Azule issues tenders for subsea work at PAJ
Azule signed the main contracts for the Agogo project on Block 15/06 in February. It awarded riser and flowline supply to TechnipFMC, while Subsea 7 won transportation and installation work.
Angola
Afentra completes INA deal, eyes on Sonangol next
The licence extension was a condition for Afentra’s deal with Sonangol. The company agreed in April 2022 to pay $80mn for a 20% stake in Block 3/05. At the time, Afentra said it expected the deal to complete in the third quarter of 2022.
Total plans out seventh FPSO for Angola
US-listed Cobalt International Energy initially explored the blocks. Total bought into the assets in 2019 from Sonangol, following Cobalt’s bankruptcy.
Expro settles Frank’s historic Angola bribes issue
Frank’s was private until August 2013. It continued to pay bribes after going public, the SEC said. While public, the company won another five contracts while using its sales agent.
Chevron nears deal in shared block offshore Angola and Congo
Oil production from the block could start as early as two years after a deal is signed, Budimbu said.
International offshore oil calls once more
Nigeria’s emissions are 16 kg of CO2 per barrel and Angola’s 17 kg, while on the shelf they rise to an average of 33 kg.
Sonangol plans Paenal restructuring to face the future
Sonangol has set out plans to restructure its interests in the Paenal yard and create a new operating model.
Angola says Exxon poised for $15bn Namibe Basin investment
ExxonMobil could invest $15 billion through 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, chairman for the Angola National Agency for Petroleum, Gas and Biofuels, said in Luanda.
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.
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.”
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.
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”.
Maurel pays down debt, progresses Wentworth deal
Operations had returned to normal in the third quarter in Gabon, Maurel said. The company began a well stimulation campaign in the fourth quarter of 2022, with the field now capable of producing more than 21,000 bpd.
Sonangol probe reaches BCG, PwC in Portugal
Angolan President Joao Lourenco dismissed dos Santos in November 2017, shortly after becoming president. Isabel was the daughter of Lourenco’s predecessor, Jose Eduardo dos Santos. Isabel is believed to be in Dubai.
Angola signs up Abu Dhabi maritime support
The company said the “energy sector in particular is likely to benefit considerably from improved connectivity”.
Masdar to develop 5 GW in three African states
The plan involves developing 2 GW of renewable energy in Angola, 1 GW in Uganda and 2 GW in Zambia. The agreement with Zambia set out plans to work on wind, solar and hydropower.
Fitch warns states will shoulder future decom burden
It cited analysis by Boston Consulting Group stating that by 2038 there would be 1,000 offshore structures in the Arabian Gulf that would no longer be economically viable.
Chevron extends jack-up contract from Shelf Drilling
Shelf Drilling has extended the contract on its Shelf Drilling Tenacious jack-up, offshore Angola.
A challenging year for African M&A
The continent’s two biggest oil producing nations have made recent reforms to their upstream regulatory regimes, which were been long awaited and the changes largely well received.
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.
Yinson steps up for Azule FPSO off Angola
Yinson Production has agreed to work on the Agogo FPSO for Azule Energy, in Angola’s Block 15/06.
Sonangol lines up additional Suezmax for 2023 delivery
Sonangol has begun building a second oil tanker, following an oil cutting ceremony in South Korea on November 28.
Equatorial Guinea, Congo team up on refinery plan
Equatorial Guinea and Congo Kinshasa have signed an agreement to work together, including in the construction of a joint-owned refinery and a controversial licence round.
BP takes on Valaris floater for Egypt work
BP has picked a Valaris rig to drill four wells offshore Egypt, starting late in the third or early in the fourth quarter of 2023.
Chevron extends jack-up contract with Shelf Drilling
Shelf Drilling has extended a contract with Chevron in Angola for the Shelf Drilling Tenacious.