNPC under fire for PetroSA plans, decom contract
The Prempeh letter was reported as saying that the offer to PetroSA was “scandalous” and that GNPC chairman Freddie Blay should “cease and desist immediately” from such offers. Blay had “totally ignored the wider interests” of Ghana, the minister said.
Invictus takes second aim at fairy tale with Mukuyu-2 plan
Appetite for exploration is back, Macmillan said. But for those wanting to explore, the potential find has to be big enough to materially add value to a prospect.