News
March 27, 2024
It is estimated that using DIAL will enhance the net present value (NPV) of each well by up to $50 million over their lifetime. The contract is expected to lead to further adoption of DIAL in West Africa and across the continent.
News
March 25, 2024
VAALCO Energy, Inc. announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement (“JOA”) related to the Venus-Block P Plan of Development (“POD”).
News
March 22, 2024
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in the recently completed Mukuyu-2 / ST1 drilling campaign and the compositional analysis from fast-tracked downhole reservoir fluid samples, the analysis of additional downhole fluid samples has confirmed a rich gas-condensate discovery in Mukuyu and presence of light oil.
News
March 21, 2024
On Wednesday, March 20, Perenco confirmed that a fire broke out at its Becuna platform in the Simba oil and gas field offshore Gabon. Today, March 21, Perenco unfortunately confirmed the death of five people.
News
March 20, 2024
The blocks, situated offshore to the east of the Unguja and Pemba Islands within water depths between 500 m and 3,000 m, represent a large frontier area and form part of a five-year exploration road map.
News
March 18, 2024
Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately $64 million.
News
March 15, 2024
Drilling operations on PEL 83 encountered a significant column with light oil in reservoirs of high quality. The AVO-3 exploration target, the AVO-1 appraisal target and a deeper target were fully cored and logged.
News
March 13, 2024
Condensate gas ratios (CGR) are estimated between 14-22 barrels per million standard cubic foot (bbls/MMcfg) of gas from the Mukuyu-2 samples with a condensate API gravity of 50-60.
News
March 10, 2024
Senegal’s readying to become a natural gas producer for the first time as its Greater Tortue Ahmeyim field, developed by bp Plc and Kosmos Energy Ltd., is scheduled to start production later this year.
News
March 08, 2024
The well encountered light oil, gas, and condensates in various intervals of Cenomanian age characterized by good to excellent permeability values. Preliminary assessments indicate potential resources ranging between 1 and 1.5 Bboe.
News
March 08, 2024
Production performance from the well has been in line with expectations and is currently stabilized at approximately 5,000-6,000 bopd.
News
March 07, 2024
President Bola Tinubu on Wednesday signed executive orders introducing tax credits for some onshore and shallow-water locations and streamlining contract approvals, the government said in a statement on X. The measures also include some local-content requirements.
News
March 06, 2024
Located within the prolific Orange basin, 200 km off the western coast of South Africa, Block 3B/4B covers an area of 17,581 km2. Block 3B/4B is adjacent to the DWOB license operated by TotalEnergies (50%) alongside QatarEnergy (30%) and Sezigyn (20%).
News
March 04, 2024
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in recently completed Mukuyu-2 / ST1 drilling campaign, preliminary compositional analysis from fast-tracked downhole reservoir fluid samples has confirmed a rich gas-condensate discovery in Mukuyu.
News
March 01, 2024
Optimism that President Bola Tinubu’s arrival in office in May would expedite deals in Africa’s biggest oil producer is starting to dissipate.
News
February 29, 2024
Aminex announced that interpretation of recently-acquired 338 km2 3D seismic dataset over the Ruvuma PSA has improved the in-place volumetrics for the Ntorya natural gas discovery and revealed a significantly higher resource potential in the wider license area than previously identified on the existing sparse 2D database.
News
February 29, 2024
Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa. The gross consideration for the acquisition is $66.5 million.
News
February 29, 2024
Perenco and its services subsidiary, Dixstone, have successfully designed and built a shallow water barge specifically for the campaign. The barge will complement Dixstone’s LUG platform, which over the past five years has delivered in excess of 16 MMboe in Cameroon.
News
February 27, 2024
The well completion operation was performed utilizing a Remotely Operated Controls System (ROCS) that has been supplied by Norwegian technology company Optime Subsea.
News
February 26, 2024
Helix will provide the Q4000, a DP3 riser-based semi-submersible well intervention vessel, a 10k Intervention Riser System (IRS), remotely operated vehicles, project management, and engineering services to cover fully integrated well intervention services from production enhancement to plug and abandonment.
News
February 25, 2024
To date, all surveying activity has been completed, with demining activities complete on the Damara Fold Belt Prospect L, which is expected to be the company’s first drilling location with an expected spud date in June 2024.
