 The European/American independent E&P company has become an endangered species in Africa. This type of company is either farming down from transformational projects, being swallowed a whole or leaving the continent on its own volition. Occidental’s ongoing purchase of Anadarko, the most aggressive independent explorer on the continent,  comes with a parallel transaction: all …
ExxonMobil’s Proved Reserves in Decline by half, in Africa
ExxonMobil’s proved reserves of crude oil in Africa has decreased by 46% in the last four years, the company itself reports. The company holds exploration and production assets in nine countries on the continent, including Angola, Chad, Equatorial Guinea, Namibia, Nigeria, Mauritania, Mozambique, South Africa and Tanzania. Reserves dropped from 1.295Billion barrels at the end …
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Eni expands in Mozambique with three new offshore licenses
Italian oil company Eni has acquired rights to explore and develop offshore blocks A5-B, Z5-C and Z5-D, located in the deep waters of Angoche and Zambezi Basins offshore Mozambique. Source: EniThrough a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada and authorized by Mozambican institutions, Eni’s subsidiary Eni Mozambico acquires a 10% stake …
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Conoil Struggles with Operational Issues
 qq The Nigerian independent Conoil Producing, is struggling with declining production, less than a year it all seemed that the only way the company’s output could go was up. Conoil’s current daily crude production is 14,000 Barrels Per Day, a 30% drop from the 20,000BOPD it achieved in April 2018 and which it maintained for …
ENI Will Define Angola’s Near Term Future
 Fourth discovery in 18 months By Sully Manope ENI’s new light oil discovery in Block 15/06, is the fourth in Angola’s deep offshore in the last 18 months. Ndungu-1, located a few kilometers from the company’s West Hub facilities, is estimated to contain up to 250Million barrels of light oil in place, with further …
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Vantage Drilling’s net loss deepens
Offshore drilling company Vantage Drilling International saw its net loss deepen in the first quarter of 2019. Vantage’s Tungsten Explorer; Author: SP MacThe company on Thursday reported a net loss attributable to controlling interest of $47.9 million for the first quarter 2019, compared to a net loss attributable to controlling interest of $32.1 million in the …
BP takes over disputed offshore block in The Gambia
Oil major BP has struck an offshore exploration deal with the Gambian government in a disputed block previously held by African Petroleum Corporation. The signing ceremony / Image source: GNPCThe Ministry of Petroleum & Energy of The Gambia has this week announced the official licensing of Offshore Block A1 to BP. “This license provides the …
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Shearwater to shoot seismic over Woodside’s SNE field
Geoservices player Shearwater has been awarded a contract for a 3D seismic survey over the SNE field area located in Senegalese waters. SNE field development; Source: WoodsideAustralia’s Woodside is the operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture, which contains the SNE field development. Other partners in the field …
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Sasol Seeks To Acquire More Upstream Assets in West Africa
Sasol is looking to acquire more upstream acreage in West Africa. The company’s only operated upstream acreages outside South Africa are in Mozambique. It has equity in upstream acreage in Gabon and is involved in a midstream project in Nigeria. Sasol says it has strong basin knowledge in West Africa and it is building on …
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AAOG to bring Congo well online in April
Anglo African Oil & Gas (AAOG), is working to bring its TLP-103C well at Tilapia license offshore the Republic of the Congo into production. Aerial view of AAOG Congo site / Image AAOGThe Tilapia field is located 1.8 kilometers offshore of the Republic of the Congo, located in the Lower Republic of the Congo Basin. …
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