iMbokodo shuffles leadership, eyes expansion
De Bruyn said iMbokodo had been set up with an eye on the draft bill and that the company was “compliant with government expectations”.
E&P
Maurel pins 2023 hopes on Gabon
This year, the company aims to focus its spending in Gabon. It will spend $100mn on development, of which $85mn will be in Gabon.
World Bank open to support Mozambican gas to spur energy access
“My sense of Mozambique’s natural gas assets is that it can play an important role for the global transition,” she said.
Stand down Brown, Lagos court orders Seplat CEO
The court based its order on allegations around various actions taken by Brown. He organised a site visit for shareholders, cancelled some landscape and catering contracts and introduced a new job performance rating.
No room to grow, independents face a returns squeeze
“The cost of getting things done is astronomically higher for oil and gas than for the greener projects,” he said. “In the longer term it’s bullish for prices, as not enough investment is going into the areas where it should be.”
Energean brings NEA/NI online
Energean approved the plan in January 2021. As such, the time it took from final investment decision (FID) to first gas is two years and two months.
Seplat CEO forced out of Nigeria in visa row
The company said media reports had been “clearly calculated to spread false information”. Seplat will work with the ministry to tackle the allegations, it said.
Blackford Dolphin to stay in Nigeria past 2024
Dolphin Drilling said the minimum term contract carried an effective dayrate of $325,000 including mobilisation.
Tullow targets transformation through debt payments
In Cote d’Ivoire, the independent is planning to drill an exploration well in 2024 on CI-524. The company has also secured a new licence in the country, CI-803, where it sees insights from its Tano Basin knowledge.
Chariot readies for Anchois development plan
“We remain fully focused on taking the Anchois project to first gas in a way that can continually grow the resource and project scale and help unlock the basin scale potential that we see across our licence area."
Eni lines up Raia drilling this year with rig contract
Eni had hoped to drill off Mozambique in 2020 but COVID-19 interrupted plans, Esgian analyst Matthew Donovan said.
AGM drops Ghana interest, Aker goes it alone
“It is not related to Aker Energy, and the decision has no implication for Aker Energys plans in Ghana,” he said.
San Leon’s Eroton out as operator after NNPC move
Some of these probes may result in the licence being revoked “if drastic steps are not taken by non-operating partners”.
Egypt offers brownfield options, while El Molla woos Chevron
The two talked about Chevron’s plans in Egypt. These include increasing production and co-operation in exporting gas from the region to Europe.
Shell scores third find off Namibia
The Deepsea Bollsta rig carried out the Jonker work. Shell said the semi-submersible would remain on PEL 39 to drill further exploration and appraisal wells.
Woodside enters Namibia, on trend with Venus
The company expects seismic results in mid-2023, Rushworth said.
Saipem contracts Deep Value Driller to Cote d’Ivoire
Saipem’s contract did not, though, cover reactivation costs for the rig. As a result, Deep Value Driller entered into a loan facility for $75 million, which will mature in three years.
French court sides with Total over duty of vigilance in Uganda, Tanzania
While the court found against them, the six organisations appear determined to continue their legal fight. “We will continue to work harder than ever in the courts and elsewhere”, Kamugisha said.
Update: Azule hands out $7.8bn of contracts for Agogo
According to a recent Eni presentation, Agogo is due to start up in 2026. It will produce 175,000 barrels per day in 2027.
Oil buoys Seplat, but pipelines and politics pose problems
Last year, theft on the Nembe Creek Trunk Line (NCTL) and Trans Niger Pipeline ranged from 30% to 90%.
Lukoil considers Pecan sale to Indian interests
While Aker Energy has attributed delays at Pecan to Lukoil, the company has faced other problems. The company’s first plan was seen as overly aggressive and politically unpalatable, forcing it to rethink development.
Kosmos looks for inflection, but TEN a drag
“With higher production and lower capital, free cash flow is expected to rise into 2024 providing multiple pathways for the company to deliver value for our shareholders.”
San Leon denies NNPC, Sahara move on OML 18
It did though note that “armed and unknown men” had forcibly evicted Eroton staff from the Alakiri gas plant on February 24. These men claimed to represent OML 18 Energy Resource, a subsidiary of Sahara Group.
Wentworth sale to Maurel squeaks past shareholders
Wentworth held its vote yesterday, with 75.26% of shares voted in favour of the scheme. The deal required 75% approval.
Invictus opts for appraisal over exploration in Zimbabwe
Upgrade work and maintenance will begin on the Exalo Rig 202 in April, following the end of the wet season.