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.
Offshore
BP, Kosmos clash over GTA LNG sales
Kosmos will consider its options this year. Inglis said it would be likely that the second phase would have some element of fixed contract and spot pricing. “We will not have to have sold all the gas” at final investment decision (FID), he said.
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.”
Drilling “imminent” on Total’s mooted golden block
The plan, he said, would not be “to appraise everything”. Instead, the partners in the block would “accelerate the time to market … if we have the chance to really confirm the volumes which seems to have been discovered, there will be room to make fast track developments, like we did on Block 17, 25 years ago.”
Shell extends Valaris rig for bargain price
Shell’s deepwater unit is using the rig for infill drilling around its Bonga FPSO.
Shell signs up for more Northwest African exploration
While work in C2 is just beginning, the MPME said Shell was planning to drill another licence in the coastal area before the end of 2023.
TechnipFMC wins Girassol life extension work
Total discovered Girassol in 1996 and began producing within five years. The field celebrated its 20-year anniversary in 2021.
McDermott arrives for pipe work at BP’s GTA LNG
The production pipelines will run to the FPSO, a distance of around 80 km. The FPSO removes liquids – primarily water and condensate – and then exports gas to the floating LNG (FLNG) hub, around 35 km away.
Panoro and partners add another EG block
Past drilling on the block has suggested there is potential, with an “extensive prospect inventory” within tie-back distance to Ceiba and the Okume complex.
Somoil adds more upstream with Galp purchase
CEO Silva said Galp’s upstream was now purely focused on Brazil, “at least until we have more news from [Sao Tome] and Namibia”.
Sanha on track for Angola LNG as Sarens loads out jacket
SLGC is intended to tackle a projected supply gap at the Angola LNG facility.
CNOOC seeks to unleash Gabon’s game changing Tigre
Gabon is producing around 200,000 barrels per day. Should Tigre be successful, and if the in-place forecasts are accurate, the project could double Gabon’s production, S&P said.
Shelf extends jack-up contract in Egypt
Shelf won more work in Egypt for its Trident 16 jack-up in January. Petrobel signed a one-year contract extension for the rig, with an option for another year.
Golar ties up Hilli equity with New Fortress deal
NFE CEO and chairman Wes Edens said the deal would allow the company to “focus solely on our own FLNG portfolio that we own 100%”.
OML 130 drilling faces legal battle, threat to seize Noble rig
“Our rig is still available,” a Palmeron official said. “We believe the contract should be ours. If we do it, we would be the first local contractor in Africa to do drilling. We want the IOCs and the world to encourage us,” he continued.
Addax ends Nigeria saga with NNPC transfer
As a result, they agreed the “clean and amicable exit for Addax by resolving all the PSC contractual issues, including litigation”.
Minister says no to Eni’s mega gas plan in Libya
“That part of west Libya is relatively stable. If you’re going to choose a project to develop it’s a good choice,” Kinnear said.
Gabon, then Equatorial Guinea, to drive Panoro growth in 2023
“Panoro is entering a phase of continual drilling activity which will see at least 10 wells being drilled in Gabon and Equatorial Guinea over the next 12 to 15 months and deliver a step-change in working interest production,” said company CEO John Hamilton.
Eni, NOC kick off $8bn gas project offshore Libya
Mellitah is the origin point for the Greenstream pipeline, which carries gas from Libya to Italy, via Sicily.
BP tipped to reach next Senegal FID this year
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
Shell, Total appraisals under way off Namibia
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.
Expro wins Eni production work in Congo
The facility will allow LNG production to “significantly increase”, Expro said. It is intended to allow additional gas production support power generation.
FPSO sailaway for BP’s GTA LNG project
The FPSO for BP’s Greater Tortue Ahymeyim (GTA) LNG project has left China and is heading for its site off Mauritania and Senegal.
Sierra Leone extends offshore round
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”.