BW Offshore, an FPSO specialist turned oil company, has completed the appraisal well drilling at the Tortue field, offshore Gabon, hitting oil in targeted reservoirs. The well, named DTM-3, was designed to appraise the western flank of the Tortue field attempting to extend the known distribution of hydrocarbon resources within the Gamba and Dentale formations. BW Offshore…
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Offshore drilling companies,eager to find work for their units in the over saturated drilling market,should be holding their breath for this one. Tullow Oil is cautiously reviving its search for new oil and gas resources in Africa and Latin America, its chief executive said, warning that the sector will need to walk a thin line…
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Egina oil field that was discovered by Total Upstream Nigeria Limited (TUPNI), is expected to create 3,000 jobs in five years. The project which is due for completion next year would also add 200,000 barrels of crude per day (bpd) to Nigeria’s oil production which is approximately 10 per cent of the country’s total oil…
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ExxonMobil today announced that its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank the government of Mauritania for…
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French oil major Total and Angola’s Sonangol on Monday signed several agreements covering both upstream and downstream activities. Patrick PouyannĂ©, Chairman and CEO of Total, had an audience on Monday with JoĂŁo Lourenço, recently elected President of the Republic of Angola, and with Carlos Saturnino, new Chairman of Sonangol, the national oil company. On this…
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West African explorer FAR Ltd. said Tuesday that an independent audit has uncovered at least 1 billion barrels of oil offshore Gambia. FAR Ltd., an Australian company with a strong portfolio offshore West Africa, said an audit of geotechnical data show the Samo and Bambo prospects off the coast of Gambia hold combined best estimate…
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Italian engineering, construction and drilling contractor, Saipem has won $5.42 billion contract for chartering, operations and maintenance for a Floating Production Storage Offloading (FPSO) tanker facility for the Zabazaba and Etan development project in Oil Prospecting License (OPL) 245. Nigerian Agip Exploration (NAE) Limited and Shell Nigeria Exploration and Production Company (SNEPCo) signed the production…
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Saudi Aramco said on Thursday that the agreements, valued at nearly $4.5 billion in total, were designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localize domestic content. Eight agreements were signed, including three agreements with Madrid-based TĂ©cnicas Reunidas under the Gas Compression Program in the Southern Area. The project will improve…
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Following the flag-off of oil search on the Nasarawa State end of the Benue Trough last week, the Nigerian National Petroleum Corporation (NNPC) has commenced move to mobilize for oil exploration in the Benue State sector of the Benue Trough. The Group Managing Director of NNPC, Dr. Maikanti Kacalla Baru, who led a high-powered delegation…
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The Ministry of Mines and Hydrocarbons of Equatorial Guinea (MMIE.gob.gq), Kosmos Energy (KosmosEnergy.com) of the US and national oil company GEPetrol have signed three new production sharing contracts (PSC) for Block EG-21, Block S and Block W offshore Rio Muni. The deal marks Kosmos’ first PSCs in Equatorial Guinea. Block EG-21 was offered for tender…
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