Conversion of OML 130 could trigger FID from Total at Preowei
Partners in Nigeria’s OML 127 and 130 continue to work on conversion to new terms – with success potentially triggering approval for the Preowei discovery.
Preowei
Africa Oil sees progress looming in Nigeria, Kenya
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
TotalEnergies readies for Nigeria drilling
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.
Total notes African delays, drilling plans
Total expects to start up its Ikike field, offshore Nigeria, by the end of 2021 and will drill a number of exploration wells across its African portfolio.
Total trims spending on price volatility
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
Nigeria feels the pinch
Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per barrel oil.
Petrobras finally out of Africa
Petrobras has concluded the sale of its 50% stake in Petrobras Oil & Gas BV (POGBV), through which it held stakes in Nigeria’s Egina and Agbami fields.